ALFA Finder
The call ran from 11:01 AM to 11:49 AM IST (49 min).
Key takeaways
NGL delivered strong volume-led revenue growth but faces margin pressure from new Tarapur facility costs.
| EBITDA Margin: guided vs achieved | 17.68% achieved Guided 15.00%–18.00%; confirmed by management |
|---|
| Revenue growth | 32% YoY growth, purely volume-led with no contribution from price increases. |
|---|---|
| Margins | EBITDA margin at 17.68%; expected pressure as Tarapur fixed costs kick in. |
| Demand visibility | Strong demand in existing markets; regulated markets (EU/US) are medium-term opportunities. |
| Management confidence | Cautiously optimistic; transparent about transitionary margin pressure from new capacity. |
Growth
Revenue rose 32% YoY to ₹158.71 Cr, driven primarily by strong volume growth across markets.
Outlook
Management expects 30-40% utilization at Tarapur over next 2-3 quarters, targeting FY28-30 for critical mass.
Risks
Tarapur Phase 2 commissioning adds significant depreciation and operating costs before full revenue ramp-up.
Last quarter's promises, checked
Delivered
- EBITDA margin 15–18% → 17.68% (= BEAT, within band)
- Quarterly revenue ~₹150 Cr run-rate → ₹158.71 Cr (= BEAT)
Partly delivered
- Phase II commissioning early Q2 FY27 → production commenced Sep 24, 2026 (= PARTIAL, late Q2)
Missed
- Phase II capex ₹210 Cr → ₹220 Cr (= MISS, +₹10 Cr)
- Partial price pass-through in Q1 FY27 → revenue growth 'entirely volume-driven', no price contribution (= MISS)
Summary by ALFA Finder, written with AI assistance from our own recording of the call, published . Open it on ALFA Filings ›
The results behind this call
NGL Fine - Chem Q2 FY27 Results: Net Profit ₹16.2 Cr, Up 68.8% YoY
NGL Fine - Chem Ltd reported revenue from operations of ₹158.7 Cr (+31.9% YoY) and net profit of ₹16.2 Cr (+68.8% YoY) for Q2 FY27.
- Key figure
- Net profit ₹16.2 Cr · +68.8% YoY
What management said last time
Full summary →From the call summary published .
Outlook they gave
EBITDA margin target 15-18%; Phase II Greenfield commissioning Q2 FY27; ₹210cr total capex; 10 new products annually.
Growth they described
FY26 revenue grew 36% to ₹500.95cr; PAT surged 128% to ₹48.13cr. Q4 revenue hit ₹149.23cr.
Call details
| Company | NGL Fine-chem Limited |
|---|---|
| NSE symbol | NGLFINE |
| ISIN | INE887E01022 |
| Call | Q2 FY27 earnings call |
| Date | Thursday, 12 November 2026 |
| Time | 11:00 AM IST |
| Length | 49 min |
| Audio | Our stream on YouTube ↗ |
NGL Fine-chem Limited: key numbers
- Share price
- ₹3,030.10
- Market cap
- ₹1,872 Cr
- Revenue (annual)
- ₹500.9 Cr
- Net profit (annual)
- ₹48.13 Cr
- P/E (TTM)
- 29.3×Sector 43.8×
- Promoter holding
- 72.49%+0.00% QoQ
- FII holding
- 0.04%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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