ACUTAAS · Healthcare
Acutaas Chemicals Ltd. reported revenue of ₹308 cr for January to March 2025, +36.9% on the year and +12.0% on the quarter. It is the highest quarterly revenue in the last 8 quarters on record. Over the last four quarters revenue comes to ₹1,007 cr, +40.4% on the four before.
Operating profit (EBITDA) was ₹85.0 cr, a margin of 27.6%, +849 bps on the year and +251 bps on the quarter. It is the widest margin of the last 8 quarters (range 14.5% to 27.6%). Operating costs grew +22.5% against revenue growth of +36.9%, so more of each rupee of sales reached operating profit.
Net profit was ₹63.0 cr, +142.3% on the year and +40.0% on the quarter, with earnings per share of ₹7.63. Profit before other income, one-offs and tax grew 113.9%, so 28 points of the headline growth came from outside the core business. The tax rate of 24% is in line with its recent average. Profit over the last four quarters totals ₹161 cr, +228.6% on the four before.
On earnings per share of ₹19.39 over the last four quarters, the stock at ₹3,882.60 trades at 200.2 times trailing earnings.
Written from the quarterly statements. The filing read adds the balance sheet and cash flow filed with this quarter, the auditor's review, segment results, one-off items line by line and what management said on the call.
Headline profit grew much faster than core profit. What made up the difference?
Source: Quarterly statements
Could not run on this quarter: Exceptional items that recur, Cash behind the profit, Receivables against sales, Inventory against sales, Borrowing while holding cash, Auditor's review or audit report, IPO money used as stated, Related-party transactions, Exits, postponements, restatements, Promoter pledges and allotments, Earlier promises against delivery, When the results were filed. Most need the filing read (balance sheet, cash flow, auditor, disclosures).
Net profit a year ago, each driver's change, and net profit now. Blue added profit, red took it away.
This quarter's filing carries a balance sheet and a cash flow statement. The cash, receivables and borrowing checks run once the filing read is in.
| Q2 FY24 | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹172 cr | ₹166 cr | ₹225 cr | ₹177 cr | ₹247 cr | ₹275 cr | ₹308 cr | ₹207 cr | ₹306 cr | ₹393 cr | ₹433 cr | ₹330 cr |
| YoY | — | — | — | +15% | +44% | +66% | +37% | +17% | +24% | +43% | +41% | +59% |
| EBITDA margin | 14.5% | 16.3% | 19.1% | 16.9% | 19.8% | 25.1% | 27.6% | 24.6% | 31.0% | 38.4% | 42.5% | 34.2% |
| Other income, % of PBT | — | 13% | 3% | 5% | 16% | 3% | 7% | 28% | 10% | 3% | 6% | 2% |
| Exceptional items | — | — | — | — | — | — | — | — | — | — | — | — |
| Tax rate | — | 25% | 31% | 26% | 25% | 28% | 24% | 24% | 25% | 27% | 27% | 28% |
| Net profit | −₹17.0 cr | ₹18.0 cr | ₹26.0 cr | ₹15.0 cr | ₹38.0 cr | ₹45.0 cr | ₹63.0 cr | ₹44.0 cr | ₹72.0 cr | ₹106 cr | ₹134 cr | ₹75.0 cr |
| YoY | — | — | — | −32% | — | +150% | +142% | +193% | +89% | +136% | +113% | +70% |
| Core profit YoY | — | — | — | −37% | +110% | +190% | +114% | +121% | +105% | +130% | +125% | +143% |
| EPS | −₹2.55 | ₹2.27 | ₹3.41 | ₹1.71 | ₹4.56 | ₹5.49 | ₹7.63 | ₹5.41 | ₹8.82 | ₹13.19 | ₹16.09 | ₹9.07 |
| Flags | · | · | · | 1 | ✓ | ✓ | 1 | 1 | ✓ | ✓ | ✓ | ✓ |
Each quarter is read with the same rules. Balance-sheet and cash checks run on half-year and annual quarters; filing-read checks run where a read exists.
Acutaas Chemicals Ltd. reported revenue of ₹308 cr (+36.9% on the year) and net profit of ₹63.0 cr (+142.3% on the year) for January to March 2025.
Profit before other income, exceptional items and tax moved +113.9% on the year, against +142.3% for reported profit.
1 check raised a question: Headline profit grew much faster than core profit. What made up the difference?
No. FinMinutes reports what was filed and the questions the numbers raise. It does not recommend buying, selling or holding any security.
Numbers as filed with the exchanges, read by rules. Every flag is a question with its source, not an accusation. FinMinutes is a financial data and analytics platform; nothing here is a recommendation to buy, sell or hold any security. How each check works.