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Vinati Organics Q2 Results: Net profit and revenue fall; ₹500 crore capex announced - Published OnOct 30, 2026 | 16:04 IST - Last Updated OnOct 30, 2026 | 23:07 IST Operating margins compressed sharply as higher input costs weighed on quarterly earnings, prompting management to commit a multi-billion rupee investment toward greenfield specialty chemical facilities. Will this aggressive capacity expansion successfully revive revenue growth over the next two years? Specialty chemical company Vinati Organics Ltd on Friday (October 30) reported a 28.1% year-on-year decline in net profit to ₹78.4 crore for the second quarter, compared with ₹109 crore in the corresponding quarter last year. Revenue from operations declined 2.3% year-on-year to ₹680 crore from ₹696 crore. Earnings before interest, tax, depreciation and amortisation (EBITDA) fell 26.6% to ₹125.5 crore from ₹171 crore a year ago. The EBITDA margin contracted by 610 basis points to 18.5% from 24.6% in the year-ago quarter. ALSO READ | Vinati Organics retains FY27 volume growth guidance despite delay in Viral Organics turnaround, says MD Vinati Organics announced an aggregated capital expenditure (capex) plan of ₹500 crore for the company and its wholly owned subsidiary, Veeral Organics Private Limited, to develop new specialty chemicals. The proposed greenfield projects will focus on specialty chemicals used in resins, fragrances and personal care, water treatment solutions, oil field applications and other segments. The company also plans to explore expansion into adjacent product segments based on market demand and growth opportunities. The entire investment will be funded through internal accruals, and the projects are expected to be commissioned within the next two years, Vinati Organics said in a regulatory filing. ALSO READ | Vinati Organics targets 15% revenue growth in FY27 on capacity expansion and demand recovery The company said the capex plan covers Vinati Organics Limited and Veeral Organics Private Limited, its 100% subsidiary. Shares of Vinati Organics Ltd ended at ₹993.25, down by ₹45.65, or 4.39%, on the BSE.
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