CLEAN · Chemicals
Clean Science and Technology Ltd. reported revenue of ₹245 cr for July to September 2025, +2.9% on the year and +0.8% on the quarter. Over the last four quarters revenue comes to ₹993 cr, +12.2% on the four before.
Operating profit (EBITDA) was ₹87.0 cr, a margin of 35.5%, −230 bps on the year and −564 bps on the quarter. It is the narrowest margin of the last 8 quarters (range 35.5% to 44.6%). Operating costs grew +6.8%, faster than revenue at +2.9%, so operating profit grew less than sales.
Net profit was ₹55.0 cr, −6.8% on the year and −21.4% on the quarter, with earnings per share of ₹5.22. Profit before other income, one-offs and tax fell 5.6%, so the profit growth came from the business itself. The tax rate of 26% is in line with its recent average. Profit over the last four quarters totals ₹265 cr, +2.7% on the four before.
Speciality chemicals are read on volumes and pricing, with Chinese supply a recurring swing factor; inventory destocking can hit a quarter without a change in demand. The quarterly statements do not carry volumes against prices, capacity utilisation and new molecules; those come with the filing read.
On earnings per share of ₹24.96 over the last four quarters, the stock at ₹784.55 trades at 31.4 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.
No check fired. That is a statement about the checks below, not a verdict on the company.
Operating margin slipped on the year.
EBITDA margin 35.5%, −230 bps on the year (−564 bps on the quarter).
Source: Quarterly statements
Could not run on this quarter: Exceptional items that recur, Finance cost rising, 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 | ₹181 cr | ₹195 cr | ₹228 cr | ₹224 cr | ₹238 cr | ₹241 cr | ₹264 cr | ₹243 cr | ₹245 cr | ₹220 cr | ₹249 cr | ₹268 cr |
| YoY | — | — | — | +19% | +31% | +24% | +16% | +8% | +3% | −9% | −6% | +10% |
| EBITDA margin | 41.4% | 44.6% | 41.7% | 42.4% | 37.8% | 40.7% | 39.8% | 41.2% | 35.5% | 32.7% | 38.6% | 35.8% |
| Other income, % of PBT | 9% | 10% | 15% | 11% | 13% | 6% | 12% | 14% | 9% | 16% | 4% | 22% |
| Exceptional items | — | — | — | — | — | — | — | — | — | — | — | — |
| Tax rate | 25% | 25% | 26% | 26% | 29% | 23% | 26% | 26% | 26% | 27% | 25% | 25% |
| Net profit | ₹52.0 cr | ₹63.0 cr | ₹70.0 cr | ₹66.0 cr | ₹59.0 cr | ₹66.0 cr | ₹74.0 cr | ₹70.0 cr | ₹55.0 cr | ₹46.0 cr | ₹58.0 cr | ₹73.0 cr |
| YoY | — | — | — | +12% | +13% | +5% | +6% | +6% | −7% | −30% | −22% | +4% |
| Core profit YoY | — | — | — | +20% | +14% | +7% | +9% | +4% | −6% | −34% | −15% | −7% |
| EPS | ₹4.91 | ₹5.89 | ₹6.61 | ₹6.20 | ₹5.53 | ₹6.18 | ₹6.97 | ₹6.59 | ₹5.22 | ₹4.32 | ₹5.48 | ₹6.90 |
| Flags | · | · | · | ✓ | 1 | 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.
Clean Science and Technology Ltd. reported revenue of ₹245 cr (+2.9% on the year) and net profit of ₹55.0 cr (−6.8% on the year) for July to September 2025.
Profit before other income, exceptional items and tax moved −5.6% on the year, against −6.8% for reported profit.
None of the 6 checks that could run raised a question.
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