Atul Ltd Q4 FY26 – Results Analysis

key financial highlights

• Revenue from Operations:
  • Total Income (Q4 FY26): ₹1,759.64 Crore
    • QoQ Growth: +9.07%
    • YoY Growth: +17.28%
  • Previous Quarter (Q3 FY26): ₹1,612.21 Crore
  • Previous Year (Q4 FY25): ₹1,500.34 Crore
• Profit After Tax (PAT):
  • PAT (Q4 FY26): ₹211.12 Crore
    • QoQ Growth: +29.10%
    • YoY Growth: +62.23%
  • Previous Quarter (Q3 FY26): ₹163.54 Crore
  • Previous Year (Q4 FY25): ₹130.13 Crore
• Trend
  • Revenue: Increasing
  • Profit: Strong growth

Margin Analysis

Key Drivers:

• Better product mix (specialty chemicals)
• Improved operating leverage
• Stable raw material costs

Key Signal: Profit growth outpacing revenue indicates margin recovery phase underway

Segment insight

Business driven by:

• Life Science Chemicals
• Performance & Other Chemicals

Insights:

• Performance chemicals segment remains major revenue contributor
• Life science segment showing stable growth

Characteristics:

• Diversified chemical portfolio
• Export-oriented exposure
• Cyclical + specialty mix

Earning quality check

Drivers:

• Earnings backed by:
  • Core operations
  • Improved efficiency
• Supported by:
  • Stable working capital
  • Healthy operating cash flow (~₹1,022 Cr annually)

Interpretation:

• Earnings quality is high and sustainable

balance sheet Analysis

• Total Assets: ₹7,900.49 Crore
• Total Liabilities: ₹1,603.96 Crore

Insight:

• Strong equity base (~₹6,296 Crore)
• Low leverage
• Healthy liquidity position

key risks

• Raw material price volatility
• Global demand slowdown (exports)
• Chemical industry cyclicality
• Environmental/regulatory risks

management strategy signals

• Focus Areas:
  • Specialty chemicals expansion
  • Capacity utilization
  • Cost efficiency

Financial Metrics

Quarterly Performance Context