Prasol Chemicals September profit rises 122% to Rs 37.975 crore

Prasol Chemicals Limited reported September-quarter profit after tax of Rs 37.975 crore, up 122% year-on-year, as revenue from operations rose 39% to Rs 412.566 crore. The standalone unaudited result for the quarter ended September 30, 2026 also showed profit after tax down from Rs 61.023 crore in the preceding June quarter.

What were Prasol Chemicals’ September-quarter earnings?

Prasol Chemicals reported total income of Rs 413.408 crore and profit before tax of Rs 49.920 crore for the quarter ended September 30, 2026, compared with Rs 298.167 crore and Rs 23.240 crore, respectively, in the quarter ended September 30, 2025. Revenue from operations included sales of Rs 411.175 crore and other operating income of Rs 1.391 crore, while other income was Rs 84.20 lakh.

Profit after tax rose to Rs 37.975 crore from Rs 17.112 crore a year earlier, while total tax expense increased to Rs 11.945 crore from Rs 6.128 crore. Current tax accounted for Rs 11.849 crore of the September 2026 tax charge and deferred tax accounted for Rs 96 lakh. The Board approved the standalone unaudited results on November 2, 2026 after they were reviewed and recommended by the Audit Committee.

Prasol Chemicals’ total income increased by Rs 115.241 crore year-on-year, exceeding the Rs 88.561 crore increase in total expenses. Profit before tax consequently increased by Rs 26.680 crore. Earnings per share were Rs 6.52 in the September 2026 quarter, compared with Rs 2.95 in the September 2025 quarter.

How did Prasol Chemicals compare with the June quarter?

Prasol Chemicals’ revenue from operations declined 5% from Rs 433.646 crore in the quarter ended June 30, 2026 to Rs 412.566 crore in the September quarter. Profit after tax declined 38% from Rs 61.023 crore, while profit before tax fell 40% from Rs 83.558 crore.

Total income fell by Rs 21.949 crore sequentially to Rs 413.408 crore, even as total expenses increased by Rs 11.689 crore to Rs 363.488 crore. Tax expense declined to Rs 11.945 crore from Rs 22.535 crore, but the reduction was smaller than the Rs 33.638 crore fall in profit before tax. September-quarter earnings per share of Rs 6.52 were below the June-quarter figure of Rs 10.52.

Sales declined to Rs 411.175 crore in the September quarter from Rs 432.090 crore in the June quarter. Other operating income fell to Rs 1.391 crore from Rs 1.556 crore, and other income decreased to Rs 84.20 lakh from Rs 1.711 crore. These reported movements coincided with the decline in sequential total income.

Which Prasol Chemicals cost lines changed in September?

Prasol Chemicals’ cost of materials consumed was its largest expense at Rs 257.203 crore, up from Rs 175.871 crore in the September 2025 quarter. Other expenses increased to Rs 52.074 crore from Rs 41.213 crore, employee-benefit expense rose to Rs 14.453 crore from Rs 10.715 crore, and depreciation and amortisation increased to Rs 6.974 crore from Rs 6.185 crore.

Purchases of stock-in-trade declined to Rs 43.468 crore from Rs 54.475 crore a year earlier. Changes in inventories of finished goods and work-in-progress reduced expenses by Rs 12.397 crore, compared with a reduction of Rs 15.676 crore in the prior-year period. Finance costs fell to Rs 1.713 crore from Rs 2.144 crore.

Against the June 2026 quarter, materials consumed increased from Rs 220.541 crore to Rs 257.203 crore. Purchases of stock-in-trade fell from Rs 87.763 crore to Rs 43.468 crore, while other expenses declined from Rs 60.970 crore to Rs 52.074 crore. Inventory changes moved from a Rs 39.199 crore reduction in expenses in June to a Rs 12.397 crore reduction in September.

What do Prasol Chemicals’ half-year figures show?

Prasol Chemicals reported revenue from operations of Rs 846.212 crore for the half year ended September 30, 2026, up from Rs 617.210 crore in the corresponding 2025 half year. Total income rose to Rs 848.765 crore from Rs 618.603 crore, while total expenses increased to Rs 715.287 crore from Rs 562.579 crore.

Half-year profit before tax was Rs 133.478 crore, compared with Rs 56.024 crore a year earlier, and profit after tax rose to Rs 98.998 crore from Rs 41.450 crore. The half-year tax charge was Rs 34.480 crore, including current tax of Rs 34.008 crore and deferred tax of Rs 47.20 lakh. Half-year earnings per share were Rs 12.03, compared with Rs 7.15 in the corresponding period.

Net cash used in operating activities was Rs 11.714 crore for the half year, compared with net cash generated from operating activities of Rs 7.208 crore a year earlier. The cash-flow statement recorded a Rs 147.895 crore increase in inventories and a Rs 73.469 crore increase in trade receivables and other receivables, partly offset by a Rs 96.917 crore increase in trade payables.

What changed in Prasol Chemicals’ capital and balance sheet?

Prasol Chemicals completed an initial public offering during the September quarter, issuing 7,396,437 equity shares at Rs 676 each for an aggregate Rs 500 crore. The offering comprised an offer for sale of Rs 420 crore by selling shareholders and a fresh issue of Rs 80 crore. The shares were listed on the National Stock Exchange of India and BSE on September 16, 2026.

The fresh issue resulted in the allotment of 1,183,431 equity shares on September 11, 2026, and IPO expenses of Rs 2.927 crore, net of the selling shareholders’ share, were adjusted against the securities premium account. Paid-up share capital stood at Rs 11.837 crore on September 30, 2026, compared with Rs 11.600 crore on March 31, 2026.

Total assets were Rs 1,070.755 crore at September 30, 2026, compared with Rs 839.275 crore at March 31, 2026. Inventories increased to Rs 301.133 crore from Rs 153.238 crore and trade receivables rose to Rs 351.952 crore from Rs 278.686 crore. Total equity increased to Rs 617.399 crore from Rs 448.505 crore, while current borrowings rose to Rs 68.787 crore from Rs 63.061 crore.

Conclusion

Prasol Chemicals’ September-quarter results showed that year-on-year revenue growth of 39% was accompanied by a 122% rise in profit after tax to Rs 37.975 crore. The quarter was weaker than June 2026 on a sequential basis, however, as revenue from operations declined and total expenses increased, reducing profit after tax from Rs 61.023 crore.

The next comparison will need to account for the filing’s disclosure that the September 2025 quarterly and half-year figures were approved by the Board but were not subject to limited review or audit. Prasol Chemicals has also completed its Rs 500 crore IPO and listed on September 16, 2026, with the Rs 80 crore fresh issue and related capital changes now reflected in the reported balance sheet.