J.G. Chemicals Q2 FY27 Revenue ₹361 Cr, Up 63.9% YoY; PAT ₹28 Cr, Up 86.7%
J.G. Chemicals reported its best-ever quarterly results for Q2 FY27. Revenue surged by 63.9% YoY to ₹361 crore, and PAT increased by 86.7% YoY to ₹28 crore. For H1 FY27, revenue grew 54.4% YoY to ₹677 crore, with PAT up 72.3% YoY to ₹54 crore. Expansion projects at Dahej and Naidupeta are nearing completion to meet rising demand.
The strong financial results, capacity expansions, and diversification efforts indicate a significant positive impact on the company's growth trajectory and market position.
The company reported record quarterly financial performance with significant year-on-year growth in revenue, EBITDA, and PAT, alongside positive operational highlights and progress on expansion projects.
J.G. Chemicals Limited announced its unaudited financial results for the quarter and half-year ended September 30, 2026, with the Board of Directors approving the same on November 3, 2026. The company reported a strong performance in Q2 FY27, with revenue from operations reaching ₹361 crore, a significant increase of 63.9% year-on-year and 14.3% quarter-on-quarter. This marks the fifth consecutive quarter of sequential revenue growth.
EBITDA for the quarter stood at ₹38.6 crore, up 76.8% YoY, and Profit After Tax (PAT) was ₹27.9 crore, an increase of 85.96% YoY. For the half-year ended September 30, 2027 (H1 FY27), revenue grew by 54.4% YoY to ₹677 crore, with EBITDA increasing by 66.1% YoY to ₹75 crore, and PAT growing by 72.3% YoY to ₹54 crore.
The company highlighted that its Q2 FY27 performance was its best-ever quarterly result, driven by strong demand across end-user applications, an improved product mix, and disciplined execution. Capacity utilization for zinc oxide exceeded 80%, with new capacities in Gujarat and Naidupeta expected to be commissioned during FY27 to support rising demand.
J.G. Chemicals also noted strong momentum in the automotive sector, with Indian tyre majors undertaking significant capital expenditure. As the largest zinc oxide supplier to the Indian tyre industry, the company is well-positioned to benefit from this expansion. The EBITDA margin for Q2 FY27 was 10.72%, an improvement from 9.94% in the previous year, supported by the company's pricing model that allows for the pass-through of zinc price movements. PAT margin stood at 7.76%, up from 6.81% YoY.
To strengthen its raw material sourcing and global sales, J.G. Chemicals is incorporating BDJ Materials and Metals Trading FZCO in Dubai. The Dahej greenfield project's Phase 1, with a capacity of 15,000 MTPA of zinc oxide, is nearing completion, with trial runs scheduled for the next month. The Naidupeta brownfield expansion is on track for commissioning in Q4 FY27, which will increase total zinc oxide capacity to 79,904 MTPA.
The company is also diversifying beyond the tyre sector, with non-rubber applications accounting for over 18% of sales in Q2 FY27, driven by growth in ceramics, specialty chemicals, agriculture, and pharmaceuticals. New product launches include LabPure analytical-grade zinc oxide and JG-ZRA for non-tyre rubber applications. Additionally, the company acquired approximately 16.74 acres of land in Naidupeta, Andhra Pradesh, to support future expansion.
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