India Pesticides Q2 FY27 Results: Consolidated Net Profit ₹18.42 Crore on Total Income of ₹231 Crore
- Earnings
- agrochemicals
Reviewed byRachit TripathiBlacklitt Research
India Pesticides (NSE: IPL) reported total income of ₹231.31 crore and net profit of ₹18.42 crore on a consolidated basis for the quarter ended 30 Sep 2026. On a standalone basis, total income was ₹228.83 crore and net profit ₹19.36 crore. The company's figures were approved by its board on 3 Nov 2026, and it said in a filing on 03 Nov 2026 that the results were unaudited.
Key highlights
Consolidated
Including its subsidiaries
- Total income: ₹231.31 crore, down 21.6% YoY and 9.6% QoQ
- Net profit and EPS: ₹18.42 crore net profit; basic EPS ₹1.60, down from ₹2.74
- Finance costs: ₹2.45 crore, up 100.8% YoY from ₹1.22 crore
Standalone
The company on its own, without its subsidiaries
- Total income: ₹228.83 crore, down 22.3% YoY and 10.8% QoQ
- Net profit and EPS: ₹19.36 crore net profit; basic EPS ₹1.68, down from ₹2.78
- Finance costs: ₹2.22 crore, up 94.7% YoY from ₹1.14 crore
Summary
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 231.31 | 295.15 | -21.6% | 255.78 | -9.6% | |
| Revenue from operations | 228.71 | 290.36 | -21.2% | 251.76 | -9.2% |
| Other income | 2.60 | 4.79 | -45.7% | 4.02 | -35.3% |
| 18.42 | 31.61 | -41.7% | 22.77 | -19.1% | |
| Profit before tax | 24.73 | 47.00 | -47.4% | 30.85 | -19.8% |
| Finance costs | 2.45 | 1.22 | +100.8% | 2.77 | -11.6% |
| Depreciation | 6.04 | 5.36 | +12.7% | 5.87 | +2.9% |
| Tax expense | 6.31 | 15.39 | -59.0% | 8.08 | -21.9% |
| Net profit margin | 7.96% | 10.71% | -2.75 pp | 8.90% | -0.94 pp |
| EPS, basic (₹) | 1.60 | 2.74 | -41.6% | 1.97 | -18.8% |
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
The consolidated figures include a review by other auditors: two subsidiaries with total assets of ₹108.04 crore were reviewed by other auditors, not the statutory auditors.
The company's business is agrochemicals; Blacklitt data puts its market value at ₹1,329 crore.
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 228.83 | 294.46 | -22.3% | 256.50 | -10.8% | |
| Revenue from operations | 226.19 | 289.63 | -21.9% | 252.56 | -10.4% |
| Other income | 2.64 | 4.83 | -45.3% | 3.94 | -33.0% |
| 19.36 | 32.04 | -39.6% | 23.07 | -16.1% | |
| Profit before tax | 25.68 | 47.52 | -46.0% | 31.39 | -18.2% |
| Finance costs | 2.22 | 1.14 | +94.7% | 2.61 | -14.9% |
| Depreciation | 5.86 | 5.27 | +11.2% | 5.72 | +2.4% |
| Tax expense | 6.32 | 15.48 | -59.2% | 8.32 | -24.0% |
| Net profit margin | 8.46% | 10.88% | -2.42 pp | 8.99% | -0.53 pp |
| EPS, basic (₹) | 1.68 | 2.78 | -39.6% | 2.00 | -16.0% |
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Standalone net profit fell 39.6% year on year, against a 22.3% fall in total income. Profit before tax of ₹25.68 crore was 46.0% lower than the ₹47.52 crore of the same quarter a year before, and tax of ₹6.32 crore was 24.6% of profit before tax.
Standalone other income of ₹2.64 crore is 10.3% of profit before tax, and finance costs of ₹2.22 crore are 1.0% of total income.
The standalone statement records a dividend paid of ₹8.63 crore in the half year ended 30 Sep 2026, and an investment in a subsidiary of ₹12.47 crore in the same half year.
Inference
The filing states the board approved the unaudited results on 3 Nov 2026 and that the statutory auditors carried out a limited review, reporting nothing that suggests a material misstatement. The notes disclose an income tax demand of ₹7.10 crore net of tax paid and an appeal pending before the Commissioner of Income-tax (Appeals), Lucknow.
The filing does not say what the outcome of the appeal will be or how much provision, if any, has been made against the demand. It also does not give the reason for the fall in revenue from operations or profit before tax, or the amount and timing of any dividend declared for the quarter.
Filed with BSE on . Reference: Original filing (PDF)
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