| Revenue growth | Q2 +11% YoY; H1 +4% YoY |
|---|---|
| Margins | Q2 EBITDA margin 24.7%, down from 29.1% QoQ |
| Demand visibility | Domestic soda ash demand healthy medium-long term; India 5-6% growth |
| Management confidence | Confident navigating near-term cyclicality; no numeric guidance |
Growth
Q2 revenue +11% YoY, EBITDA +16%, PAT +19%. H1 revenue +4%, adjusted PAT +10%. EBITDA down 13% QoQ.
Outlook
No explicit numeric guidance. Capex: Zara Zumara salt works ₹350cr, salt expansion ₹105cr, rail siding ₹88cr.
Risks
Global soda ash oversupply, soft realisations, monsoon seasonality, rising energy and raw material costs.
Last quarter's promises, checked
Delivered
- Vacuum salt commercial production guided Q2 FY27 → live Aug 2026 (= BEAT)
- Margin to 'moderate from current level' (Q1 29.1%) → Q2 24.7% (= BEAT)
Partly delivered
- FY27 capex ₹140-150cr guided → H1 growth capex ₹68cr (= PARTIAL, H1 only)
Missed
- Bromine commercial production guided Q2 FY27 → live Oct 2026 (= MISS)
Investor Presentation filed with BSE, NSE: GHCL. Summary written with AI assistance from the document.
GHCL Ltd: key numbers
- Share price
- ₹395.40
- Market cap
- ₹3,643 Cr
- Revenue (annual)
- ₹3,064 Cr
- Net profit (annual)
- ₹478.8 Cr
- P/E (TTM)
- 6.7×Sector 33.6×
- Promoter holding
- 19.83%+0.00% QoQ
- FII holding
- 21.99%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from GHCL Ltd
All →GHCL Earnings Call Transcript: Key Takeaways
Revenue grew 11% YoY despite global oversupply in Soda Ash.
GHCL Results Update
GHCL's Q2 FY27 standalone PAT rose 19% year-on-year to Rs.127 crore on Rs.821 crore revenue. Figures come from a press release, not the full results statement.
GHCL Q2 FY27 Results: Net Profit ₹127.4 Cr, Up 18.6% YoY
GHCL Ltd reported revenue from operations of ₹808 Cr (+12.0% YoY) and net profit of ₹127.4 Cr (+18.6% YoY) for Q2 FY27.
- Key figure
- Net profit ₹127.4 Cr · +18.6% YoY
GHCL Board Meeting Date
GHCL scheduled its 219th Board Meeting for October 31, 2026, to consider Q1 FY27 unaudited results. Trading window remains closed until November 2, 2026.
GHCL Production Started
GHCL commenced commercial production of Bromine on October 12, 2026, with annual capacity of 2800 MT. The product targets both domestic and international markets.
- Bromine annual production capacity
- 2800 MT
GHCL Product Launch
GHCL launches Liquid Bromine (Br2) for domestic and international markets. Annual capacity of 2,800 MT strengthens its commodity chemicals portfolio.
- Bromine production capacity
- 2800 MT