Pasupati Acrylon's Q2 profit rises 16.87% as margins edge higher
Revenue growth slightly outpaced expenses, while lower interest and a 0.7-point tax-rate reduction supported the sequential profit increase.
Filed 02 Nov 2026, 15:20 IST · Pasupati Acrylon Ltd (PASUPTAC)
Key takeaways
- Standalone net profit rose 16.87% QoQ to Rs 32.01 cr as revenue grew 15.31% and expenses 15.03%.
- Operating margin improved 0.21 percentage points QoQ to 16.59%, with operating profit up 16.76%.
- The 16.59% operating margin was 1.96 percentage points above the 14.63% median for 75 reported Commodities peers.
Price around the results
Revenue growth translated into faster operating-profit growth
Pasupati Acrylon reported standalone revenue of Rs 274.74 cr in Q2FY27, up 15.31% QoQ, while operating profit grew 16.76% to Rs 45.57 cr. Expenses rose 15.03%, slightly slower than revenue, allowing operating margin to expand by 0.21 percentage points to 16.59%.
Lower interest and tax supported the profit increase
Interest expense fell 27.43% QoQ to Rs 1.64 cr, which helped profit before tax grow 15.78% to Rs 42.48 cr. The tax rate declined by 0.7 percentage points to 24.65%, helping net profit increase 16.87% to Rs 32.01 cr. Other income contributed 4.24% of pre-tax profit, so it was a limited part of the reported profit mix.
Margin stayed above the reported Commodities peer median
The company's 16.59% operating margin was 1.96 percentage points above the 14.63% median among 75 Commodities peers that had reported the same quarter. Sequentially, margin improved from 16.38% in Q1FY27, marking a second consecutive quarter represented in the available trend with a higher margin.
Q2FY27 at a glance
Standalone figures as filed with NSE — filed ahead of third-party databases, not yet independently cross-checked.
| Line item | Q2FY27 | Q1FY27 | QoQ |
|---|---|---|---|
| Revenue | ₹275 cr | ₹238 cr | +15.31% |
| Other income | ₹2 cr | ₹3 cr | -41.37% |
| Expenses | ₹229 cr | ₹199 cr | +15.03% |
| Operating profit | ₹46 cr | ₹39 cr | +16.76% |
| Operating margin (%) | 16.59% | 16.38% | — |
| Interest | ₹2 cr | ₹2 cr | -27.43% |
| Depreciation | ₹3 cr | ₹3 cr | +3.17% |
| Profit before tax | ₹42 cr | ₹37 cr | +15.78% |
| Tax | ₹10 cr | ₹9 cr | +12.58% |
| Net profit | ₹32 cr | ₹27 cr | +16.87% |
| EPS (₹) | ₹3.59 | ₹3.07 | +16.94% |
Operating margin of 16.59% compares with a Commodities sector median of 14.63% across 75 peers that have reported Q2FY27.
What to watch
- Whether operating margin holds above 16.59%.
- Whether expenses continue to grow no faster than the 15.31% QoQ revenue growth.
- Whether interest expense remains below Rs 1.64 cr and the tax rate stays near 24.65%.