GACL Q2 FY27: Consolidated PAT surges to ₹82.6 Cr (+405% YoY) as margins expand

Gujarat Alkalies and Chemicals posted consolidated PAT of ₹82.57 Cr for Q2 FY27 against ₹16.34 Cr a year ago (+405.4% YoY), on revenue of ₹1,357.50 Cr versus ₹1,083.19 Cr (+25.3% YoY). Sequentially, PAT rose 50.2% from ₹54.98 Cr in Q1 FY27 and revenue grew 9.0% from ₹1,244.91 Cr. Consolidated EPS came in at ₹11.24 versus ₹2.23 a year ago; standalone PAT was ₹79.24 Cr (+386.7% YoY) with EPS of ₹10.79, broadly tracking the consolidated print. Net profit margin expanded to 5.86% from 1.43% YoY, and operating margin (EBITDA/revenue) to 12.52% from 6.82% YoY — both off a weak year-ago base when cost growth had outpaced revenue. Sequentially, however, OPM eased from 17.81% in Q1 FY27 to 12.52% this quarter, and the QoQ rise in NPM (4.39% to 5.86%) owed more to other income jumping to ₹51.94 Cr from just ₹7.65 Cr in Q1 than to core operating improvement. Power, fuel & utilities cost rose 37.5% YoY to ₹421.81 Cr, outpacing the 25.3% revenue growth and remaining the chief margin headwind even as overall profitability improved. Management has no formal guidance on record for this quarter, and no analyst consensus estimates for Q2 FY27 were found publicly ahead of the print, so the result cannot be benchmarked against a specific prior number or street expectation — both read as unknown. The quarter closed alongside capacity-expansion moves relevant to the cost pressures above: a 6.6 MW captive hybrid power unit went operative on October 29, 2026, and the company broke ground on a 33,870 TPA phosphoric acid plant on October 22, 2026. The trading window was closed October 1–November 7 around the results, and GACL received a Crisil ESG score of 62 (Strong) on October 13, 2026.