* Gem Aromatics Limited held a conference call on November 14, 2025, to discuss Q2 & H1 FY26 results. * The company's IPO was undertaken to strengthen the balance sheet for partial repayment of borrowings and to support long-term growth plans. * Phase-II of Krystal Ingredients, which will drive the next leg of growth, is expected to commence on November 30th. * The Phase-II of the new plant at Dahej will be commissioned by the end of November with an additional capacity at 10,829 metric tons. * Revenue from operations stood at ₹89.5 crores for the quarter. EBITDA for the quarter was ₹3 crores, reflecting an EBITDA margin of 3.4%. The company reported a net loss of ₹2.6 crores for the quarter and Cash PAT stood at ₹0.5 crore. * For the first half of FY '26, revenue from operations stood at ₹177.2 crores. EBITDA for the period was ₹17.9 crores with an EBITDA margin of 10.1%. Net profit of H1 FY '26 was ₹5.4 crores, resulting in a PAT margin of 3.1%. Cash PAT for the first half was ₹10.3 crores. * The company repaid ₹140 crores split into ₹97.4 crores of long-term debt pertaining to Krystal Ingredients and an additional of ₹42.6 crores of working capital borrowings at GEM Aromatics, improving the net debt to equity ratio down to 0.3x from 0.8x earlier. * Yash Parekh mentioned that the company is fast-tracking value-added products to mitigate the impact of GST and tariff-related challenges. The company is aiming for revenue in the range of about ₹1,050 - ₹1,100 crores with an EBITDA of about 16%-18% in FY28.
