Chambal Fertilisers Q2 PAT Rises 6% to INR 635 Crore

Scrip Code(s): BSE/NSE (Not specified in text)

Event Type: Earnings Conference Call for Q2 and H1 FY27 results, hosted by Valorem Advisors.
Date and Time: The call was held on November 4, 2026. A specific time and time zone were not disclosed in the provided text.
Purpose: Discussion of the company's financial results for the quarter and six months ended September 30, 2026, and a business update.
Management Participants: The following management participants were introduced:
Mr. Abhay Baijal - Managing Director
Mr. Narinder Goyal - Business Head of Manufacturing Operations
Mr. Anuj Jain - Chief Financial Officer
Mr. Ashish Srivastava - Vice President of Sales and Marketing
Mr. Vivek Misra - Business Head of TAN
Availability of Materials: The transcript of the conference call is available on the company's website at https://investor.chambalfertilisers.com/EarningCallTranscripts.html. The document is an official filing of this transcript to the exchanges.
Financial Period Discussed: The call discussed the Q2 (Quarter ended September 30, 2026) and H1 (Six months ended September 30, 2026) FY27 results.
Forward-Looking Statements: The call began with a cautionary statement that some forward-looking statements may be made, which are subject to risks and uncertainties. The purpose of the call was stated to be to educate and bring awareness about the company's business and the financial period under review.

Financial & Operational Highlights from Call Transcript:

Standalone Financials (Q2 FY27):

Standalone Financials (H1 FY27):

Consolidated Financials (Q2 FY27):

Consolidated Financials (H1 FY27):

Subsidy Information:

Subsidy received during the quarter: Approximately INR 3,300 crores
Total receivables as of September 30, 2026: INR 4,818 crores, comprising:
Market debtors: INR 661 crores
Subsidy receivables: INR 4,157 crores
An additional INR 1,300 crores was received in October 2026 against these receivables.

Segmental Performance (Q2 FY27):

Urea Segment: Revenue of INR 4,629 crores (vs. INR 3,317 crores YoY). Segment EBIT of INR 668 crores (Margin: 14.44%).
Complex Fertilizer Segment: Revenue of INR 1,978 crores (vs. INR 2,721 crores YoY). Segment EBIT of INR 78 crores (Margin: 3.97%).
Crop Protection/Specialty Nutrients/Seeds Segment: Revenue of INR 325 crores (vs. INR 374 crores YoY). Segment EBIT of INR 87 crores (Margin: 26.76%).
Technical Ammonium Nitrate (TAN) Segment: Revenue of INR 67 crores. Segment EBIT of INR 12 crores (Margin: 17.97%).

Operational Metrics:

Urea Production: 9.13 lakh metric tons in Q2.
Urea Sales: 8.0 lakh metric tons in Q2.
Complex Fertilizer Sales: 3.04 lakh metric tons in Q2.
Crop Protection/Specialty Revenue: INR 325 crores in Q2.
TAN Plant: Commenced commercial production in Q2. Weak Nitric Acid (WNA) and Ammonium Nitrate Solutions (ANS) operating at optimum levels; High Density Ammonium Nitrate (HDAN) is being ramped up and was at 80-85% capacity utilization by the end of the call.
New Products: 13 products launched in H1 FY27 out of 14 planned for the full year.

Contextual Challenges:

Management cited a challenging operating environment due to:

Geopolitical uncertainties keeping energy-linked input costs elevated.
El Niño conditions and a 12% monsoon deficit in India affecting crop planting and application windows.
Volatile global conditions for raw materials and finished fertilizers.
Awaiting government announcement of Rabi subsidy rates.

Attachment: The document intimates the exchanges that the transcript of the analyst call is enclosed and has been uploaded to the company website.
Financial Data: This announcement itself does not contain the primary financial data; it is an intimation letter filing the transcript of a call where financial data was discussed. The summarized financial figures are extracted from that transcript.