ScoutQuest23 Oct 2026
Indo Rama Synthetics (India)500207Quarterly results

Indo Rama Synthetics Q2 FY27: PAT up 201.8% to Rs 74.1 Cr on 10.0% total income growth; ~Rs 200 Cr specialty expansion planned

Q2 FY27 total income up 10.0% to Rs 1,344.0 Cr, EBITDA up 46.4% to Rs 117.7 Cr, PAT up 201.8% to Rs 74.1 Cr.

By ScoutQuest · · 1 min read

137.8 (Rs. In Cr)
Q2 FY2774.1 (Rs. In Cr)H1 FY27137.8 (Rs. In Cr)
PAT: 74.1 (Rs. In Cr) (Q2 FY27) and 137.8 (Rs. In Cr) (H1 FY27).
Q2 FY27 Total Income
up 10.0% to Rs 1,344.0 Cr
Q2 FY27 EBITDA
up 46.4% to Rs 117.7 Cr
Q2 FY27 PAT
up 201.8% to Rs 74.1 Cr
Period
Q2 & H1 FY27
Positioning
Indo Rama describes itself as India's leading integrated polyester platform, with 6.72 lakh TPA polyester capacity at a single Butibori, Nagpur facility, exporting to 28 countries and backed by Indorama Ventures.

📉 Q2 FY27 total income rose 10.0% to Rs 1,344.0 Cr, EBITDA rose 46.4% to Rs 117.7 Cr and PAT rose 201.8% to Rs 74.1 Cr. For H1 FY27, total income fell 9.7% to Rs 2,284.2 Cr but PAT rose 78.3% to Rs 137.8 Cr.

💰 The company reports net debt down to Rs 852 Cr from Rs 1113 Cr in FY26, debt to equity at 1.31x versus 2.18x, and H1 operating cash flow of Rs 329 Cr versus Rs 92 Cr. On a TTM basis it reports ROE of 38.2% and ROCE of 27.0%.

🏭 Management states that utilisation improved to 68% in FY26 from 58% in FY25. It says there is further scope to raise utilisation now that capex has normalised after the Rs 628 Cr spent in FY23-FY24.

🏭 The company says a ~Rs 200 Cr expansion for specialty filament and fibre at subsidiary IVYPL has been approved, with commercial production targeted over the next 12-18 months. The presentation cites policy support, China+1 sourcing shifts and falling cotton output as tailwinds.

5.59%Export share of operating revenue
Export share of operating revenue: 5.59%.
Incorporated Company incorporation
Period end Q2 and H1 FY27 results
Incorporated 28 Apr 1986 · Period end 30 Sep 2026
More numbers
  • Total Income, Q2 FY271,344.0 (Rs. In Cr)
  • Revenue from operations, Q2 FY271,340.6 (Rs. In Cr)
  • EBITDA, Q2 FY27117.7 (Rs. In Cr)
  • PAT, Q2 FY2774.1 (Rs. In Cr)
  • PAT YoY growth, Q2 FY27201.8%
  • PAT, H1 FY27137.8 (Rs. In Cr)
  • Revenue from operations, FY264,910.1 (Rs. in Cr)
  • PAT, FY26150.2 (Rs. in Cr)
  • Net Debt, H1 FY27852 (Rs. In Cr)
  • ROE, TTM H1 FY2738.2%
  • Capacity utilisation, FY2668%
  • Total capex FY23-FY24₹628 Cr
  • Planned specialty expansion~₹200 Cr
  • Export share of operating revenue5.59%
Source: BSE · 23 Oct 2026

Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.

About ScoutQuest · Logos provided by Logo.dev