Privi Speciality Chemicals Limited profit rises 30% in September quarter

Privi Speciality Chemicals Limited reported consolidated net profit of Rs 117.53 crore for the quarter ended September 30, 2026, compared with Rs 90.21 crore a year earlier, a rise of about 30%. Privi Speciality Chemicals’ revenue from operations increased 12% to Rs 760.45 crore, while profit before tax reached Rs 158.55 crore.

How did Privi Speciality Chemicals perform in the September 2026 quarter?

Privi Speciality Chemicals reported revenue from operations of Rs 760.45 crore for the quarter ended September 30, 2026, up from Rs 678.71 crore in the corresponding quarter of 2025. Total income, including Rs 12.71 crore of other income, was Rs 773.16 crore, compared with Rs 678.82 crore a year earlier. Net profit increased by Rs 27.32 crore year on year to Rs 117.53 crore.

Privi Speciality Chemicals also improved on the preceding June 2026 quarter, when revenue from operations was Rs 666.22 crore and net profit was Rs 82.84 crore. Profit before tax rose from Rs 113.37 crore in June to Rs 158.55 crore in September. Current tax was Rs 42.14 crore in the September quarter, while deferred tax was a credit of Rs 1.12 crore.

What cost movements accompanied Privi Speciality Chemicals’ revenue growth?

Privi Speciality Chemicals’ total expenses rose to Rs 614.62 crore from Rs 553.75 crore in the September 2025 quarter. Cost of materials consumed, its largest reported expense line, increased to Rs 421.48 crore from Rs 371.67 crore. The Rs 49.81 crore rise in materials costs was larger than the Rs 5.44 crore increase in power and fuel expense, which reached Rs 50.93 crore.

Employee benefits expense was Rs 29.81 crore, against Rs 29.02 crore a year earlier, and depreciation and amortisation increased to Rs 37.04 crore from Rs 35.60 crore. These increases were partly offset by other expenses falling to Rs 75.16 crore from Rs 87.31 crore and finance cost declining to Rs 16.90 crore from Rs 21.47 crore. Changes in inventories reduced expenses by Rs 16.73 crore, compared with a Rs 37.37 crore reduction a year earlier.

What were Privi Speciality Chemicals’ first-half results?

Privi Speciality Chemicals reported revenue from operations of Rs 1,426.67 crore for the half year ended September 30, 2026, compared with Rs 1,237.53 crore in the corresponding 2025 period. Net profit increased to Rs 200.37 crore from Rs 147.76 crore, while profit before tax rose to Rs 271.92 crore from Rs 206.25 crore. Total income was Rs 1,454.59 crore, including Rs 27.92 crore of other income.

First-half expenses were Rs 1,182.67 crore, compared with Rs 1,039.83 crore a year earlier. Materials consumed rose to Rs 818.37 crore from Rs 677.43 crore, while power and fuel expense increased to Rs 96.87 crore from Rs 84.38 crore. Finance cost declined to Rs 33.65 crore from Rs 45.14 crore, and other expenses fell to Rs 141.67 crore from Rs 172.54 crore.

Net profit attributable to owners of Privi Speciality Chemicals was Rs 201.23 crore for the half year, compared with Rs 155.84 crore in the prior-year period. The non-controlling interest recorded a loss of Rs 0.86 crore, compared with a loss of Rs 8.08 crore a year earlier. Total comprehensive income was Rs 200.91 crore, versus Rs 148.00 crore in the corresponding half of 2025.

How did Privi Speciality Chemicals’ cash flow and balance sheet change?

Privi Speciality Chemicals generated net cash from operating activities of Rs 360.26 crore in the half year ended September 30, 2026, up from Rs 234.89 crore in the comparable period. Cash generated from operating activities before income taxes was Rs 444.40 crore, compared with Rs 281.29 crore. Income taxes paid increased to Rs 84.14 crore from Rs 46.40 crore.

Net cash used in investing activities was Rs 220.21 crore, compared with Rs 133.29 crore a year earlier. Purchases of property, plant and equipment, capital work-in-progress, intangible assets and related capital advances were Rs 214.82 crore, up from Rs 154.86 crore. Net cash used in financing activities narrowed to Rs 110.19 crore from Rs 135.45 crore, including Rs 39.06 crore of dividends paid.

Total assets were Rs 3,370.57 crore at September 30, 2026, compared with Rs 3,169.82 crore at March 31, 2026. Capital work-in-progress increased to Rs 453.01 crore from Rs 297.65 crore, while property, plant and equipment declined to Rs 1,044.38 crore from Rs 1,114.68 crore. Cash and cash equivalents rose to Rs 73.95 crore from Rs 44.09 crore, and total equity increased to Rs 1,602.46 crore from Rs 1,440.61 crore.

What business scope and review did Privi Speciality Chemicals disclose?

Privi Speciality Chemicals said the group operates in a single segment, Aroma Chemical, under Indian Accounting Standard 108 on operating segments. The consolidated results include Privi Biotechnologies Private Limited, Privi Speciality Chemicals USA Corporation and Prigiv Specialties Private Limited. The filing therefore does not provide revenue or profit by separate operating segment.

Privi Speciality Chemicals’ audit committee reviewed, and its board approved, the unaudited consolidated results on October 29, 2026. B S R & Co. LLP issued an unmodified limited-review conclusion. The auditor said three subsidiaries, whose interim results were reviewed by other auditors, had total assets before consolidation adjustments of Rs 599.08 crore at September 30, 2026 and quarterly revenue of Rs 189.00 crore.

What is the status of Privi Speciality Chemicals’ amalgamation scheme?

Privi Speciality Chemicals said a meeting of equity shareholders was convened on October 27, 2026 following a National Company Law Tribunal order dated September 7, 2026. Shareholders passed the resolution approving the Scheme of Amalgamation with the requisite majority. The results filing did not identify the entities covered by the scheme or provide an implementation date.

The shareholder vote occurred two days before the board approved the September-quarter results on October 29, 2026. Privi Speciality Chemicals disclosed no financial effect of the proposed amalgamation within the Rs 1,426.67 crore first-half revenue or Rs 200.37 crore first-half net profit reported in the filing.

Conclusion

Privi Speciality Chemicals combined a 12% year-on-year increase in September-quarter revenue with a 30% increase in consolidated net profit. Materials, power and fuel, and depreciation costs rose, but lower finance cost and other expenses accompanied profit before tax increasing to Rs 158.55 crore from Rs 125.07 crore.

The next disclosed matter to watch is the Scheme of Amalgamation, which shareholders approved on October 27, 2026 after the September 7, 2026 tribunal order. Privi Speciality Chemicals did not disclose an implementation timetable or financial impact, leaving subsequent progress on the scheme unresolved in this filing.