JG Chemicals Q2 FY27 Results: Consolidated Net Profit ₹27.95 Crore on Total Income of ₹362 Crore
- Earnings
- chemicals
Reviewed byRachit TripathiBlacklitt Research
JG Chemicals (NSE: JGCHEM) reported consolidated total income of ₹361.58 crore and net profit of ₹27.95 crore for the quarter ended 30 Sep 2026, it said in a filing on 03 Nov 2026. Standalone total income was ₹102.61 crore and standalone net profit ₹6.58 crore for the same quarter.
Key highlights
Consolidated
Including its subsidiaries
- Total income: ₹361.58 crore, up 61.3% YoY and 13.6% QoQ
- Net profit: ₹27.95 crore, up 86.0% YoY and 7.0% QoQ
- EPS: ₹6.81 basic, against ₹3.67 a year earlier, not annualised
- Other income: ₹0.58 crore, down 85.3% YoY from ₹3.90 crore
Standalone
The company on its own, without its subsidiaries
- Total income: ₹102.61 crore, up 62.1% YoY and 3.5% QoQ
- Net profit: ₹6.58 crore, up 59.0% YoY and down 22.5% QoQ
- EPS: ₹1.68 basic, against ₹1.06 a year earlier, not annualised
- Final dividend: 11% of face value ₹10, or ₹1.10 per share, for FY 2025-26
Summary
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 361.58 | 224.18 | +61.3% | 318.38 | +13.6% | |
| Revenue from operations | 361.01 | 220.28 | +63.9% | 315.65 | +14.4% |
| Other income | 0.58 | 3.90 | -85.3% | 2.73 | -78.9% |
| 27.95 | 15.03 | +86.0% | 26.12 | +7.0% | |
| Profit before tax | 37.24 | 20.35 | +83.0% | 34.97 | +6.5% |
| Finance costs | 0.14 | 0.20 | -29.6% | 0.10 | +44.3% |
| Depreciation | 1.26 | 1.31 | -3.3% | 1.18 | +7.0% |
| Tax expense | 9.29 | 5.32 | +74.7% | 8.86 | +4.9% |
| Net profit margin | 7.73% | 6.71% | +1.03 pp | 8.20% | -0.47 pp |
| EPS, basic (₹) | 6.81 | 3.67 | +85.6% | 6.40 | +6.4% |
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.
Consolidated net profit grew faster than total income: up 86.0% YoY against 61.3%. Profit before tax rose 83.0% YoY, to ₹37.24 crore from ₹20.35 crore, and tax expense rose 74.7%, to ₹9.29 crore, so the gain reached net profit at a similar pace.
Revenue from operations of ₹361.01 crore rose 63.9% YoY, while other income of ₹0.58 crore fell from ₹3.90 crore and made up 0.2% of total income. Revenue from operations therefore accounts for almost all of the consolidated income this quarter.
Against the quarter ended 30 Jun 2026, consolidated net profit rose 7.0% and total income rose 13.6%. Finance costs of ₹0.14 crore are small against total income of ₹361.58 crore, at 0.0% of it. The filing does not give the reason for the rise in revenue from operations.
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 102.61 | 63.29 | +62.1% | 99.10 | +3.5% | |
| Revenue from operations | 100.27 | 59.60 | +68.2% | 95.89 | +4.6% |
| Other income | 2.34 | 3.69 | -36.6% | 3.22 | -27.2% |
| 6.58 | 4.14 | +59.0% | 8.50 | -22.5% | |
| Profit before tax | 8.75 | 5.53 | +58.3% | 11.37 | -23.1% |
| Finance costs | 0.06 | 0.07 | -14.3% | 0.03 | +87.5% |
| Depreciation | 0.31 | 0.36 | -15.4% | 0.30 | +1.7% |
| Tax expense | 2.17 | 1.39 | +56.1% | 2.88 | -24.7% |
| Net profit margin | 6.42% | 6.54% | -0.13 pp | 8.57% | -2.16 pp |
| EPS, basic (₹) | 1.68 | 1.06 | +58.5% | 2.17 | -22.6% |
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 rose 59.0% YoY, slower than total income, which rose 62.1%. Revenue from operations of ₹100.27 crore rose 68.2%, while other income fell 36.6% to ₹2.34 crore, 2.3% of total income.
Against the June quarter, standalone net profit fell 22.5% while total income rose 3.5%. Tax expense of ₹2.17 crore is 24.8% of profit before tax of ₹8.75 crore. Standalone EPS was ₹1.68 against ₹1.06 a year earlier.
Consolidated net profit of ₹27.95 crore is ₹21.37 crore higher than standalone net profit of ₹6.58 crore. The filing says the consolidated results include one subsidiary, BDJ Oxides Private Limited, and that the company has one reportable segment, manufacturing and selling zinc based products.
Inference
The board approved both sets of results on 3 Nov 2026, and the auditor S. Jaykishan issued an unmodified limited review conclusion. The company declared a final dividend of 11% of face value ₹10 per share (₹1.10 per equity share) for FY 2025-26; the filing does not give its record date or payment date.
Two independent directors, Kaushik Roy and Sunil Duggal, were appointed as additional directors effective 3 Nov 2026 for three years, subject to shareholder approval. The filing does not say when shareholders will vote on the appointments.
The filing does not explain the sharp change in consolidated other income or the reason for the rise in revenue from operations.
Filed with BSE on . Reference: Original filing (PDF)
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