Laxmi Organic Industries Ltd. · NSE:LXCHEM
Laxmi Organic Industries — Q2 FY26 Earnings Presentation
33 slides from Laxmi Organic Industries's earnings presentation, Oct 29, 2025
Slide 1: Intimation letter to stock exchanges
October 29, 2025 BSE Limited National Stock Exchange of India Limited Corporate Relationship Department, Exchange Plaza, Bandra Kurla Complex, 1st Floor, New Trading Ring, Bandra (E), Rotunda Building, P. J. Towers, Mumbai – 400 051 Dalal Street, Fort, Trading Symbol: LXCHEM Mumbai – 400 001 Scrip C
Slide 2: Geared to Win; Geared for Growth
Geared to Win; Geared for Growth Investor Presentation – Q2 and H1FY26 Oct 2025 www.laxmi.com
Slide 3: Disclaimer
Disclaimer This presentation and the accompanying slides (the “Presentation”), have been prepared by Laxmi Organic Industries Limited (the “Company”) solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities and shall no
Slide 4: Company Overview
Company Overview www.laxmi.com
Slide 5: Laxmi Organic Industries Ltd. – A Leading Indian Chemical Company
Laxmi Organic Industries Ltd. – A Leading Indian Chemical Company Essentials BU - Lean & Reliable Specialties BU - World Class Technology Supplier serving diverse industries platforms with strong development capabilities serving diverse industries Emphasis on Development, Quality, and ESG. Large Sca
Slide 6: Our Core Values and Integrated EHS Program
Our Core Values and Integrated EHS Program Lost Time Injury (LTI) and Process Safety incident (PSI) targets for VPs and above Employee Health & Safety INTEGRITY INNOVATION Accident and EHS Risk To do what is right in the To create a culture where Incident Analysis Assessment interest of all our stak
Slide 7: Laxmi's Value Chains
Laxmi’s Value Chains Key RMs Technology Platforms and Product/ Product Groups Customer Industries 1. Esterification Platform Alcohols Ethyl Acetate N-Propyl Acetate N-Butyl Acetate Essentials Pharma Agro-chem Packaging Inks & Business 2. Acetylation Platform Paints Acetic Acid #1 in India Acetic Anh
Slide 8: Innovation, Development & Scale-up Capabilities
Innovation, Development & Scale-up Capabilities R&D Capabilities & Infrastructure Process Engineering Capabilities 1 R&D: 67 R&D Chemist & Scientists Mahad Site 1 Engineering: 40+ Engineers and Scientists 2500 Sq Ft, 6 fume hoods COMMERCIAL Operational since 2012 • 30+ Diketene Derivatives PILOT • E
Slide 9: Laxmi's strategically located brownfield sites are geared for growth
Laxmi’s strategically located brownfield sites are geared for growth Europe Mahad (2 Sites) As part of the global footprint, we have • Offices in Amsterdam and Shanghai. • Tank operations in Antwerp and Genoa. • Land parcel: 45 acres China • Land Occupancy: 90% • Product Mix: o Essentials – 60% Belg
Slide 10: Network and Alliances
Network and Alliances Ravi Goenka Dr Rajan Venkatesh Harshvardhan Goenka Rajeev Goenka Manish Chokhani Executive Chairman Managing Director & Chief Executive Director – Strategy Non-Executive Director Non-Executive Director Executive Officer & Business Development Bachelor’s degree in Chemical Maste
Slide 11: Strong Management Team
Strong Management Team Harshvardhan Goenka Dr. Milind Vaidya Executive Director Executive Vice President (R&D and Specialties Marketing) B.Sc. (Babson College, School of Business, Boston, PhD in Science (ICT, Mumbai) USA); 25+ years of experience in R&D and BD across speciality 11 years of experienc
Slide 12: Accreditation & Certification
