Indian chemicals firm Atul falls on quarterly profit decline

Atul

23/10/2026 10:09

** Shares of chemicals company Atul Ltd ATLP.NS down 5% at 5,700 rupees — biggest pct fall since April 1, 2025
** Stock touches lowest level in over nine months
** Co reports 12.8% decline in quarterly consolidated net profit
** Expenses rose 25%, weighed by the rise in cost of materials consumed
** However, Q2 revenue from operations up 20.9% 
** Co also announces share buyback of up to 900 million rupees at 7,500 rupees per share
** YTD, shares down 5.10%

($1 = 94.9650 Indian rupees)

 (Reporting by Saikeerthi in Bengaluru)
 ((Saikeerthi@thomsonreuters.com;))