02-Nov-2026 16:11:38
PRIMOAcquisition and merger
PRIMO Q2 : STANDALONE NET PROFIT TURNAROUND TO LOSS AT ₹2 CR (YOY), PROFIT VS LOSS (QOQ). WEAK (ON 1ST LOOK)
• Revenue from operations down 9.3% at ₹122.17 Cr (YoY), down 12.9% (QoQ). • Finance costs at ₹13.37 Cr; depreciation at ₹20.49 Cr. • Company acquired remaining 51% of Flow Tech Chemicals on 16 Sep 2026, making it a wholly owned subsidiary. • Impact: Weak Q2 standalone performance; acquisition makes Flow Tech Chemicals wholly owned.
Primo Chemicals Limited
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