BN Agrochem Revenue Jumps to ₹750 Crore in Q2 FY27; Net Profit Rises 176% Sequentially

Key numbers

Market Cap	₹1,568.77 CrFMCG Sector
P/E Ratio	91.89Sector PE: 40.74
1-Year Return	-57.65%Price correction
RSI	49.31Neutral Zone

Key highlights

• Revenue from operations surged to ₹750 Cr, compared to ₹216 Cr in the same quarter last year
• Net profit reached ₹8.3 Cr for Q2 FY27, marking a 176.7% growth over the previous quarter
• Operating margins stood at 1.4%, reflecting core operational recovery from 0.3% in Q2 FY26
• The board fixed November 16, 2026, as the record date for a 1:10 equity share sub-division
• Profit before tax rose significantly to ₹10.3 Cr from ₹0.6 Cr in the year-ago period

Operational Scaling and Revenue Surge

BN Agrochem Ltd achieved a substantial increase in its operational scale during the quarter ended September 30, 2026. Revenue from operations jumped to ₹750 crore, representing a significant climb from the ₹258 crore reported in the preceding June quarter and ₹216 crore in the year-ago period. This topline growth highlights a major expansion in the company's agricultural commodity trading and edible oil processing business.

Despite the nearly 247 percent year-on-year revenue increase, profitability metrics were influenced by shifting cost dynamics and a high comparative base in the previous financial year.

Sequential Profit Growth and Tax Impacts

The company's bottom line showed strong sequential recovery as net profit rose to ₹8.3 crore, up 176.7 percent from ₹3.0 crore in Q1 FY27. Profit before tax reached ₹10.3 crore, a sharp increase from the ₹0.6 crore recorded in Q2 FY26. While the net profit appears lower than the ₹17.9 crore reported in the year-ago quarter, that previous figure was bolstered by a significant deferred tax credit of approximately ₹17.8 crore.

Operating margins improved to 1.4 percent from 0.3 percent year-on-year, indicating a stronger core operational performance in the current fiscal year.

Liquidity Boost via 1:10 Stock Split

In a strategic move to improve equity market liquidity and broaden its retail shareholder base, BN Agrochem has finalized the details of its stock split. The company fixed November 16, 2026, as the record date for the sub-division of its equity shares. Under the approved plan, each existing share with a face value of ₹10 will be split into 10 equity shares with a face value of ₹1 each.

This corporate action follows the board's approval on November 2 and aligns with the company's efforts to enhance the accessibility of its stock following its recent results announcement.

Quarterly Performance at a Glance

• Revenue from operations grew 190% sequentially to ₹750 Cr
• Operating profit margin recovered to 1.4% from a low base of 0.3% YoY
• Profit Before Tax (PBT) reached double digits at ₹10.3 Cr for the quarter
• Net profit of ₹8.3 Cr marks the strongest sequential performance in over four quarters
• Promoter holding remained steady at 5.93% with zero shares pledged

What to watch next

• Execution of the 1:10 stock split on the record date of November 16, 2026
• Sustainment of 1.4% operating margins amidst volatile edible oil raw material prices
• Expansion of the agri-commodity trading book into the third quarter of FY27

BN Agrochem · financial snapshot

Share price	₹160.45
Market capitalisation	₹1,568.77 Cr
Revenue (annual)	₹873.28 Cr
Net profit (annual)	₹34.37 Cr
Revenue (latest quarter)	₹257.61 Cr-1.43% vs previous quarter
Net profit (latest quarter)	₹2.98 Cr+0.94% vs previous quarter
P/E (TTM)	91.89×Sector 40.74×
Promoter holding	5.93%0.00% QoQ
FII holding	0%Current quarter

Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.