| Metric | Value (₹ Cr) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 120.90 | 19.3% | 14.6% |
| Total Income | 122.55 | 19.0% | 14.1% |
| Expenditure | 118.94 | 19.1% | 13.3% |
| PBT | 3.61 | 14.7% | 33.1% |
| Net Profit | 2.10 | 19.2% | 36.5% |
| OPM | 7.85% | 0.81pp | 11.20pp |
| NPM | 1.71% | 0.00pp | 0.61pp |
| EPS | 1.91 | 28.7% | 41.4% |
Asahi Songwon Colors Ltd Reports Q2 & H1FY26 Results: Consolidated Revenue - INR 270.78 Cr; Consolidated EBITDA at INR 23.15 Cr
12 Nov 2025 · 12 Nov 2025, 06:33 pm
Summary
Asahi Songwon Colors Ltd, a leading manufacturer of pigments, colorants and API's, has announced its financial results for the quarter & half year ended September 30, 2025. The company reported a Y-o-Y decrease in revenue and EBITDA for both Q2FY26 and H1FY26. The API business has been operating in a challenging environment, but realisations are expected to improve in the coming quarters. The blue business has been subdued due to tariffs and a sluggish demand environment, but the company remains confident that normalcy will return. The Azo business is demonstrating encouraging progress and is expected to be PAT-positive from the next quarter onwards.
Key Highlights
- 1
Revenue for Q2FY26 was 2120.90 Cr, a Q-o-Q decrease of 19.34% and Y-o-Y decrease of 14.62%.
- 2
EBITDA for Q2FY26 was 211.14 Cr, a Q-o-Q decrease of 7.16% and Y-o-Y decrease of 23.17%.
- 3
EBITDA Margin for Q2FY26 stood at 9.09%.
- 4
Net Profit for Q2FY26 stood at %2.10 Cr, a Q-o-Q decrease of 19.18% and Y-o-Y decrease of 36.49%.
- 5
Revenue for H1FY26 was 270.78 Cr, a Y-o-Y decrease of 1.85%.
- 6
EBITDA for H1FY26 was 223.15 Cr, a Y-o-Y decrease of 20.24%.
- 7
EBITDA Margin for H1FY26 stood at 8.45%.
- 8
Net Profit for H1FY26 stood at %4.69 Cr, a Y-o-Y decrease of 38.91%.
Management Comments
Gokul Jaykrishna
Joint Managing Director and CEO
The API business continued to operate in a challenging environment during the quarter... However, a sharp correction in realisations by nearly 40%, acquisition has weighed on the segment's revenue and profitability... Encouragingly, we believe realisations have now bottomed out, and we expect gradual improvement in the coming quarters... This enhanced cash generation highlights the positive operational traction of our diversification efforts... It has also enabled us to accelerate debt repayment and strengthen our balance sheet.
Arjun G. Jaykrishna
Executive Director
In line with our stated guidance, the quarter under review was subdued for the blue business... We remain confident that normalcy will return once clarity emerges on the tariff situation and as customers deplete their existing inventories... Capacity utilisation in the blue segment continues to remain below the desired levels... On a positive note, our Azo business continues to demonstrate encouraging progress... We have strengthened our team in the Azo segment and ramped up our R&D initiatives for new product development... Alongside, ongoing process improvement and efficiency measures are expected to enhance performance and drive sustainable profitability in this segment going forward.
Informational and educational content only. Not investment advice.