Jocil posts Q2 loss as revenue drops and profit reverses

Jocil Limited posted a Rs 2.1028 crore loss for the quarter ended 30 September 2026, reversing profits in both comparison quarters, as revenue from operations fell to Rs 236.5897 crore from Rs 253.0643 crore in the June 2026 quarter. Total expenses of Rs 239.9407 crore exceeded total revenue of Rs 237.1306 crore.

Why did Jocil report a loss in Q2?

Jocil reported a loss because total expenses exceeded total revenue by Rs 2.8101 crore in the quarter ended 30 September 2026. The company recorded a pre-tax loss of Rs 2.8101 crore, against pre-tax profits of Rs 2.9059 crore in the quarter ended 30 June 2026 and Rs 2.5044 crore in the quarter ended 30 September 2025. The filing reported no exceptional items.

Profit after tax moved to a Rs 2.1028 crore loss from a Rs 2.1745 crore profit in the preceding quarter and a Rs 1.8766 crore profit a year earlier. The tax line was a Rs 0.7863 crore credit in the September 2026 quarter, including a Rs 0.7819 crore current-tax credit and a Rs 0.0746 crore deferred-tax charge. Basic and diluted earnings per share were a negative Rs 2.37, compared with Rs 2.45 in June 2026.

Revenue from operations declined Rs 16.4746 crore sequentially to Rs 236.5897 crore, although it remained above Rs 215.7838 crore in the September 2025 quarter. Other income was Rs 0.5409 crore, compared with Rs 0.5715 crore in June 2026 and Rs 0.3077 crore a year earlier. Total expenses decreased Rs 10.7892 crore from the June quarter, but that reduction was smaller than the fall in revenue.

Which Jocil segments saw the biggest revenue changes?

Jocil's soap and power-generation segments reported lower revenue both sequentially and year on year in the September 2026 quarter. Soap revenue was Rs 119.5016 crore, down from Rs 157.5852 crore in June 2026 and Rs 142.0939 crore in September 2025. Power-generation revenue fell to Rs 7.6845 crore from Rs 9.4494 crore sequentially and Rs 14.2469 crore a year earlier.

Chemicals revenue was Rs 195.7264 crore, rising from Rs 189.6556 crore in the June 2026 quarter but marginally below Rs 196.0937 crore a year earlier. Chemicals nevertheless reported a segment loss of Rs 0.2295 crore, compared with segment profits of Rs 1.8941 crore in June 2026 and Rs 2.9388 crore in September 2025. The segment disclosure does not provide a separate revenue or sales-volume figure for HPFAD.

Soap segment profit was Rs 0.1564 crore, compared with Rs 3.9008 crore in the preceding quarter and Rs 0.7496 crore in the year-earlier quarter. Power generation contributed Rs 0.3111 crore of segment profit, versus Rs 0.2591 crore sequentially and Rs 1.5754 crore a year earlier. Combined segment profit was Rs 0.2380 crore, while other unallocable expenditure net of unallocable income was Rs 3.0922 crore.

How did Jocil perform in the first half of 2026-27?

Jocil reported profit after tax of Rs 7.17 lakh for the half year ended 30 September 2026, down from Rs 4.0226 crore in the corresponding prior-year half. Revenue from operations was Rs 489.6540 crore, compared with Rs 515.7276 crore in the half year ended 30 September 2025. Total revenue also declined to Rs 490.7664 crore from Rs 516.5261 crore.

Pre-tax profit decreased to Rs 0.0958 crore in the latest half from Rs 5.4705 crore a year earlier. Total expenses fell to Rs 490.6706 crore from Rs 511.0556 crore, leaving only a narrow surplus before tax. The six-month outcome combined a Rs 2.9059 crore pre-tax profit in the June 2026 quarter with the Rs 2.8101 crore pre-tax loss in the September quarter.

Chemicals revenue for the six months was Rs 385.3820 crore, down from Rs 420.7833 crore a year earlier, while power-generation revenue declined to Rs 17.4939 crore from Rs 21.1488 crore. Soap revenue was Rs 277.4868 crore, slightly above Rs 277.2518 crore in the prior-year half. Chemicals segment profit declined to Rs 1.6646 crore from Rs 5.1597 crore, and power-generation segment profit decreased to Rs 0.5742 crore from Rs 3.7272 crore.

What do Jocil's balance sheet and cash flow show?

Jocil reported total assets of Rs 275.4043 crore at 30 September 2026, compared with Rs 300.6355 crore at the audited comparison date of 31 March 2025 stated in the balance-sheet disclosure. Cash and cash equivalents were Rs 6.8408 crore, down from Rs 14.0279 crore, while current investments fell to Rs 13.4641 crore from Rs 36.5239 crore.

Inventories were Rs 100.4181 crore at 30 September 2026, little changed from Rs 100.1024 crore at the comparison date. Trade receivables increased to Rs 100.6017 crore from Rs 99.8850 crore. Total equity was Rs 212.0612 crore, compared with Rs 213.3937 crore, while total liabilities declined to Rs 63.3431 crore from Rs 87.2418 crore.

For the half year ended 30 September 2026, net cash used in operating activities was Rs 26.7182 crore, compared with Rs 41.2184 crore used in the prior-year half. The cash-flow statement recorded a Rs 7.1871 crore net decrease in cash and cash equivalents, ending at Rs 6.8408 crore. Dividends paid were Rs 3.1084 crore in the latest half, compared with Rs 0.4444 crore in the prior-year period.

Conclusion

Jocil's September 2026 quarter reversed from profit to a Rs 2.1028 crore loss as revenue from operations fell Rs 16.4746 crore from the June quarter and expenses remained above total revenue. Soap and power-generation revenue declined against both comparison quarters, while chemicals shifted to a Rs 0.2295 crore segment loss despite higher sequential revenue.

The disclosure provides no product-level HPFAD revenue or volume figure, recovery target, or operating plan. The next reported results will therefore be relevant for tracking chemicals segment profitability, soap and power-generation revenue, and whether cash and cash equivalents recover from the Rs 6.8408 crore reported at 30 September 2026.