Kesar Petroproducts Reports Q3 FY26 Net Profit Of ₹2.92 Crore

Kesar Petroproducts Limited has announced its unaudited financial performance for the third quarter and nine months ended FY26. The Company is among India’s leading producers of Phthalocyanine Blue Crude and its value-added downstream products, commanding nearly 15% of the domestic Copper Phthalocyanine market.

For Q3 FY26, the Company reported revenue of ₹41.02 crore as against ₹49.66 crore in the corresponding quarter last year. EBITDA stood at ₹6.59 crore, while net profit was ₹2.92 crore. Profitability during the quarter was impacted by elevated trade-related costs arising from U.S. trade tariffs, along with margin compression in select export markets.

For the nine-month period ended FY26, the Company reported revenue of ₹140.74 crore as against ₹144.18 crore in the corresponding period of the previous year, supported by steady demand across core pigment segments and a balanced product mix. Despite the marginal moderation in revenue, EBITDA increased by 74.01% YoY to ₹23.30 crore from ₹13.39 crore, with EBITDA margin improving by 727 basis points to 16.56% from 9.29%. Profit After Tax rose by 84.71% YoY to ₹14.74 crore from ₹7.98 crore, while PAT margin expanded by 494 basis points to 10.38% from 5.44%, reflecting improved operational efficiency and margin expansion.

Financial Summary (Standalone):

 Operational highlights – Q3 & 9M FY26

• Strong demand momentum across core pigment segments, particularly Alpha Blue, Beta Blue and Green pigments
• Exports continued to account for a significant share of revenues, spanning over 55 countries
• Improved capacity utilisation across pigment manufacturing lines, driving operating leverage
• Early commercial traction from by-product verticals, including complex fertilisers and zinc phosphate
• Continued focus on cost optimisation through consolidated production and cogeneration initiatives

Management commentary

Commenting on the performance, Mr. Ramjan Shaikh, Executive Director of Kesar Petroproducts Limited said:

“Demand across our key markets continues to demonstrate healthy underlying strength. While recent tariff developments in the US led to short-term margin and volume pressures, these are being proactively addressed through swift strategic recalibration. The Company is accelerating its expansion into alternative high-growth geographies, deepening customer relationships, and driving focused operational efficiencies, positioning us well for sustained and profitable growth ahead.

During Q3 FY26, export momentum across certain pigment segments moderated, primarily due to temporary softness in the US market. Encouragingly, demand across Asia, Europe and Latin America remained resilient and stable, underscoring the strength of our diversified geographic footprint. Although margins faced near-term pressures, the Company’s agile cost management initiatives and improving product mix continue to support earnings quality. For the nine-month period, revenues were strengthened by a diversified portfolio and higher contribution from value-added by-products, reflecting the effectiveness of our strategic focus on higher-margin offerings.”