Speciality chemicals manufacturer Chemplast Sanmar saw its shares surge 11.44% to ₹237 apiece in Monday's trade, accompanied by a sharp uptick in trading volumes, with 16.5 million shares changing hands across the BSE and NSE.
The stock has been on an upward trajectory in recent sessions, as investors appeared to cheer the company's better-than-expected performance in the September quarter, pushing it to its highest level since May.
The company on Wednesday, reported a 28% year-on-year increase in consolidated revenue to ₹1,323 crore in the September quarter of FY27, compared with ₹1,033 crore in the corresponding quarter last year. Revenue also increased 17.6% sequentially from ₹1,125 crore in Q1 FY27.
The company's operating performance improved significantly, with EBITDA rising to ₹111 crore in Q2 FY27 from ₹43 crore in Q2 FY26, marking a growth of 158%. This was also a sharp recovery from the EBITDA loss of ₹115 crore reported in the preceding quarter.
At the net level, Chemplast Sanmar's loss narrowed substantially to ₹5 crore in Q2 FY27, compared with a loss of ₹51 crore in Q2 FY26 and ₹176 crore in Q1 FY27.