Atul Q2 Results FY27: Profit Moves Against Revenue, Revenue Rs 1,877.04 Cr, PAT Rs 158.71 Cr

Atul Ltd (ATUL) Q2 Results FY27 announced on 23 October 2026, covering the company's financial performance for the July to September quarter. On the results date, the company reported consolidated results with revenue of Rs 1,877.04 Cr and PAT of Rs 158.71 Cr. The Atul Q2 Results FY27 present a split picture, with the top line rising by about a fifth while both the middle and bottom profit lines fell.

Here, the results analysis of the Atul Q2 Results moves through the financial highlights, the business factors the data supports, the FY27 outlook and the main risks. The financial highlights set the numbers that every section after them draws on.

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Atul Q2 Results FY27: Financial Highlights

Metric	Q2 FY27 (Sep 26)	Q2 FY26 (Sep 25)	YoY Change
Revenue	Rs 1877.04 Cr	Rs 1551.85 Cr	+20.95% YoY
Operating Profit	Rs 246.64 Cr	Rs 267.49 Cr	-7.79% YoY
Net Profit (PAT)	Rs 158.71 Cr	Rs 182.37 Cr	-12.97% YoY

Source: company filing for Atul Q2 Results FY27, 23 October 2026. Figures in Rs Crore, Consolidated basis.

Key Takeaways from Atul Q2 Results: What Stands Out

• Revenue grew to Rs 1,877.04 Cr: YoY growth of 20.95% from Rs 1,551.85 Cr, adding Rs 325.19 Cr in sales.
• Net profit fell to Rs 158.71 Cr: down 12.97% from Rs 182.37 Cr, a reduction of Rs 23.66 Cr.
• Operating Profit declined to Rs 246.64 Cr: down 7.79% from Rs 267.49 Cr, a fall of Rs 20.85 Cr.
• Margin in Atul Q2 Results FY27: net profit margin narrowed to 8.5% from 11.8% in the comparison quarter.
• Balance sheet strength: the company is almost debt free, a point the performance analysis weighs against the weaker profit lines.

Atul Q2 Results FY27: Performance Analysis

The Atul Q2 Results FY27 show revenue and profit moving in opposite directions. Revenue grew 20.95% to Rs 1,877.04 Cr, yet Operating Profit fell 7.79% and net profit fell 12.97% to Rs 158.71 Cr. That divergence is the central finding of this results analysis and sets the tone for the quarter.

In rupee terms, the company added Rs 325.19 Cr of revenue but lost Rs 20.85 Cr of Operating Profit and Rs 23.66 Cr of net profit. The reported figures confirm that costs rose faster than sales during the period. The Atul Q2 Results therefore show negative YoY growth at both profit levels despite a larger top line.

Investors following later quarterly results will check whether the net margin recovers from 8.5% and whether revenue keeps its run of consecutive increases. The Atul Q2 Results FY27 place profitability at the centre, and the business factors below show what the data does support.

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Key Business Factors This Quarter

Rising Revenue – The business factors begin with revenue, which grew 21.0% year on year to Rs 1,877.04 Cr. Revenue has also risen in each of the last 4 quarters, so the Atul Q2 Results FY27 extend an existing run of top-line gains across the past year.

Return on Capital Employed – Return on capital employed was 15.05% in FY26. This annual figure offers context on how the business earned on its capital before the current quarter, separate from the profit decline in these quarterly results.

Low Debt – The company is almost debt free, with a debt-to-assets ratio of 0.03 in FY26. A balance sheet with very little borrowing means finance costs are unlikely to be a large item between Operating Profit and net profit.

FY27 Outlook After Atul Q2 Results

Taking the results analysis forward, the FY27 outlook will depend on the December and March quarters. Full-year results will reflect what the company reports for those periods and disclosed sector conditions. A single quarter of weaker profit does not decide how the financial year will end. The second-half filings will show whether the run of revenue gains is matched by a recovery in Operating Profit and net profit.

The Atul Q2 Results FY27 set a revenue base of Rs 1,877.04 Cr and a net profit base of Rs 158.71 Cr for the second half. Readers can track how later quarters compare with these figures on the Univest app, with the risks below in view.

