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NGL Fine Chem H1 FY26 Results: Revenue Rises, Profit Edges Lower

By Freedom251 Team · · 3 min read

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NGL Fine-Chem Limited’s latest completed half-year results supported by published filings are for H1 FY26, the six months ended September 30, 2025—not FY27. The board approved the unaudited standalone and consolidated results on November 12, 2025. On a consolidated basis, revenue from operations increased 21.82% year over year to INR 224.44 crore, while EBITDA rose 34.54% to INR 28.13 crore and profit after tax (PAT) slipped to INR 18.87 crore from INR 19.03 crore.

The company archive has a FY27 Q2 section, but its visible results links were not populated; the filings index showed Q1 FY27 reporting and Q2 procedural notices, not a Q2 results filing, as of October 13, 2026. The figures below therefore describe H1 FY26, not newly published FY27 results.

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Consolidated H1 FY26 results at a glance

The half-year figures compare the six months ended September 30, 2025, with the corresponding six months a year earlier. NGL Fine-Chem’s exchange-filed statements report amounts in rupees lakh; the company’s November 2025 earnings-call transcript presents the key totals in crore. One crore equals 100 lakh.

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Consolidated measure H1 FY26 H1 FY25 Year-over-year change
Revenue from operations INR 224.44 crore (INR 22,444.37 lakh) INR 184.24 crore (INR 18,423.74 lakh) Up 21.82%
EBITDA INR 28.13 crore INR 20.91 crore Up 34.54%
Profit after tax (PAT) INR 18.87 crore INR 19.03 crore Down INR 0.16 crore, or about 0.8%

The revenue lakh amounts are reported in the company’s results filed with the NSE; EBITDA and PAT comparisons are stated in the company’s November 18, 2025 earnings-call transcript. Growth percentages are as reported by the company. The small PAT percentage decrease is calculated from the reported crore figures.

What the figures say—and what they do not

Revenue and EBITDA grew faster than PAT: the company reported higher operating income and EBITDA, but slightly lower profit after tax. The results supplied here do not include a standalone explanation reconciling that divergence. It would therefore be speculative to attribute the PAT movement to a particular cost, tax, finance item, or one-off effect.

Revenue growth was 21.82%, while reported EBITDA growth was 34.54%. These growth rates alone do not establish why profitability changed, and they should not be treated as evidence of a sustained trend from one half-year comparison.

Q2 FY26 was a separate quarter

Q2 FY26 covers July through September 2025. Its figures are part of the six-month H1 totals above, not additional half-year amounts.

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Consolidated Q2 measure Q2 FY26 Q2 FY25
Revenue from operations INR 120.26 crore Not stated in the cited earnings-call summary
EBITDA INR 17.16 crore Not stated in the cited earnings-call summary
EBITDA margin 14.27% 10.54%
PAT INR 9.63 crore INR 9.81 crore

These quarter values were reported by NGL Fine-Chem in its November 2025 earnings-call transcript. The margin comparison is specifically for Q2, and should not be read as the half-year margin.

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Management’s view of demand

On the November 18, 2025 call, Managing Director Rahul Nachane said demand was improving across markets, particularly in India and Asia. He cautioned that it was too early to conclude the company had gained market share, saying the increase appeared to reflect broader demand improvement and that more quarters would be needed to establish whether the recovery was sustained. Management also said some production had been outsourced to meet demand. These are management’s explanations and observations, not independently verified market findings.

Nachane summarized the profit comparison this way: “The profit after tax was INR18.87 crores for H1 FY ’26, marginally lower than INR19.03 crores recorded in H1 FY ’25.”

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Unaudited results and reporting basis

The board approved unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2025, on November 12, 2025, with limited review reports. The headline comparison in this article is consolidated. Standalone results are a separate reporting basis and should not be mixed with consolidated figures; no standalone amounts are reproduced here.

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For the statement-level revenue figures, see the NSE-hosted company results filing. The company’s financial archive provides its quarter and half-year records, and the company-filed earnings-call transcript provides management commentary. The transcript includes forward-looking statements; its expectations are not guarantees of later outcomes.

Product prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on Amazon at the time of purchase will apply.

financial resultsH1 FY26 resultshalf-year earningsIndia marketsNGL Fine-Chem

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