Link: https://links.sgx.com/1.0.0/corporate-announcements/BCB9TYFY619W8ZJ2/d8a70e343efae743a486da33aca762ac7c90353d5f6d39422e7d789f74364931

Summary:

• Q2 FY2026 revenue up 8% year-on-year to ₹12,019 crore; H1 revenue increases 5% to ₹21,235 crore, led by crop protection, Advanta, and specialty chemicals platforms.

• Contribution margin hits record levels at 41.9% in Q2 and 42.6% in H1, supporting 40% year-on-year growth in Q2 EBITDA (₹2,205 crore) and 29% rise in H1 EBITDA (₹3,508 crore).

• PATMI (Profit After Tax & Minority Interest) swung positive by nearly ₹1,000 crore in Q2, driven by efficiency, higher gross margins, reduced finance costs, and FX gains.

• Net debt reduced by ₹3,729 crore year-on-year to ₹23,802 crore, as net debt/EBITDA improves to 2.7x and net debt/equity to 0.6x; working capital days lowered by 5, with healthy liquidity and operating cashflow.

• Advanta platform excelled, posting 26% growth in Q2 revenue and 510 bps EBITDA margin gains; North America (+63%), Latin America (+13%) key drivers of overall growth.

• Management upgrades FY2026 EBITDA guidance to 12–16% over last year, citing resilience, innovative manufacturing, sustainability benchmarks, and new product launches across global businesses.