Indogulf Cropsciences Limited filed its un-audited financial results for Q1 FY27 (quarter ended June 30, 2026) pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Financial Performance (Consolidated)
Revenue from Operations: ₹1,685 million in Q1 FY27, compared to ₹1,894 million in Q1 FY26 (-11% YoY) and ₹1,508 million in Q4 FY26 (+12% QoQ).
EBITDA (excluding other income): ₹96 million in Q1 FY27, compared to ₹99 million in Q1 FY26 (-4% YoY) and ₹204 million in Q4 FY26 (-53% QoQ).
EBITDA Margin: 6% in Q1 FY27, compared to 5% in Q1 FY26 (47 bps improvement) and 14% in Q4 FY26 (-833 bps).
Profit After Tax (PAT): ₹24 million in Q1 FY27, compared to ₹39 million in Q1 FY26 (-38% YoY) and ₹116 million in Q4 FY26 (-79% QoQ).
PAT Margin: 1% in Q1 FY27, compared to 2% in Q1 FY26 (-57 bps) and 8% in Q4 FY26 (-657 bps).
EPS: ₹0.4 in Q1 FY27, compared to ₹0.8 in Q1 FY26 (-53% YoY) and ₹2.3 in Q4 FY26 (-83% QoQ).
Business Performance Highlights
Integrated Agri-Solutions: The company continued strengthening its portfolio across crop protection, plant nutrients, and biologicals, supporting farmers across the complete crop lifecycle.
Farmer Engagement: Engaged with 100,000+ farmers through an on-ground network of 100+ IDOs (Integrated Development Officers), supported by field demonstrations, trials, scientific farming, and advisory-led initiatives.
Distribution Platform: Operates through 7,000+ distributors, 192 active institutional partners, 30+ stock depots, and 333 sales & marketing personnel across India.
Global Presence: Operations across 36+ countries with 140+ active overseas business partners, supported by 189 registrations.
Manufacturing Utilization: Capacity utilization increased to 70% in Q1 FY27 from 52% in FY26. Expansion of the Barwasni facility continues.
Innovation & Biologicals: Portfolio includes 300+ products, 1,000+ registrations, and 6 patents. Strategic focus on expanding biological and sustainable solutions.
Management Commentary
Sanjay Aggarwal, Managing Director, commented on the performance:
- The company entered the new fiscal year on a resilient note despite macro-market headwinds
- Delivered 12% sequential revenue recovery to ₹1,685 million
- Gross profit grew 12% YoY to ₹466 million
- Gross margin improved to 28%
- Vision is to be a farmer's friend across the complete crop lifecycle
- Expanding beyond crop protection into plant nutrients and biologicals
- Priorities include deepening farmer engagement, expanding sustainable solutions, strengthening biologicals, improving operational efficiencies, and growing global presence
Company Background
Founded in 1993 and headquartered in New Delhi, Indogulf Cropsciences Ltd is engaged in manufacturing and distribution of crop protection products, plant nutrients, and biologicals. The company has manufacturing facilities across Haryana and Jammu & Kashmir.