India Pesticides Ltd Reports Q2 FY27 Revenue of ₹231 Crore

India Pesticides Ltd approved its unaudited Q2 FY27 results for the quarter ended September 30, 2026, reporting consolidated revenue of ₹231.31 crore and consolidated profit after tax of ₹18.42 crore. The disclosure gives investors the company’s latest financial position after Q1 FY27 revenue and profitability declined from the preceding periods.

What did India Pesticides Ltd report for Q2 FY27?

India Pesticides Ltd reported standalone revenue of ₹228.83 crore and consolidated revenue of ₹231.31 crore for Q2 FY27. Standalone profit after tax stood at ₹19.36 crore, while consolidated profit after tax was ₹18.42 crore. The board approved the unaudited standalone and consolidated financial statements at its meeting on November 3, 2026.

The results cover the quarter and half-year ended September 30, 2026. The filing also includes comparative half-year figures, although the provided disclosure does not specify those figures. The difference between standalone and consolidated revenue was ₹2.48 crore, while consolidated profit after tax was ₹0.94 crore lower than standalone profit after tax.

How were the Q2 FY27 results approved and reviewed?

IPL’s board considered and approved the unaudited financial results for the September quarter and first half of FY27 on November 3. The company had informed the exchanges on October 23 that the board would meet to consider the results, and it subsequently disclosed the board meeting outcome.

The company said limited assurance reports were reviewed and did not identify material misstatements in the financial information. This review forms part of the process for the quarterly financial disclosure. The board-meeting outcome also referred to a tax-demand appeal, but the supplied information does not provide the amount involved or further details of that matter.

IPL had separately informed investors on October 27 about a conference call to discuss the Q2 FY27 unaudited standalone and consolidated results. The call is scheduled for November 5, 2026, at 12:30 PM IST. It provides a forum for management to discuss the reported quarter and the half-year performance.

How does Q2 FY27 compare with IPL’s recent performance?

The Q2 filing follows a weaker Q1 FY27 reported in August 2026. IPL reported Q1 FY27 revenue of ₹256 crore, after normalising the disclosed ₹2.56 billion figure into crore, and net income of ₹22.74 crore, based on the disclosed ₹227.4 million figure. Earnings per share for the quarter were ₹1.98, compared with ₹3.03 in Q1 FY26.

The supplied Q1 data stated that revenue declined 7% year on year and net income fell 35% year on year. Profit margin was 8.9%, down from 13% in the corresponding prior-year quarter. The company attributed the margin reduction to lower revenue.

Recent quarterly information also shows a sequential decline in Q1 FY27 from the preceding quarter. Revenue was ₹252 crore in June 2026, compared with ₹266 crore in March 2026 and ₹290 crore in September 2025. Operating profit was ₹30 crore in June 2026, versus ₹37 crore in March 2026, while operating profit margin declined to 11.8% from 13.8%.

What do the Q2 FY27 figures mean for investors?

The Q2 FY27 result establishes that IPL generated consolidated revenue of ₹231.31 crore and consolidated profit after tax of ₹18.42 crore in the September quarter. Investors can compare these disclosed figures with Q1 FY27 revenue of ₹256 crore and net income of ₹22.74 crore, but the company has not provided a like-for-like Q2 FY26 comparison in the supplied material.

The available information does not state the reasons for the Q2 revenue or profit figures, segment-level performance, or management guidance. As a result, the scheduled conference call is relevant for investors seeking management commentary on demand conditions, margins, operating performance and the disclosed tax-demand appeal.

IPL’s shares were quoted at ₹116.15 on October 27, 2026, down 1.44% on the next-day-close measure shown in the supplied market update. That reading preceded the November 3 board approval and should not be treated as a market reaction to the Q2 results. No post-results share-price movement is included in the source material.

What is the broader financial context for IPL?

IPL’s recent results have shown fluctuating revenue and profitability. The company reported full-year FY26 earnings per share of ₹10.40, compared with ₹7.14 in FY25. The supplied information also states that earnings per share increased at an average annual rate of 8% over three years, while the share price fell at an average annual rate of 10% over the same period.

In an earlier reported quarter, described as Q2 2026 in the source material, IPL recorded revenue of ₹295 crore, net income of ₹31.60 crore and earnings per share of ₹2.74. Revenue was reported as 29% higher than the comparable prior-year period, while net income increased 22%, with profit margin at 11%.

These historical figures provide context for the latest disclosure, but they do not establish a forecast for future quarters. The current result and the forthcoming management discussion remain the relevant disclosed events for assessing IPL’s near-term financial performance.

Conclusion

IPL’s board approval confirms Q2 FY27 consolidated revenue of ₹231.31 crore and consolidated profit after tax of ₹18.42 crore, alongside standalone revenue of ₹228.83 crore and standalone profit after tax of ₹19.36 crore. The result follows a Q1 FY27 period in which the company reported lower revenue, net income and margin than a year earlier.

The next disclosed event is IPL’s Q2 FY27 earnings conference call on November 5, 2026, at 12:30 PM IST. Investors will watch for management’s discussion of the September-quarter performance, the half-year results, operating conditions and any further information on the tax-demand appeal.