The company’s second-quarter revenue fell 5.5%, but EBITDA rose 50.7% as it used raw materials bought earlier at lower prices. Kotyark is targeting annual revenue growth of 25% to 30% over the next three years.
Kotyark Industries said its consolidated profit rose sharply in the quarter to September 30, 2026, even as revenue slipped, with stronger margins helped by lower raw-material costs and earlier inventory purchases. The biodiesel maker reported unaudited net profit of ₹6.24 crore for the second quarter of FY27, up 147.6% from a year earlier, on revenue from operations of ₹61.27 crore, down 5.5%, according to the company’s results announcement and filing with the National Stock Exchange.
The company’s operating profit, or EBITDA, climbed 50.7% to ₹12.70 crore, lifting the margin to 20.72% from 12.99% a year earlier. Profit before tax rose to ₹8.36 crore from ₹3.20 crore, while total expenses fell 14.2% to ₹52.93 crore. Kotyark said the improvement was supported by the use of raw materials purchased earlier at relatively lower prices, even as it cautioned that feedstock costs have since moved higher.
For the first half of FY27, revenue increased 4% to ₹153.25 crore, while EBITDA rose 30.2% to ₹24.41 crore and profit after tax climbed 61.9% to ₹10.70 crore. The half-year EBITDA margin improved to 15.93% from 12.72%, and the company’s basic earnings per share increased to ₹0.95 from ₹0.59. The board approved the results on October 28, according to the exchange filing.
Gaurang Rameshchandra Shah, Kotyark’s chairman and managing director, said the company is targeting annual revenue growth of 25% to 30% over the next three years and wants EBITDA margins of 18% to 22%. According to the company’s investor presentation and background disclosures, Kotyark operates biodiesel manufacturing facilities in Sirohi in Rajasthan and Anand in Gujarat, and uses a multi-feedstock model that can process a range of raw materials including used cooking oil, acid oils and non-edible oils. The company said growth will depend on demand from oil marketing companies, feedstock availability, pricing and policy support, while India’s push to cut fossil-fuel imports continues to shape the wider biodiesel market.
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