Indo Rama Synthetics (India) Limited — Q2FY27 earnings call summary

Filed 02 November 2026 · Official transcript

Domestic PTA capacity additions expected to reduce import dependence and improve margins by 2-3%
Capacity utilization: PET chip plant at 60%, filament and fiber at 100%; volume expected to rebound to 475k tonnes next year
Export share fell to 6% from 20-25% due to raw material sourcing; expected to rise with India-UK/EU/US trade agreements
Q2 FY27 total income grew 10% y-y to INR1,344 Cr; EBITDA rose 46.4% to INR117.7 Cr; PAT up 201.8% to INR74.1 Cr
H1 FY27 EBITDA margin expanded to 9.9% from 7.1%; PAT margin improved to 6% from 3.1%
EBITDA margins of ~9.9% maintained last 6 months; management expects double-digit margins in FY28-FY29
No plans to enter fabric/weaving; sourcing synergy with sister companies for spandex raw materials
Management confident of sustainable profitability due to anti-dumping duty withdrawal, improved domestic raw material availability, and textile export growth