Bodal Chemicals FY26: Revenue rises 17 percent as margins improve, but Saykha pressures remain

FY26 consolidated total revenue was Rs 20,538.9 million, EBITDA was Rs 2,028.5 million and PAT was Rs 478.3 million.

Q4 FY26 consolidated total revenue was Rs 5,906.0 million, EBITDA was Rs 711.5 million and PAT was Rs 320.6 million.

FY26 revenue by segment (consolidated) was Basic Chemicals Rs 1,655 million, Dyestuff Rs 5,294 million, Dye Intermediates Rs 7,097 million and Chlor Alkali Rs 3,387 million.

FY26 mix shown in the presentation was 79% domestic and 21% export (export data noted as per standalone).

Management stated production levels were satisfactory and compliant with quality standards, but margins were under pressure due to competition, subdued demand and higher raw material prices, with expectation of gradual QoQ improvement.

Net debt to equity improved to 0.67x in FY26 from 0.79x in FY25, and net working capital days improved to 104.8 in FY26 from 124.9 in FY25.