Accreditation & Certification Recognized for its sustainable practices Accredited facilities Going beyond the regulatory compliances Biobased Product Label for Ethyl Acetate Ranked in 68th percentile globally in EcoVadis Sustainability Rating LAXMI ORGANIC INDUSTRIES LIMITED | Q2FY26 11
Slide 13: Accreditation & Certification
Accreditation & Certification Mahad Cluster – Site 1 & Site 2 – Certified for ISO 15001:2018 International Standard Implementation of Energy Management System (EnMS) LAXMI ORGANIC INDUSTRIES LIMITED | Q2FY26 12
Slide 14: NSCI-State Level Awards for consecutively fourth year for Site 1 & 2
NSCI-State Level Awards for consecutively fourth year for Site 1 & 2 Laxmi bagged three State Level Safety Awards from National Safety Council - Maharashtra Chapter • Site 1 – Lowest Average Accident Frequency Rate. (Factories working more than Four Lakh to Six Lakh man-hours in a year) • Site 1 – L
Slide 15: Laxmi achieves BIS Certification
Laxmi achieves BIS (Bureau of Indian Standards) Certification BIS (Bureau of Indian Standards) Certification First Time in India – License to use ISI Mark for Acetic Anhydride, Ethyl Acetate, n-Butyl Acetate, Methyl Ester and Acetaldehyde LAXMI ORGANIC INDUSTRIES LIMITED | Q2FY26 14
Slide 16: Successful Recertification of ISCC Plus GHG Certification for Site 1
Successful Recertification of ISCC Plus GHG Certification for Site 1 ISCC (International Sustainability and Carbon Certification) Recertification Audit was successfully completed at Site 1 from 3rd-5th June 2025 without any non-conformity and observations. The ISCC Audit Team has recommended our cas
Slide 17: Geared for Growth – Strategic Plan
Geared for Growth - Strategic Plan www.laxmi.com
Slide 18: Geared for Growth: Historical Performance
Geared for Growth: Historical Performance Growth Fueled by Strategic Acquisitions, Fast Technology Absorption together with achieving >20%+ Revenue Contribution from New Products launched in last 5 years ◼ Acquired Ketene / Capacity Addition for ethyl acetate Diketene business Foray into and acetald
Slide 19: Geared for Growth: Positioned for the next Growth Phase
Geared for Growth: Positioned for the next Growth Phase Pivoted for the Next Growth Customer Needs Proven Success Phase Innovation 1 Product 1 Customer 2 2 Platform Plant Transited Price Product 3 Platform 3 Plant Strategic shift to Customer Centric Business Approach helped us gain more market and i
Slide 20: Essentials: Strategy and Right to Win
Essentials: Strategy and Right to Win Go Deeper, Go Broader Strategy Grow in the Existing Products Enter in New Products • Retain India market share • Portfolio expansion • Grow exports • De-risking of business • Focus on continuous operational efficiencies • Future ready for biobased products Lean
Slide 21: Specialties: Strategy and Right to Win
Specialties : Strategy and Right to Win Specialties Growth Drivers Strategy Expand & Optimise in Incumbents Enter in New Products • Grow market share • Fluro assets started delivering revenue in FY25 • Focus on global customers • To have min. 20% sales from new products • Improve cost leadership via
Slide 22: Financial Highlights Q2FY26
Financial Highlights Q2FY26 www.laxmi.com
Slide 23: From the desk of MD & CEO
From the desk of MD & CEO Q2FY26 Reflections Global chemical industry's trajectory continues to be shaped by regional dynamics, given the supply side overcapacities. The industry continues to be marked by targeted efforts towards cost optimization, shutdown and/or restructuring of structurally sub-s
