Summary of Key Information:
Reporting Period: Quarter and half-year ended 30 September 2026
Nature of Filing / Announcement: Outcome of Board Meeting under SEBI Listing Regulations
Audit Opinion:
Limited Review Report issued by Walker Chandiok & Co LLP - Clean opinion with emphasis of matter regarding Income Tax search operation.
Auditor's Comment: The auditor drew attention to Note 5 regarding a search and seizure operation carried out by the Income Tax Department during the year ended 31 March 2024. The impact of this matter on the financial results is presently not ascertainable.
Key Financial Highlights [Amount in ₹ crores]:
Standalone Results:
Quarter Ended 30 September 2026:
- Revenue from Operations: ₹407.12 (21% decline YoY from ₹516.83 in Q2 FY26)
- Total Income: ₹408.57
- EBITDA: ₹101 crore (30% growth YoY)
- Net Profit: ₹57 crore (48% growth YoY)
- EPS: ₹1.62 (basic and diluted)
- Other Equity: ₹499.52
- Cash and Cash Equivalents: ₹13.69
Half-Year Ended 30 September 2026:
- Revenue from Operations: ₹803.32 (11% decline YoY from ₹898.07 in H1 FY26)
- Total Income: ₹806.57
- EBITDA: ₹212 crore (45% growth YoY)
- Net Profit: ₹98 crore (67% growth YoY)
- EPS: ₹2.77 (basic and diluted)
Margin Performance:
- Q2 FY27 EBITDA Margin: 25% (vs 15% in Q2 FY26)
- Q2 FY27 PAT Margin: 14% (vs 8% in Q2 FY26)
- H1 FY27 EBITDA Margin: 22% (vs 14% in H1 FY26)
- H1 FY27 PAT Margin: 12% (vs 10% in H1 FY26)
Consolidated Results:
Quarter Ended 30 September 2026:
- Revenue from Operations: ₹407.12
- Total Income: ₹408.57
- Net Profit: ₹57.46
- EPS: ₹1.62 (basic and diluted)
Half-Year Ended 30 September 2026:
- Revenue from Operations: ₹803.32
- Total Income: ₹806.57
- Net Profit: ₹98.11
- EPS: ₹2.77 (basic and diluted)
Segment-wise Performance:
As per Ind AS 108, the Company operates in a single business segment: "Agro chemical products"
Corporate Actions:
- Approved proposal for grant of Employee Stock Options under Best Agrolife Employee Stock Option Scheme, 2024
- Dividend: The Board had recommended a dividend of ₹0.10 per equity share of ₹1 each for FY26, approved by shareholders on 29 September 2026
Other Significant Information:
Management Commentary:
- Challenging quarter due to irregular monsoon rainfall, delayed sowing, and subdued domestic crop protection demand
- Strategic shift towards patented product portfolio contributing to margin expansion
- Sales return percentage declined in H1 FY27 compared to H1 FY26
- International business advancements: 47-metric-tonne shipment to Sudan, registration of Ronfen in Nepal, registration of Lambda technical in Mexico
Cost Discipline:
- Operating expenses (excluding finance costs and depreciation) declined 12% YoY in Q2 FY27 and 5% in H1 FY27