Asahi Songwon Colors Q2 Profit Rises 609% to ₹14.9 Crore

Asahi Songwon Colors Limited reported consolidated Q2 FY27 net profit of ₹14.9 crore, up 609.5% year on year, as revenue from operations rose 66.6% to ₹201.4 crore. The dyes and pigments maker will discuss its first-half performance and outlook with investors and analysts on November 19, 2026.

What did Asahi Songwon Colors report in Q2 FY27?

Asahi Songwon Colors reported consolidated revenue from operations of ₹201.4 crore for the quarter ended September 30, 2026, compared with ₹120.9 crore in Q2 FY26. Total income was ₹203.5 crore, including other income of ₹2.2 crore, while profit before tax increased to ₹20.0 crore from ₹3.6 crore a year earlier.

Net profit stood at ₹14.9 crore against ₹2.1 crore in the comparable quarter of the previous financial year. Earnings per share rose to ₹12.78 from ₹1.91. The company’s board approved the unaudited standalone and consolidated results at its meeting on November 12, 2026.

The quarter also showed revenue growth from the immediately preceding quarter. Revenue from operations increased 6.6% from ₹188.9 crore in Q1 FY27, although profit declined from ₹19.0 crore in the June quarter. This indicates that the sales expansion continued into the September quarter while profitability moderated sequentially.

How did revenue, profit and margins change?

Revenue and profit increased sharply from a low base in Q2 FY26, but margins and earnings were lower than in Q1 FY27. Operating profit, measured as EBITDA excluding other income, was ₹24.8 crore, up 161.1% year on year from ₹9.5 crore.

The corresponding EBITDA margin was 12.3%, an improvement of 440 basis points from the year-earlier period. However, it was lower than the 16.8% margin reported in Q1 FY27, a sequential contraction of about 450 basis points. Operating profit also declined 22.1% quarter on quarter.

The reported operating margin in the quarterly financial summary was 9.8%, compared with 2.9% in Q2 FY26 and 13.4% in Q1 FY27. The difference between this measure and the EBITDA margin reflects the distinct profit measures reported in the available results data. Finance costs were ₹2.3 crore, while the effective tax rate was 25.6%, compared with 41.9% a year earlier.

Which business segment drove quarterly revenue?

The Pigments segment was the principal contributor, generating revenue of ₹163.7 crore in Q2 FY27. It accounted for 81.3% of total revenue and recorded year-on-year growth of 71.7%.

The segment result for Pigments was ₹21.0 crore, with a segment result margin of 12.8%. Its result increased 255.3% from the year-earlier quarter, according to the results analysis. The concentration of revenue in this segment makes its sales and cost trends particularly relevant to the company’s consolidated performance.

For the first half of FY27, Asahi Songwon Colors reported revenue of ₹390.3 crore and net profit of ₹34.3 crore. The half-year profit translated into a reported PAT margin of 8.79%. These figures provide the context for the company’s planned H1 FY27 management discussion.

When is Asahi Songwon Colors holding its earnings call?

Asahi Songwon Colors has scheduled its Q2 and H1 FY27 earnings conference call for November 19, 2026, at 4:00 PM IST. The company has invited shareholders, investors and analysts to hear management discuss the financial performance and future outlook.

Management participation is expected from the chief executive officer, chief financial officer and company secretary. The company announced the call after reporting its results on November 12, 2026. No detailed management commentary, guidance or targets were provided in the available announcement.

The call is relevant because the September-quarter numbers combine strong year-on-year growth with a decline in profit and operating margin from Q1 FY27. Investors may seek further detail on the factors behind the sequential margin movement, material-cost trends and conditions affecting the pigments business.

What does the quarter mean for investors and operations?

The quarter shows that Asahi Songwon Colors expanded sales materially from both the year-earlier period and the June quarter. The 66.6% increase in revenue and rise in net profit to ₹14.9 crore improved the company’s year-on-year financial comparison, while the Pigments segment remained the main source of revenue.

At the same time, the sequential comparison was less favourable. Net profit declined 20.8% from Q1 FY27, while operating profit fell 22.1% and the EBITDA margin reduced from 16.8% to 12.3%. These reported movements are important for assessing whether the higher revenue level is translating into sustained profitability.

For shareholders and market participants, the November 19 call is the next disclosed opportunity to hear management’s explanation of the H1 FY27 performance. The available information does not provide an outlook beyond the planned discussion, so any assessment of future financial performance would require further company disclosures.

Conclusion

Asahi Songwon Colors delivered a substantially stronger Q2 FY27 than the year-earlier quarter, with revenue reaching ₹201.4 crore and net profit rising to ₹14.9 crore. Higher sales, improved year-on-year operating profitability and lower reported tax rates supported the increase, while the Pigments segment contributed more than four-fifths of revenue.

The main item to watch next is the November 19, 2026 earnings conference call, when management is scheduled to discuss H1 FY27 results and future outlook. Investors will have the reported sequential decline in net profit and operating margin, alongside the company’s revenue momentum, as the key issues for that discussion.