Slide 24: Capex Update – Dahej
Capex Update – Dahej Inorganic EC Received on 04-May-24 Bhoomi Pujan at Dahej Site on 10-May-24 Civil foundation completed. Organic CTE received on Other activities progressing 20-Jun-24 on schedule. Q1 Q2 Q3 Q1 Q1 Oct FY25 FY25 FY25 FY26 FY26 2025 EC and Factory License CTO received for production
Slide 25: Capex Update – Lote
Capex Update – Lote COVID period Acquired Q3FY20 Q2 FY’21 Q3 FY’21 Q1 FY’22 Q3 FY’23 Acquisition of Land development Kilo Lab setup created at Civil & structural work Equipment's arrived from technology and assets work started at Lote Mahad - familiarization to completed Italy from Miteni, Italy Mit
Slide 26: Consolidated Financial Highlights–Q2FY26 and H1FY26
Consolidated Financial Highlights–Q2FY26 and H1FY26 (in INR Mn.) Revenue* Adjusted EBITDA PAT Key Highlights vs Q2FY25 -6% -46% -48% 14,894 1,459 624 • Consolidated Revenue dropped by 13,927 9%, with the spread in ethyl acetate remaining subdued and on account -9% -47% 781 -61% of the earlier explai
Slide 27: Consolidated Business Highlights – Q2FY26
Consolidated Business Highlights – Q2FY26 (in INR Mn.) Essentials Revenue* Specialties Revenue* As called out in Q1FY26, the anticipated phase -1% -19% out of the agro- 10,091 10,024 4,803 chemical 3,903 intermediate and -5% deferment of -20% 5,432 5,166 2,280 deliveries of few 1,831 products impact
Slide 28: De-risking continues to Deliver
De-risking continues to Deliver Exports Continue to remain Relevant Revenue from Top 10 Customers 30% 30% 35% 36% 34% 27% 23% 21% 70% 70% 65% 64% FY23 FY24 FY25 H1FY26 FY23 FY24 FY25 H1FY26 Exports Domestic LAXMI ORGANIC INDUSTRIES LIMITED | Q2FY26 27
Slide 29: Export Revenue Break-up and Industry Wise Revenue
De-risking continues to Deliver H1FY25 Vs H1FY26 Export Revenue Break-up 23% 26% 33% 39% H1FY25 H1FY26 5% 18% 6% 6% 6% 10% 15% 13% Americas Europe Middle East Rest of Asia Pacific Africa China H1FY25 Vs H1FY26 Industry Wise Revenue 11% 6% 10% 30% 10% 30% 2% 3% H1FY25 H1FY26 34% 17% 29% 18% Agro Indu
Slide 30: Consolidated Profit & Loss – Q2 and H1FY26
Consolidated Profit & Loss – Q2 and H1FY26 Particulars (Rs. Mn) Q2FY26* Q2FY25 Y-o-Y Q1FY26 Q-o-Q H1FY26* H1FY25 Y-o-Y Revenue from operations 6,997 * 7,713 -9.3% 6,929 1.0% 13,927 * 14,894 -6.5% COGS 4,679 4,948 4,794 9,473 9,578 -0 Gross Margin 2,318 2,765 -16.1% 2,136 8.6% 4,454 5,316 -16.2% Gros
Slide 31: Consolidated Balance Sheet
Consolidated Balance Sheet (in INR Mn.) Assets (in INR Mn.) Sep-25 Mar-25 Equity and Liabilities (in INR Mn.) Sep-25 Mar-25 ASSETS EQUITY AND LIABILITIES Non-current assets Equity Share Capital 554 554 Property, Plant and Equipment 14,339 11,617 Other Equity 18,732 18,513 Capital work-in-progress 4,
Slide 32: Consolidated Cash Flow
Consolidated Cash Flow (in INR Mn.) Particulars (in INR Mn.) H1FY26 H1FY25 Profit before Tax 297 1,002 Adjustment for Non-Operating Items 492 532 Operating Profit before Working Capital Changes 788 1,534 Changes in Working Capital 740 (1,662) Cash Generated from Operations 1,528 (127) Less: Direct T
Slide 33: Thank You
Thank You Company: Laxmi Organic Industries Limited Investor Relations: Strategic Growth Advisors Pvt. Ltd. www.laxmi.com www.sgapl.net CIN: L24200MH1989PLC051736 CIN: U74140MH2010PTC204285 Mr. Sagar Shroff / Mr. Tanay Shah Mr. Aniket Hirpara Email: sagar.shroff@sgapl.net / tanay.shah@sgapl.net Emai
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