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Bhageria Industries Ltd

Q2 FY26Chemicals & Petrochemicals

Bhageria Industries Q2 FY26 earnings call: Revenue & Margins

Q2 FY26 earnings call: what management said on revenue, margins and capex.

Price₹213
Market cap₹908 Cr
P/E12.2
Updated23 Aug 2026
Read4 min read

What the Q2 FY26 call signalled

3 of 3 strong

RevenueGood growth
MarginMargins slightly up
CapexCapex planned

The short version

Bhageria Industries has experienced strong recent growth, with Q2 FY '26 revenue up 55.6% year-on-year and H1 FY '26 revenue up 48% year-on-year. Management expects margins to improve gradually, targeting around 26-27% in the medium term, though 20% EBITDA margin levels cannot be precisely predicted yet.

From Bhageria Industries Ltd's Q2 FY26 earnings-call transcript · updated 23 Aug 2026.

Revenue & Sales Performance

Good growth
  • Bhageria Industries has experienced strong recent growth, with Q2 FY '26 revenue up 55.6% year-on-year and H1 FY '26 revenue up 48% year-on-year.
  • Management expects continued revenue growth driven by better volumes rather than price realization.
  • Export markets, especially for dye intermediates and specialty chemicals, are showing healthy demand and contributing to growth.
  • Capacity utilization is high at 95%-97%, indicating strong ongoing demand.
  • The company plans capacity expansions, including a 100 MT CAPEX for H-ACID, which will add about 500 tons/month capacity, with additional expansion requiring Greenfield CAPEX.
  • The renewable energy segment and expanding specialty chemicals portfolio are expected to contribute meaningfully.

2 more points from Bhageria Industries Ltd's call on revenue

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Profitability & Margins

See what Bhageria Industries Ltd said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

Capex planned
  • Bhageria Industries is undertaking a 100 metric ton CAPEX for H-ACID expansion, with a maximum addition of 500 tons per month at the existing location; further sizable capacity additions will require Greenfield CAPEX.
  • Planned Greenfield CAPEX for Plasticizer plants is estimated around Rs. 100 crores to add 35,000-36,000 tons annual capacity.
  • Rs. 10 crore CAPEX has been incurred for the Plasticizer segment by utilizing existing infrastructure.
  • A 32 MW solar power project is underway, with an investment of Rs. 152 crores; expecting an IRR of approximately 16% and annual revenue of Rs. 22 crores from power purchase agreements.
  • No new major CAPEX is planned for the pharmaceutical segment; existing CAPEX (~Rs. 30-35 Cr) done for regulatory-compliant GMP plants.

2 more points from Bhageria Industries Ltd's call on capex

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Top-ranked in Chemicals & Petrochemicals

Ranked on what management guided this quarter

Guidance-ranked
1Shiv Texchem
Rev 1Mar 2
2Yasho Industries Ltd
Rev 1Mar 3
3
Rev 1Mar 3
4
Rev 1Mar 3
5
Rev 2Mar 1
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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

See what Bhageria Industries Ltd said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

Relevant information from the call includes: - Demand across key products is described as "good" and "round the clock," indicating steady orders. - Export orders remain strong with no slowdown expected for Q3 and Q4 of FY26. - The company is focusing on export markets, especially Southeast Asia and Europe. - Utilization of installed capacity is high, at about 95%-97%, reflecting full order execution.

2 more points from Bhageria Industries Ltd's call on order book

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Bhageria Industries Ltd — Quarterly revenue & net profit

Revenue Net profit
Jun 2025Q1 FY26
Sep 2025Q2 FY26
Dec 2025Q3 FY26
Mar 2026Q4 FY26
Jun 2026Q1 FY27
Sep 2026Q2 FY27

Reported quarterly figures (₹ Cr). Latest (Q2 FY27): revenue ₹453 Cr, net profit ₹58 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

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What Bhageria Industries Ltd's management said in earlier quarters

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Frequently Asked Questions

What were Bhageria Industries Ltd Q2 FY26 results?

Bhageria Industries has experienced strong recent growth, with Q2 FY '26 revenue up 55.6% year-on-year and H1 FY '26 revenue up 48% year-on-year. Management expects margins to improve gradually, targeting around 26-27% in the medium term, though 20% EBITDA margin levels cannot be precisely predicted yet.

What is Bhageria Industries Ltd share price analysis?

Bhageria Industries Ltd currently shows a moderate growth signal based on ranking data. The stock trades at a P/E of 12.2 with a market cap of ₹908 Cr. Investors should review the full earnings analysis for detailed insights.

Is Bhageria Industries Ltd planning capital expenditure?

Bhageria Industries is undertaking a 100 metric ton CAPEX for H-ACID expansion, with a maximum addition of 500 tons per month at the existing location; further sizable capacity additions will require Greenfield CAPEX.

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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.