| Metric | Value (₹ Cr) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 83.98 | 40.3% | 31.9% |
| Total Income | 84.31 | 38.4% | 32.1% |
| Expenditure | 78.22 | 41.8% | 33.5% |
| PBT | 6.09 | 6.0% | 6.3% |
| Net Profit | 4.43 | 5.7% | 6.0% |
| OPM | 8.59% | 1.08pp | 4.83pp |
| NPM | 5.25% | 1.63pp | 1.46pp |
| EPS | 0.87 | 6.1% | 5.4% |
Black Rose Industries Ltd Reports 38.46% Revenue Growth in Q2 FY26
17 Nov 2025 · 17 Nov 2025, 08:49 am
Summary
Black Rose Industries Ltd has reported a 38.46% growth in revenue for Q2 FY26. The growth was driven by strong performance in both distribution and manufacturing segments as supply constraints eased and domestic demand strengthened. The export business maintained steady growth, supported by strategic initiatives and expanded market reach.
Key Highlights
- 1
Overall revenue increased compared to the previous quarter
- 2
Strong performance in both distribution and manufacturing segments
- 3
Steady growth in the export business
- 4
Q2 FY-26 revenue stands at 84.31 Rs. crores, a 38.46% increase from Q1 FY-26
- 5
EBIDTA for Q2 FY-26 is 7.54 Rs. crores, a 9.43% increase from Q1 FY-26
- 6
PBT for Q2 FY-26 is 6.09 Rs. crores, a 5.06% increase from Q1 FY-26
- 7
PAT for Q2 FY-26 is 4.43 Rs. crores, a 4.45% increase from Q1 FY-26
- 8
Distribution segment sales rose by 19% compared to the previous quarter
- 9
Manufacturing division delivered a robust performance in Q2 FY26
- 10
Polyacrylamide liquid demand remains constrained by local unorganized manufacturing
- 11
Distribution business delivered a strong rebound in Q2 FY26, with turnover surging 60% over the previous quarter
- 12
Company is reviewing its polyacrylamide liquid binder business in Morbi
- 13
Process efficiency initiatives and portfolio diversification are expected to drive growth and margin improvement
- 14
For the upcoming quarter, the distribution business is expected to deliver steady performance
Management Comments
Ambarish Daga
The manufacturing segment is expected to deliver improved performance in the upcoming quarter. Acrylamide liquid exports are set to rise on the back of stronger international demand and broader market penetration, while N-methylol acrylamide demand is projected to recover from seasonal lows. Acrylamide solids should remain stable. The company is reviewing its polyacrylamide liquid binder business in Morbi and plans to focus on upstream acrylamide and new application areas. Alongside these strategic shifts, process efficiency initiatives and portfolio diversification are expected to drive growth and margin improvement, supported by favorable raw material prices.
Informational and educational content only. Not investment advice.