Financial Performance - Q2 FY27 (Consolidated)

  • Revenue from operations: ₹256 crore, representing 3% year-on-year growth despite weak monsoon conditions
  • Sequential revenue growth: 52% quarter-on-quarter improvement, reflecting improved business momentum
  • EBITDA (excluding other income): ₹41 crore, showing 27% year-on-year growth
  • EBITDA margin: 16% (15.9% specifically), expanding by 300 basis points year-on-year
  • PAT: ₹26 crore, representing 24% year-on-year growth
  • PAT margin: 10%, improving from 8% in the previous year
  • Margin expansion supported by favourable product mix, higher contribution from high-margin products, and disciplined cost management
  • Lower finance costs and improved operating efficiencies further supported profitability

Financial Performance - H1 FY27 (Consolidated)

  • Revenue from operations: ₹424 crore, showing marginal decline of 3% year-on-year amid subdued Kharif demand
  • Gross profit: ₹123 crore, representing 7% year-on-year growth
  • Gross margin: 29%, improving from 26% in the previous year
  • EBITDA (excluding other income): ₹50 crore, showing 20% year-on-year growth
  • EBITDA margin: 12%, expanding from 10% in the previous year
  • PAT: ₹28 crore, representing 14% year-on-year growth
  • PAT margin: 7%, improving from 6% in the previous year
  • Margin improvement reflects improved product mix and continued focus on operational efficiencies

Recent Developments

  • Managing Director Mr. Sanjay Aggarwal received the 17th Visionary Leadership Award 2026 on July 8, 2026
  • Award presented by Raksha Mantri Shri Rajnath Singh at the Agriculture Leadership Conclave & Awards 2026 in New Delhi
  • Recognition for visionary leadership and contribution to sustainable crop protection, innovation and farmer empowerment

Management Commentary

Mr. Sanjay Aggarwal, Managing Director, expressed satisfaction with Q2 performance highlighting 27% EBITDA growth and 24% PAT growth with healthy margin expansion. He attributed this to strength of product portfolio, growing share of value-added products, and disciplined execution. For H1 FY27, he noted 20% EBITDA growth and 14% PAT growth with strong business momentum entering the second half.

He highlighted exciting opportunities in Indian agriculture and agri-inputs industry driven by national focus on farm productivity, growing adoption of modern crop protection and nutrition, and shift towards sustainable biological solutions. Globally, customers are diversifying sourcing towards reliable Indian suppliers, creating significant export opportunities.

The company is strengthening biologicals and plant nutrients portfolio, deepening farmer engagement through advisory-led model, enhancing manufacturing capabilities including dry flowable plant, and expanding presence across Latin America, Africa, Southeast Asia and Middle East.

Company Background

Indogulf Cropsciences Limited is an integrated agri-solutions company founded in 1993, headquartered in New Delhi. The company manufactures and distributes crop protection products, plant nutrients and biologicals with diversified portfolio of 300+ products backed by 1,000+ registrations. Serves customers in 36+ countries through network of 7,500+ distributors engaging with over 100,000 farmers.

Operates four manufacturing facilities: three in Haryana (Nathupur I, Nathupur II and Barwasni) and one at Samba in Jammu & Kashmir, supported by NABL-accredited R&D laboratory. Equity shares listed on NSE and BSE on July 3, 2025.

FY26 financials: Total Income ₹712 crore, EBITDA ₹81 crore, Net Profit ₹40 crore.

Forward-Looking Statements Disclaimer

The document contains forward-looking statements subject to risks and uncertainties including government actions, local/political/economic developments, technological risks, and other factors that could cause actual results to differ materially. The company undertakes no obligation to publicly update these statements.