| Revenue growth | ₹1,083 Cr revenue, +55% YoY; price pass-through contributed heavily. |
|---|---|
| Margins | Specialty margin ~12% H1, down sharply; hedge costs drag; mid-teens targeted. |
| Demand visibility | Mixed: industrial up post-Diwali; agro and pharma mixed; customers buying hand-to-mouth. |
| Management confidence | Confident but evasive on margin spreads; relies on 'resilience across cycles'. |
Growth
Revenue +55% YoY, with volume ~18-20% and the rest from price. EBITA ₹108 Cr, +191% YoY off a weak base.
Outlook
Hedge customer ramp from Q4; Project VAYU commissioning Q3; FY28 first full-revenue year. No numeric growth guidance given.
Risks
Specialty margin ~12% in H1 with hedge fixed costs; elevated working capital; spread question answered without numbers; shipping volatility.
Last quarter's promises, checked
Delivered
- Term debt peak ~INR6,100mn → ~₹610 Cr (= BEAT)
- Net debt/equity ~0.3x → 0.28x (= BEAT)
Partly delivered
- Dahej Ph2 85% capex capitalized in Q2 → hedge plant partly commissioned (= PARTIAL)
- Project VAYU mechanical completion early Q3 → commissioning Q3 reaffirmed, not yet proven (= PARTIAL)
- Dahej Ph2 customer ramp-up Q4 → hedge customer ramp from Q4 reaffirmed (= PARTIAL)
Missed
- Specialty margin 20-25% ambition → ~12% H1, mid-teens target (= MISS)
- Working capital to normalize over time → still elevated (= MISS)
Earnings Call Transcript filed with NSE, NSE: LXCHEM. Summary written with AI assistance from the document.
Laxmi Organic Industries Ltd: key numbers
- Share price
- ₹163.16
- Market cap
- ₹4,534 Cr
- Revenue (annual)
- ₹2,847 Cr
- Net profit (annual)
- ₹79.36 Cr
- P/E (TTM)
- 26.4×Sector 34.8×
- Promoter holding
- 69.16%-0.18% QoQ
- FII holding
- 0.93%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Laxmi Organic Industries Ltd
All →Laxmi Organic Industries Annual General Meeting
Laxmi Organic has dispatched a postal ballot notice seeking shareholder approval for the MD & CEO reappointment of Harshvardhan Goenka and the appointment of Rajesh Naik as Executive Director. E-voting runs 7 November to 6 December 2026.
Laxmi Organic Industries Other Announcement
Laxmi Organic submitted a Monitoring Agency report confirming no deviation in its 2023 QIP proceeds for the quarter ended September 2026. This is a routine Regulation 32 compliance filing with no new business event.
Laxmi Organic Industries Investor Presentation: Key Takeaways
Q2 FY27 revenue INR 10,827 Mn (+54.7% YoY), PAT INR 570 Mn (+417.6%), EBITDA margin 10.0%. H1 FY27 posted record half-yearly revenue and EBITDA.
Laxmi Organic Industries Management Change
Laxmi Organic appointed Rajesh Naik as Executive Director (Operations) for five years. He brings 34 years of chemical industry experience, including senior BASF leadership.
- Execution
- 60 months
Laxmi Organic Industries Q2 FY27 Results: Net Profit ₹57 Cr, Up 418.2% YoY
Laxmi Organic Industries Ltd reported revenue from operations of ₹1,083 Cr (+54.7% YoY) and net profit of ₹57 Cr (+418.2% YoY) for Q2 FY27.
- Key figure
- Net profit ₹57 Cr · +418.2% YoY
Laxmi Organic Industries Board Meeting Date
Laxmi Organic Industries intimated that its Board will meet on 05/11/2026 to consider unaudited financial results for Q1 and H1 FY27. No material decision has been reported yet.