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Clean Science & Technology Ltd

Q2 FY26Chemicals & Petrochemicals

Clean Science & Technology Q2 FY26 earnings call: Revenue & Margins

Q2 FY26 earnings call: what management guided on revenue, margins and order book.

Price₹826
Market cap₹8.2K Cr
P/E35.1
Updated23 Aug 2026
Read4 min read

The short version

HALS segment expected to continue growing quarter-on-quarter, with 25% volume growth already seen in Q2 and plans to increase capacity utilization and revenues over the next two quarters. HALS segment showing strong growth with 25% QoQ volume increase; expected to continue quarter-on-quarter growth, improving capacity utilization and revenues in next two quarters.

From Clean Science & Technology Ltd's Q2 FY26 earnings-call transcript · updated 23 Aug 2026.

Revenue & Sales Performance

  • HALS segment expected to continue growing quarter-on-quarter, with 25% volume growth already seen in Q2 and plans to increase capacity utilization and revenues over the next two quarters.
  • Performance Chemicals Unit 1 capacity started with ~1,000 tons per annum, aiming for clearer customer demand next quarter before scaling further.
  • Performance Chemicals Unit 2 facility scheduled to start water trials in April 2026 and commercial production by June 2026, with a 3-year ramp-up expected.
  • The company targets INR 300 crore revenue from 10,000 tons capacity in Performance Chemicals by FY28.
  • Domestic market (mainly HALS) grew 13% in H1 FY26; still room to expand customer base with 70-75% capacity utilization for food-grade antioxidants.
  • Growth in new products and markets (US, Europe, Vietnam, Middle East, South Africa) expected as product acceptance improves.

2 more points management made on revenue & sales performance

Profitability & Margins

See what Clean Science & Technology Ltd said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

  • Clean Science invested approximately INR 150 crores in the subsidiary (CFCL) during H1 FY26.
  • Performance Chemical 1 facility is undergoing chemical trials with commercialization expected within 3-4 weeks.
  • Performance Chemical 2 facility water trials to start in April with commercial production anticipated by June; ramp-up expected over approximately 3 years.
  • Capacity expansion of some food-grade antioxidants has been successfully completed.
  • A new product (hydroxychloroquine-related) with an installed capacity of about 10,000 tons aims to generate approximately INR 300 crores revenue by FY28.

2 more points management made on capital expenditure plans

Top-ranked in Chemicals & Petrochemicals

Ranked on what management guided this quarter

5x potential
1Shiv Texchem
Rev 1Mar 2
2Yasho Industries
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 Clean Science & Technology Ltd said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

  • The company has started commercial samples for Performance Chemical One with less than 1,000 tons per annum of existing capacity utilized through refurbishment.
  • Full installed capacity for Performance Chemical One is about 10,000 tons, with revenue potential of around INR 300 crores by FY 2028.
  • Commercialization of barbituric acid successfully completed by repurposing existing facilities.
  • Capacity expansions have been done for some food-grade antioxidants.
  • Sales for Performance Chemical One and barbituric acid expected to gather momentum with increasing approvals and validations over coming quarters.
  • Sales volumes for HALS products growing sequentially at 25% volume and 34% value growth.

2 more points management made on order book & pipeline

Clean Science & Technology Ltd — Quarterly revenue & net profit

Revenue Net profit
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Mar 2026

Reported quarterly figures (₹ Cr). Latest: revenue ₹249 Cr, net profit ₹58 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

Full financials →

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Frequently Asked Questions

What were Clean Science & Technology Ltd Q2 FY26 results?

HALS segment expected to continue growing quarter-on-quarter, with 25% volume growth already seen in Q2 and plans to increase capacity utilization and revenues over the next two quarters. HALS segment showing strong growth with 25% QoQ volume increase; expected to continue quarter-on-quarter growth, improving capacity utilization and revenues in next two quarters.

What is Clean Science & Technology Ltd share price analysis?

Clean Science & Technology Ltd currently shows a neutral. The stock trades at a P/E of 35.1 with a market cap of ₹8,173 Cr. Investors should review the full earnings analysis for detailed insights.

Is Clean Science & Technology Ltd planning capital expenditure?

Clean Science invested approximately INR 150 crores in the subsidiary (CFCL) during H1 FY26.

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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.