| Revenue growth | 11% YoY growth to ₹821 Cr; steady performance. |
|---|---|
| Margins | Q2 EBITDA margin 24.7%; likely to moderate in Q3. |
| Demand visibility | Solar glass demand expected to surge 5% by FY28. |
| Management confidence | Balanced, focused on cost efficiency amid soft pricing cycle. |
Growth
Growth driven by volume; H1 EBITDA margins improved to 26.9%.
Outlook
Vacuum salt plant targets full capacity by end of FY27.
Risks
Global Soda Ash oversupply persists; Q3 margins threatened by higher costs.
Last quarter's promises, checked
Delivered
- Vacuum Salt & Bromine commercial production guided Q2 FY27 → commenced (= BEAT)
- Margin to moderate from Q1 29.1% → Q2 EBITDA 24.7% (= BEAT)
Partly delivered
- Vacuum Salt full capacity guided in FY27 → target only, not yet reached (= PARTIAL)
- Vacuum Salt + Bromine revenue ₹160–170 Cr, 40–45% EBITDA at full use in FY28 → unverifiable yet (= PARTIAL)
Missed
- FY27 capex guided ₹140–150 Cr → ₹450 Cr salt works expansion + ₹88 Cr railway siding (= MISS)
Earnings Call Transcript filed with NSE, 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 Investor Presentation: Key Takeaways
Q2 FY27 revenue ₹821cr (+11% YoY), EBITDA ₹202cr (24.7% margin), PAT ₹127cr (+19% YoY). Vacuum salt live; bromine commissioned Oct 2026.
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