Atul Q2 Profit Drops 12.6% as Board Approves Rs 90 Crore Share Buyback

Key Facts

1Atul reported a 12.6% year-on-year decline in net profit to Rs 159 crore for the second quarter.

2The company's board approved a share buyback of up to Rs 90 crore with a maximum price of Rs 7,500 per share.

Atul reported a 12.6% year-on-year decline in net profit to Rs 159 crore for the second quarter. Business Upturn reported that the company's board simultaneously approved a share buyback program worth up to Rs 90 crore, with a maximum purchase price set at Rs 7,500 per share.

The quarterly results showed pressure on operating profitability as EBITDA fell 7.7% to Rs 246.5 crore, while the EBITDA margin contracted to 13% from 17% in the prior-year period. This decline in the bottom line occurred despite a 20.9% increase in revenue, which reached Rs 1,877 crore for the quarter ending September 2026.