IOL Chemicals profit more than doubles as income rises 39%

IOL Chemicals and Pharmaceuticals Limited reported standalone profit after tax of Rs 65.03 crore for the quarter ended September 30, 2026, up from Rs 30.00 crore a year earlier. Total income from operations increased 39.4% to Rs 800.54 crore, while profit was marginally above the Rs 64.48 crore reported in the June 2026 quarter.

How much profit did IOL Chemicals report in September 2026?

IOL Chemicals reported standalone profit after tax of Rs 65.03 crore for the quarter ended September 30, 2026, compared with Rs 30.00 crore in the quarter ended September 30, 2025. The increase of Rs 35.03 crore represented growth of 116.8% from the corresponding quarter a year earlier. Profit before tax, after exceptional and/or extraordinary items, rose to Rs 87.25 crore from Rs 40.52 crore.

Total comprehensive income, comprising after-tax profit and other comprehensive income after tax, was Rs 63.69 crore in the September 2026 quarter, against Rs 30.39 crore a year earlier. Basic and diluted earnings per equity share were Rs 2.21, compared with Rs 1.02 in September 2025. IOL Chemicals stated that earnings per share for interim periods are not annualised.

How did IOL Chemicals' income change from last year and June?

IOL Chemicals recorded standalone total income from operations of Rs 800.54 crore in the September 2026 quarter, up from Rs 574.41 crore in September 2025. The Rs 226.13 crore increase equated to 39.4% on the reported figures. The financial-results extract does not provide a product, volume, price or segment breakdown for the year-on-year movement.

Income from operations also increased from Rs 764.44 crore in the quarter ended June 30, 2026, to Rs 800.54 crore in the September quarter. That sequential rise was Rs 36.10 crore, or 4.7%. The September result therefore showed a much larger year-on-year increase than quarter-on-quarter increase in operating income.

The comparable profit movement was more limited on a sequential basis. Profit after tax rose by Rs 0.55 crore from Rs 64.48 crore in June 2026 to Rs 65.03 crore in September 2026, while profit before tax increased by Rs 0.48 crore from Rs 86.77 crore. The contrast with the Rs 35.03 crore year-on-year rise in profit after tax reflects the different comparison periods reported in the filing.

Did IOL Chemicals maintain June-quarter earnings momentum?

IOL Chemicals maintained a similar standalone profit level to the June 2026 quarter, reporting profit after tax of Rs 65.03 crore in September 2026 versus Rs 64.48 crore in June. The company also reported total comprehensive income of Rs 63.69 crore for September, compared with Rs 63.45 crore three months earlier. Both figures were above their June-quarter levels by less than Rs 1 crore.

Earnings per share increased to Rs 2.21 in the September 2026 quarter from Rs 2.20 in June 2026. The company’s equity share capital was Rs 58.71 crore at September 30, 2026, unchanged from the June 30, 2026 and September 30, 2025 periods presented. This unchanged capital figure provides the reported basis for the small sequential change in per-share earnings.

The sequential outcome differed from the year-on-year comparison. September-quarter income rose Rs 36.10 crore from June, but profit after tax increased Rs 0.55 crore; against September 2025, income rose Rs 226.13 crore and profit after tax rose Rs 35.03 crore. The announcement supplies the reported financial measures, but not an explanation for the difference between income and profit movements.

What do IOL Chemicals' half-year results show?

IOL Chemicals reported standalone total income from operations of Rs 1,564.98 crore for the half year ended September 30, 2026, compared with Rs 1,133.47 crore for the half year ended September 30, 2025. The increase was Rs 431.51 crore, or about 38.1%. First-half profit after tax rose to Rs 129.51 crore from Rs 63.96 crore in the comparable prior-year half year.

Profit before tax after exceptional and/or extraordinary items was Rs 174.02 crore for the September 2026 half year, compared with Rs 86.06 crore a year earlier. Total comprehensive income rose to Rs 127.14 crore from Rs 63.71 crore. Basic and diluted earnings per share for the first half were Rs 4.41, against Rs 2.18 in the corresponding period of 2025.

For comparison, IOL Chemicals reported standalone total income from operations of Rs 2,340.34 crore and profit after tax of Rs 137.72 crore for the year ended March 31, 2026. The first-half profit after tax of Rs 129.51 crore was Rs 8.21 crore below that full-year figure. Other equity, excluding revaluation reserve, was reported at Rs 1,739.67 crore for the year ended March 31, 2026.

How different were IOL Chemicals' consolidated results?

IOL Chemicals reported consolidated profit after tax of Rs 65.07 crore for the September 2026 quarter, Rs 0.04 crore above the standalone profit of Rs 65.03 crore. Consolidated total income from operations was Rs 800.54 crore, the same as the standalone figure. Consolidated profit before tax after exceptional and/or extraordinary items was Rs 87.29 crore, compared with Rs 87.25 crore on a standalone basis.

For the half year ended September 30, 2026, consolidated profit after tax was Rs 129.47 crore, compared with standalone profit after tax of Rs 129.51 crore. Consolidated total comprehensive income was Rs 127.10 crore, while the standalone total was Rs 127.14 crore. The differences between the published standalone and consolidated figures were therefore limited in both reported periods.

Consolidated profit after tax for the quarter ended September 30, 2025 was Rs 29.97 crore, compared with Rs 65.07 crore in September 2026. Consolidated total income from operations increased to Rs 1,564.98 crore in the September 2026 half year from Rs 1,133.47 crore a year earlier. The filing presents these measures as unaudited financial results.

What did the approval and review process cover?

IOL Chemicals said its Audit Committee reviewed and recommended the unaudited standalone and consolidated results for the quarter and half year ended September 30, 2026. The Board of Directors subsequently approved the results at its meeting on October 30, 2026. The published statement is described as an extract of the detailed format filed with stock exchanges under Regulation 33 of the Securities and Exchange Board of India listing regulations.

The statutory auditors performed a limited review and expressed an unmodified opinion on the September 2026 results, according to the announcement. The extract directs readers to the company website and the BSE Limited and National Stock Exchange of India Limited websites for the full results. It does not include a management outlook, a target or a product-level explanation for the Rs 226.13 crore year-on-year increase in September-quarter income.

Conclusion

IOL Chemicals converted a 39.4% year-on-year rise in September-quarter total income from operations to Rs 800.54 crore into a 116.8% increase in standalone profit after tax to Rs 65.03 crore. First-half income rose 38.1% to Rs 1,564.98 crore, while first-half profit after tax increased to Rs 129.51 crore from Rs 63.96 crore a year earlier.

The disclosed unresolved matter is the absence of product, volume, pricing and segment detail behind the reported increases for the quarter ended September 30, 2026. Readers can watch subsequent detailed financial disclosures for information that explains whether the income growth and the near-flat sequential profit movement from the June 2026 quarter continue.