J.G. Chemicals Q2 FY27: best-ever quarter, revenue up 63.89% YoY to ₹361 crore
Q2 FY27 revenue up 63.89% YoY to ₹361 crore, PAT up 85.96% to ₹27.9 crore; EBITDA margin 10.72% vs 9.94% a year earlier.
By ScoutQuest · · 1 min read
- Q2 FY27 Revenue
- ₹361 crore, up 63.89% YoY
- Q2 FY27 PAT
- ₹27.9 crore, up 85.96% YoY
- EBITDA Margin
- 10.72% vs 9.94% a year earlier
- Period
- Q2 FY27 and H1 FY27
- Positioning
- The presentation describes JGC as the largest zinc oxide supplier to the Indian tyre industry, with rubber about 84% of FY26 revenue and non-rubber applications over 18% of Q2 FY27 sales.
📈 Q2 FY27 revenue from operations reached ₹361 crore, up 63.89% YoY and 14.37% QoQ, with EBITDA of ₹38.6 crore (up 76.82% YoY) and PAT of ₹27.9 crore (up 85.96% YoY); the quarterly table shows EBITDA margin of 10.72% against 9.94% a year earlier and PAT margin of 7.76% against 6.81%. The company calls it its best-ever quarter, supported by demand, product mix and disciplined execution.
📉 Not everything moved the right way: EBITDA margin of 10.72% in Q2 FY27 was 78 bps below Q1 FY27's 11.50%, other income fell 84.6% YoY to 6 (INR Mn), current borrowings rose to 138 (INR Mn) in H1 FY27 from 64 (INR Mn) in FY26 and cash and cash equivalents fell to 54 (INR Mn) from 162 (INR Mn). Management nevertheless states it expects further margin improvement as new capacities ramp up and value-added products take a greater share of revenue.
📈 For H1 FY27 the deck reports revenue of 6,767 (INR Mn), up 54.4% YoY, EBITDA of 749 (INR Mn), up 66.1%, and PAT of 541 (INR Mn), up 72.3%; the historical statement puts FY26 revenue at 9,729 (INR Mn) with PAT of 686 (INR Mn) and an EBITDA margin of 10.05%.
🏭 On where it says it is going, the presentation states Dahej Phase 1 of roughly 15,000 MTPA is nearing completion with trial runs next month and Naidupeta brownfield is on track for Q4 FY27, lifting total zinc oxide capacity to 79,904 MTPA; non-rubber applications were over 18% of Q2 FY27 sales, and the company lists a target of moving non-rubber revenue from 15% to 30% over the next few years.
Also from J.G.Chemicals
Board expanded: Sunil Duggal and Kaushik Roy appointed Independent Directors from 3 November 2026
3 Nov 2026
Consolidated results for the 30.09.2026
3 Nov 2026
ICRA monitoring report: no deviation in IPO proceeds use, spending differs from vendor specifications
3 Nov 2026
More numbers
- Revenue from operations, Q2 FY27₹361 crore
- EBITDA, Q2 FY27₹38.6 crore
- PAT, Q2 FY27₹27.9 crore
- EBITDA margin, Q2 FY2710.72%
- Revenue from operations, H1 FY276,767 (INR Mn)
- PAT, H1 FY27541 (INR Mn)
- Revenue from operations, FY269,729 (INR Mn)
- Current borrowings, H1 FY27138 (INR Mn)
- Total zinc oxide capacity after Dahej Phase 1 and Naidupeta79,904 MTPA
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