The stock hit the upper circuit at ₹173.35 and has now risen in 11 of the last 13 trading sessions, gaining nearly 36% during the period. More than 3 crore shares had changed hands by the afternoon session.
One of the key developments during the June quarter was an increase in promoter ownership. Promoter shareholding rose to 62.28% as of June 2026 from 57.48% at the end of March.
According to the latest shareholding pattern, domestic mutual funds held a 0.02% stake in the company, while retail investors holding share capital of up to ₹2 lakh owned 21.86%.
On the financial front, IOL Chemicals reported a largely stable performance in the March quarter. Net profit remained flat year-on-year at ₹20.6 crore, while revenue increased 11% to ₹580.4 crore.
Operating performance improved during the quarter, with EBITDA rising 22% year-on-year to ₹57.2 crore. The EBITDA margin expanded to 9.9% from 8.9% a year earlier.
At last count, shares of IOL Chemicals were locked at the 20% upper circuit at ₹173.35.
