ALFA Finder
The call ran from 3:29 PM to 3:59 PM IST (29 min).
Key takeaways
Standalone PAT fell 33% YoY to ₹87 Cr and EBITDA fell 27% despite 21% higher income. Management blamed Middle East-driven energy and logistics costs and ATBS customer destocking.
| Management target | Revenue 20.0% FY27 |
|---|
| Revenue growth | Standalone revenue +21% YoY, -4% QoQ; growth not profit-accretive. |
|---|---|
| Margins | Q2 EBITDA margin ~21%, lowest cited; FY27 guided 24–25%. |
| Demand visibility | ATBS recovery deferred to H2; management expects Q3 strength, unproven. |
| Management confidence | Defensive-optimistic; repeats 'worst is behind us' despite margin collapse. |
Growth
Standalone income +21% YoY but -4% QoQ; EBITDA -27%, margin ~21%. Top-line growth is not converting to profit.
Outlook
FY27 top line guided +20–25% YoY (lower bound shown); EBITDA margin guided 24–25%; ₹500 Cr capex, second ₹500 Cr unconfirmed.
Risks
ATBS volume recovery pushed to H2 on customer destocking; logistics and energy costs not fully passed on; MEHQ commercial sales delayed to April.
Summary by ALFA Finder, written with AI assistance from the earnings call transcript the company filed, published . Open it on ALFA Filings ›
The results behind this call
Vinati Organics Q2 FY27 Results: Net Profit ₹78.4 Cr, Down 31.8% YoY
Vinati Organics Ltd reported revenue from operations of ₹680.2 Cr (+23.6% YoY) and net profit of ₹78.4 Cr (-31.8% YoY) for Q2 FY27.
- Key figure
- Net profit ₹78.4 Cr · -31.8% YoY
What management said last time
Full summary →From the call summary published .
Outlook they gave
Targeting 15% company-wide volume growth for FY27; ₹200-250cr capex earmarked for FY27; VOPL revenue expected from Q3FY27.
Growth they described
FY26 standalone PAT grew 18% YoY to ₹488cr; EBITDA up 17% to ₹741cr despite flat overall income.
Call details
| Company | Vinati Organics Ltd |
|---|---|
| NSE symbol | VINATIORGA |
| ISIN | INE410B01037 |
| Call | Q2 FY27 earnings call |
| Date | Thursday, 5 November 2026 |
| Time | 3:30 PM IST |
| Length | 29 min |
Vinati Organics Ltd: key numbers
- Share price
- ₹1,042.80
- Market cap
- ₹10,810 Cr
- Revenue (annual)
- ₹2,227 Cr
- Net profit (annual)
- ₹443.7 Cr
- P/E (TTM)
- 26.2×Sector 28.2×
- Promoter holding
- 74.28%+0.00% QoQ
- FII holding
- 3.64%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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