# Stallion India Fluorochemicals Q2 Net Profit Drops 78% to ₹245.29 Lakh Despite 28.8% Revenue Growth

> Stallion India Fluorochemicals posted Q2FY27 net profit of ₹245.29 lakh, down 78% quarter-on-quarter, even as revenue rose 28.8% to ₹13,603.15 lakh.

- Published: 2026-11-15T18:44:12+00:00
- Section: Earnings & Results
- Author: News Desk
- URL: https://newsforagent.com/news/2026-11-15/stallion-india-fluorochemicals-q2-profit-drop
- Source: [ScanX](https://scanx.trade/stock-market-news/companies/stallion-india-fluorochemicals-q2fy27-results-net-profit-down-78-qoq/56103591)

## Key takeaways

- Stallion India Fluorochemicals reported Q2FY27 standalone net profit of ₹245.29 lakh, down 78% quarter-on-quarter from ₹1,856.58 lakh.
- Revenue from operations rose 28.8% year-on-year to ₹13,603.15 lakh, while cost of materials consumed climbed 51.5% to ₹12,004.67 lakh.
- Operating PAT before ESOP provision rose 4.78% year-on-year to ₹1,196.21 lakh, and the company began operations at its Khalapur helium facility in September 2026.

[Stallion India Fluorochemicals](https://akta.pro/company-profiles/00022xk/stallion-india-fluorochemicals) reported standalone net profit of ₹245.29 lakh for the second quarter of fiscal 2027, down 78% quarter-on-quarter from ₹1,856.58 lakh, even as revenue from operations rose 28.8% year-on-year to ₹13,603.15 lakh. [ScanX](https://scanx.trade/stock-market-news/companies/stallion-india-fluorochemicals-q2fy27-results-net-profit-down-78-qoq/56103591) published the results, which the board approved on November 13, 2026.

## Inside Stallion India's Q2FY27 Results

Stallion India Fluorochemicals is an Indian manufacturer and distributor of refrigerants, fluorochemicals and industrial specialty gases, serving semiconductor, chemical, pharmaceutical and air-conditioning customers through direct sales and more than 100 dealers.

Revenue for the quarter ended September 30, 2026 rose from ₹10,556.41 lakh a year earlier. Cost of materials consumed climbed 51.5% year-on-year to ₹12,004.67 lakh from ₹7,925.84 lakh, outpacing revenue growth. Employee benefits expense rose to ₹1,197.56 lakh from ₹234.89 lakh, which the company attributed largely to ESOP charges recognized during the half-year.

Operating PAT before provision for ESOP rose 4.78% year-on-year to ₹1,196.21 lakh. For H1FY27, total income was ₹26,404.90 lakh against ₹21,630.31 lakh in H1FY26, and profit before tax was ₹3,053.42 lakh against ₹2,910.27 lakh.

In September 2026, the company commenced operations at its Khalapur high-purity helium facility, which is positioned to serve semiconductor, electronics, healthcare, aerospace and defence demand. Chairman and CEO Shazad Rustomji said the facility is a key milestone as the company advances its Mambattu and R-32 initiatives.

## Stallion India's Helium and Refrigerant Expansion

According to akta.pro [company records](https://akta.pro/company-data), Stallion India reported revenue of ₹434.12 crores in FY26, up 14.40% year-on-year, with PAT of ₹43.84 crores and EBITDA of ₹61.35 crores. The same records show a January 2026 long-term partnership with Sharjah Oxygen Company for technical collaboration and sourcing of liquid helium from RAS Gases & Oilfields in Qatar, and a technology tie-up with SYS ADVANCE of Portugal for helium recovery and liquefaction systems.

The records also list a 10,000 MTPA R-32 refrigerant facility at Bhilwara, for which the company received Environmental Clearance and is on track to commission by October 2026, and a proposed ₹200 crore Hydrofluoroolefin plant at Bhilwara for which RIICO land allotment was received in February 2026, with construction scheduled to begin in 2027.

## Analyst Meetings Before the Results

Stallion India scheduled a virtual analyst call for November 3, 2026, from 3:30 to 4:30 pm IST, filing the intimation with NSE and BSE, ScanX reported. On November 6, 2026, the company cancelled a scheduled virtual analyst meeting under SEBI Listing Regulations, citing exigencies, with no rescheduling date disclosed.

On September 21, 2026, Business Standard reported that the stock hit a 5% upper circuit at Rs 230.50 after the Khalapur facility began commercial operations for semiconductor and specialty gas debulking and blending. The 1,200-tonne-per-year facility also handles cryogenic containers and ISO tanks.

The board approved the unaudited results following a limited review by statutory auditors Mittal & Associates. The company reported cash and cash equivalents of ₹20,390.85 lakh as of September 30, 2026, down from ₹21,247.09 lakh at the start of the period, and reduced short-term borrowings by ₹2,754.58 lakh during the half-year.

## Companies in this story

- [Stallion India Fluorochemicals company profile](https://akta.pro/company-profiles/00022xk/stallion-india-fluorochemicals) · website: https://stallionfluorochemicals.com

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