Mumbai–Epigral Limited reported a 37.9% decline in consolidated net profit to Rs 99.7 crore for the first quarter of fiscal 2027, compared with Rs 160.7 crore in the same period a year earlier.
Revenue from operations, however, increased 16.3% to Rs 705.4 crore during the April-June quarter from Rs 606.5 crore in the corresponding quarter of fiscal 2026, according to a stock exchange filing.
Epigral Chairman and Managing Director Maulik Patel said the integrated chemical manufacturer delivered steady growth despite significant economic volatility caused by geopolitical tensions in West Asia.
“The quarter was marked by fluctuations in raw material and finished goods prices, alongside elevated freight costs and shipment delays,” Patel said.
“While geopolitical challenges persist, operating conditions have stabilised. Backed by India’s strong economic growth trajectory, management maintains a positive outlook,” he added.
Earnings before interest, taxes, depreciation and amortization rose 9.7% to Rs 179.2 crore from Rs 163.4 crore a year earlier.
The EBITDA margin narrowed to 25.4% from 26.9%, indicating that rising costs and pricing pressures weighed on profitability despite higher sales.
Epigral’s board also approved the company’s entry into the epoxy resin and formulations business, with a planned annual production capacity of 125,000 metric tons.
The epoxy resin project and a new multipurpose plant will require an estimated capital investment of about Rs 600 crore. Epigral expects to commission both facilities during the second half of fiscal 2028.
The expansion will move the company further into advanced materials and specialty chemicals, serving industries including construction, renewable energy, automotive, electronics, infrastructure, marine, aerospace and semiconductors.
Epoxy resins are used in products such as wind turbine blades, industrial coatings, reinforced polymers, tile adhesives, electrical insulation, chemical storage systems, marine structures and automotive components.
Epigral said domestic demand is expected to remain strong because of infrastructure development, manufacturing expansion and continued investment in renewable energy. (Source: IANS)
