The Quarter story
The two most recent quarterly results, compared side-by-side.
Core pigment and acquired businesses drive strong profitability while RIECO faces margin pressure.
Acquired Group EBITDA grows from ₹22 Cr in Q4 2024-25 to ₹146 Cr in Q1 2026-27, confirming a strong operational turnaround.
RIECO EBITDA margin drops from 5.1% in Q4 2024-25 to -26.3% in Q1 2026-27, signaling severe profitability erosion.
Legacy Sudarshan Pigment EBITDA margin expands from 4.2% in Q4 2024-25 to 15.9% in Q4 FY26, showing effective cost control.
RIECO PBT swings from ₹1 Cr in Q4 2024-25 to -₹12 Cr in Q1 2026-27, highlighting persistent operational losses.
Net debt falls from ₹1,084 Cr in Q1 FY26 to ₹531 Cr in Q1 2026-27, reflecting steady deleveraging.
Promoter holding falls from 23.89% in Q4 2024-25 to 8.19% in Q2 FY26, reflecting a completed stake reduction.
Mutual fund holding rises from 21.57% in Q4 2024-25 to 25.17% in Q1 2026-27, indicating growing institutional confidence.
Legacy Sudarshan Pigment sales collapse from ₹525 Cr in Q4 2024-25 to ₹1 Cr in Q2 FY26, indicating a sharp demand disruption.
Acquired Group revenue climbs from ₹525 Cr in Q4 2024-25 to ₹1,973 Cr in Q1 2026-27, demonstrating successful business integration.
Market capitalization drops from ₹1,04,863 Cr in Q2 FY26 to ₹58,770 Cr in Q4 FY26 before recovering to ₹69,350 Cr in Q1 2026-27, showing volatile investor sentiment.
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