Amtech Esters: H1 FY27 Revenue up 33.5% to ₹27.5 Cr, Asoda Plant Commercial Production
RESULTS
▲ Positive Development
LOW RISK
📅 Filed on BSE: 14 Nov 2026, 04:30 PM IST · BSE ID: 952276c2-021f-4f0f-9ba7-03bfea1f9f79
View Original BSE Filing (PDF)
💡
In Simple Terms
The company reported stronger half-year earnings, and its new large factory started making products on November 2, 2026.
🤖 AI Summary
- Amtech Esters reported H1 FY27 revenue from operations of ₹27.5 Cr, a 33.5% increase from H1 FY26.
- Profit after tax for H1 FY27 rose 78% to ₹2.3 Cr, with EPS increasing 30% to ₹2.64 over H1 FY26.
- The new 4,800 MTPA Asoda plant achieved commercial production on November 2, 2026, funded by internal accruals.
- Total UPR capacity increased to 7,760 MTPA from 2,960 MTPA at Bahadurgarh, a 2.6x increase.
- H1 FY27 revenue of ₹27.5 Cr represents approximately 67.5% of full-year FY26 revenue of ₹40.7 Cr.
🔢 Key Numbers - exact figures from BSE filing, not rounded
Revenue from operations (H1 FY27)
₹27.5 Cr
33.5%
Revenue from operations (H1 FY26)
₹20.6 Cr
Profit after tax (H1 FY27)
₹2.3 Cr
78%
Profit after tax (H1 FY26)
₹1.3 Cr
Earnings per share (H1 FY27)
₹2.64
30%
Earnings per share (H1 FY26)
₹2.03
Total UPR installed capacity
7,760 MTPA
Asoda plant capacity
4,800 MTPA
Net worth (as on 30 Sept 2026)
₹37.0 Cr
🏢 How This Affects the Company
The company's UPR manufacturing capacity increased 2.6 times to 7,760 MTPA with the Asoda plant, enabling potential market expansion across construction, automotive, electrical, marine, and FRP sectors. Pigment capacity at Croda Pigments Private Limited is also planned to increase from 382 to 973 MTPA.
H1 FY27 revenue from operations increased to ₹27.5 Cr and profit after tax to ₹2.3 Cr. The Asoda plant was funded entirely from internal accruals, with no new borrowings, contributing to net worth of ₹37.0 Cr against borrowings of ₹0.6 Cr as of 30 September 2026.
Commercial production at the Asoda plant on November 2, 2026, significantly expanded manufacturing capabilities. Total UPR capacity is now 7,760 MTPA. The Bahadurgarh plant operated at 88% usable capacity in FY26.
👥 What This Means For Shareholders
✅
Action Required
No action required by shareholders based on this financial results disclosure and press release.
👤
Who Is Affected
Shareholders are affected by the company's financial performance, with H1 FY27 EPS at ₹2.64, a 30% increase over H1 FY26 EPS of ₹2.03. The company's net worth increased to ₹37.0 Cr.
🔍
Management Signal
Management is signaling a focus on capacity expansion and organic growth, with the Asoda plant funded by internal accruals and plans to raise pigment capacity.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List - track these upcoming events
Q3 FY27 financial results — check revenue and profit growth post-Asoda plant activation.
Updates on pigment capacity expansion at Croda Pigments Private Limited.
Full-year FY27 results — assess the initial impact of enlarged capacity on annual performance.
LOW RISK
The filing indicates positive financial results and capacity expansion funded internally.
💡 Investor Takeaway
Amtech Esters reported H1 FY27 revenue up 33.5% to ₹27.5 Cr and PAT up 78% to ₹2.3 Cr. The new 4,800 MTPA Asoda plant began commercial production on November 2, 2026, increasing total UPR capacity to 7,760 MTPA, funded entirely by internal accruals.
⚖️ Strengths & Concerns
✅ Positives
- Revenue from operations grew 33.5% to ₹27.5 Cr in H1 FY27 compared to ₹20.6 Cr in H1 FY26.
- Profit after tax increased 78% to ₹2.3 Cr in H1 FY27 from ₹1.3 Cr in H1 FY26, with PAT margin at 8.5%.
📅 Company Track Record
Amtech Esters Limited was incorporated in 2002 and recently listed on the BSE SME platform (Scrip Code 544920). This H1 FY27 report marks its first financial results disclosure as a listed company. Previous filing on November 13, 2026, informed about Board approval of these half-year results.
Based on publicly available historical data. For context only.
❓ Frequently Asked Questions
What were Amtech Esters' revenue and profit for H1 FY27?
Amtech Esters' revenue from operations for H1 FY27 was ₹27.5 Cr, and profit after tax was ₹2.3 Cr.
How much did Amtech Esters' revenue and profit grow in H1 FY27 compared to H1 FY26?
Revenue from operations grew 33.5% from ₹20.6 Cr in H1 FY26 to ₹27.5 Cr in H1 FY27, and profit after tax increased 78% from ₹1.3 Cr to ₹2.3 Cr.
When did Amtech Esters' new Asoda plant begin commercial production?
Amtech Esters' new 4,800 MTPA Asoda plant began commercial production on November 2, 2026.
What is Amtech Esters' total UPR installed capacity after the Asoda plant became operational?
The total UPR installed capacity for Amtech Esters is now 7,760 MTPA, an increase from 2,960 MTPA at Bahadurgarh.
How was the new Asoda plant funded by Amtech Esters?
The new Asoda plant was funded entirely from internal accruals, with no new borrowings.
Questions based on this BSE filing only. For information purposes.