Black Rose Industries reports strong Q2 FY26 performance

Black Rose Industries reported a strong performance for Q2 FY26, with consolidated revenue reaching ₹84.31 crores, a 38.43% increase compared to Q1 FY26. Consolidated EBIDTA rose by 10.23% to ₹7.54 crores, and Net Profit after Tax (PAT) grew by 5.77% to ₹4.43 crores. The revenue growth was primarily driven by strong demand in both manufacturing and distribution segments, supported by easing supply constraints and expanded market reach.

The manufacturing division saw a 19% increase in sales quarter-over-quarter, with acrylamide liquid showing significant market share growth and solid acrylamide maintaining steady volumes. The distribution business experienced a strong rebound, with turnover surging 60% due to robust supply from key principals and higher volumes of core products like ethanolamines and meta-cresol. The company anticipates continued improved performance in the upcoming quarter, with rising acrylamide liquid exports and stable demand from the US oil and gas sector.

Black Rose Industries is also advancing its polyacrylamide solid R&D program and a feasibility study for a specialty amines project with Koei Chemicals. Key financial indicators (standalone) show a distribution-to-manufacturing revenue ratio of 1.68:1 and a Debt: Equity Ratio of 0.043 for Q2 FY26.