Q1 FY2027 Financial Performance Summary

Revenue Performance

  • Revenue from operations: ₹256 crores in Q1 FY2027
  • Decline of 9.2% YoY compared to ₹282 crores in Q1 FY2026
  • Primary decline due to softer demand for Company's Herbicide, Pretilachlor
  • Export sales: ₹89 crores in Q1 FY2027 (marginal increase from ₹87 crores in Q1 FY2026)
  • Export growth supported by stable international demand

Profitability Metrics

  • Gross Profit: ₹127 crores in Q1 FY2027
  • Gross Margin: 49.6% in Q1 FY2027 (compared to 44.7% in Q1 FY2026)
  • EBITDA: ₹39 crores in Q1 FY2027
  • EBITDA Margin: 15.4% in Q1 FY2027 (compared to 18.4% in Q1 FY2026)
  • EBIT: ₹34 crores in Q1 FY2027
  • EBIT Margin: 13.1% in Q1 FY2027 (compared to 17.2% in Q1 FY2026)
  • Profit Before Tax (PBT): ₹31 crores
  • PBT Margin: 12.2%
  • Profit After Tax (PAT): ₹23 crores in Q1 FY2027
  • PAT Margin: 8.9% in Q1 FY2027 (compared to 12.3% in Q1 FY2026)
  • EPS: ₹1.98 in Q1 FY2027 (compared to ₹3.03 in Q1 FY2026)

Cost Structure

  • Other Expenses increased to ₹14 crores (from ₹8 crores in Q1 FY2026)
  • Increase due to higher job-work conversion volumes and increase in processing rates per kg
  • Higher employee and fuel costs impacted profitability
  • Elevated channel inventory affected performance

Comparative Performance

| Metric | Q1 FY2027 | Q1 FY2026 | YoY Change | Q4 FY2026 | QoQ Change | FY2026 | FY2025 |

| Gross Profit (₹ Cr) | 127 | 127 | 0.0% | 126 | 0.8% | 498 | 385 |

| Gross Margin (%) | 49.6% | 44.7% | - | 46.6% | - | 46.2% | 45.6% |

| EBITDA (₹ Cr) | 39 | 52 | (25.0%) | 46 | (15.2%) | 194 | 134 |

| EBITDA Margin (%) | 15.4% | 18.4% | - | 17.0% | - | 18.0% | 15.9% |

| EBIT (₹ Cr) | 34 | 49 | (30.6%) | 41 | (17.1%) | 173 | 116 |

| EBIT Margin (%) | 13.1% | 17.2% | - | 15.1% | - | 16.1% | 13.8% |

| PAT (₹ Cr) | 23 | 35 | (34.3%) | 31 | (25.8%) | 120 | 82 |

| PAT Margin (%) | 8.9% | 12.3% | - | 11.3% | - | 11.1% | 9.7% |

| EPS (₹) | 1.98 | 3.03 | (34.7%) | 2.66 | (25.6%) | 10.40 | 7.14 |

Strategic and Operational Highlights

Regulatory Approval

  • Received Technical Equivalence (TEQ) approval from European Union for one of the fungicide products
  • Approval strengthens international market presence
  • Enhances ability to serve global customers
  • Creates opportunities for expanding export business

Management Commentary

Mr. Dheeraj Kumar Jain, Chief Executive Officer, commented:

  • Company commenced FY27 amid challenging operating environment in domestic agrochemical market
  • Focus on operational efficiency, cost management, and disciplined execution
  • Achievement reflects continued focus on innovation and product development
  • Strengthening position as trusted partner in global agrochemical industry

CSR Initiatives

  • Sustainability and community development remain important part of growth journey
  • Committed to supporting farmers and strengthening rural communities
  • Promoting sustainable practices through initiatives:
  • "Samagra Sudhar" - rural development programs
  • "Chuppi Tod; Halla Bol" - awareness programs, education support and child welfare initiatives

Outlook

  • Confident in growth prospects supported by:
  • Improving demand across domestic and export markets
  • Favourable agricultural conditions
  • Continued focus on operational efficiencies
  • Future focus areas:
  • Strengthen product portfolio
  • Expand international presence
  • Enhance manufacturing capabilities
  • Company positioned to deliver sustainable growth through:
  • Integrated value chain
  • Strong customer relationships
  • Commitment to innovation and excellence

Additional Information

  • Mr. Dheeraj Kumar Jain, CEO, conferred Lifetime Achievement Award by PMFAI Agribusiness Foundation
  • Manufacturing facilities located in Lucknow and Hardoi districts of Uttar Pradesh
  • Two in-house research and development centers registered with Department of Scientific and Industrial Research
  • Products supplied across more than 25 countries
  • Company founded in 1984, R&D-driven chemical manufacturer
  • Produces agrochemical technicals, active pharmaceutical ingredients, and branded formulations

Company Background

India Pesticides Limited offers portfolio of herbicides, fungicides, insecticides, and intermediates. The company maintains capabilities to design, test, and commercialize complex off-patent molecules in cost-effective and environmentally responsible manner. Growth strategy emphasizes backward integration, capacity expansion, product innovation, reducing import dependencies, and aligning with India's Aatma Nirbhar Bharat initiative.