Key Risks to Watch After Atul Q2 Results FY27

Lower Net Profit

Net profit fell 13.0% year on year to Rs 158.71 Cr. With the Atul Q2 Results FY27 showing revenue up by about a fifth, the decline means the gain in sales did not lift earnings for shareholders this quarter.

Margin Compression

Net profit margin narrowed to 8.5% from 11.8% in the comparison quarter. A drop of this size means each rupee of revenue produced less profit, which investors will compare against YoY growth in the next filing.

Sequential Profit Decline

Net profit was down 35.3% quarter on quarter from Rs 245.3 Cr. The bottom line therefore fell both against the year-ago quarter and against the immediately preceding quarter, which makes the next filing an important comparison point for both the YoY and the sequential trend.

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Conclusion

The Atul Q2 Results FY27 show consolidated results with revenue of Rs 1,877.04 Cr, while Operating Profit fell to Rs 246.64 Cr and net profit to Rs 158.71 Cr. Margin pressure is the main watch point, set against a low-debt balance sheet and a steady run of revenue growth. Investors can follow the Atul Q2 Results and later quarterly results on the Univest Screener and should consult a SEBI-registered advisor before acting.

Frequently Asked Questions on Atul Q2 Results FY27

What are Atul Q2 Results FY27?

Ans. Atul Q2 Results FY27 show revenue of Rs 1,877.04 Cr and net profit of Rs 158.71 Cr for July to September 2026. Alongside this, revenue rose while profit fell, as the Quick Answer explains.

What is the results date for Atul Q2 Results FY27?

Ans. Atul declared its Q2 FY27 quarterly results on 23 October 2026. That results date covers the July to September 2026 quarter, as stated in the opening paragraph of this article.

What revenue was reported in Atul Q2 Results FY27?

Ans. Atul reported Q2 FY27 revenue of Rs 1,877.04 Cr against Rs 1,551.85 Cr a year earlier. This equals YoY growth of 20.95%, as the Financial Highlights table shows.

What net profit was reported in Atul Q2 Results FY27?

Ans. Atul Q2 Results FY27 show net profit of Rs 158.71 Cr compared with Rs 182.37 Cr a year earlier. This 12.97% decline is covered in the Key Takeaways section above.

How much YoY growth did revenue show in Atul Q2 Results FY27?

Ans. Atul revenue showed YoY growth of 20.95% in Q2 FY27, rising to Rs 1,877.04 Cr. Compared with this, Operating Profit fell 7.79%, as the Performance Analysis explains.

Did net profit rise or fall in Atul Q2 Results?

Ans. Atul Q2 Results show net profit fell 12.97% YoY to Rs 158.71 Cr. Alongside this, net profit margin narrowed to 8.5% from 11.8%, as noted under Key Risks.

What was the Operating Profit in Atul Q2 Results FY27?

Ans. Atul reported Operating Profit of Rs 246.64 Cr in Q2 FY27 against Rs 267.49 Cr a year earlier. That is a 7.79% YoY decline, as covered in the Performance Analysis section.

Are Atul Q2 Results consolidated results or standalone results?

Ans. Atul reported its Q2 FY27 numbers on a Consolidated basis. So the revenue and net profit figures used throughout this results analysis are consolidated results for the quarter.

What business factors shaped Atul Q2 Results FY27?

Ans. Atul Q2 FY27 was shaped by 21.0% revenue growth and four straight quarters of rising revenue. Alongside these, the company is almost debt free, as listed under Key Business Factors.

What are the key risks after Atul Q2 Results FY27?

Ans. The key risks after Atul Q2 Results FY27 are lower net profit, a narrower margin of 8.5% and a 35.3% sequential profit decline. Each is explained in the Key Risks section.

What is the outlook after Atul Q2 Results?

Ans. The FY27 picture for Atul will depend on the December and March quarters. So the Q2 net profit of Rs 158.71 Cr acts as a base for comparison, as the Outlook section notes.

Where can I find the complete Atul Q2 Results FY27 data?

Ans. The complete Atul Q2 FY27 figures for revenue, Operating Profit and net profit are in the Financial Highlights table above. Investors can also follow later quarterly results on the Univest Screener.