Regulatory Filing: This document is a regulatory filing submitted to the National Stock Exchange of India Ltd pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. It contains the company's results presentation for Q2 FY27 (quarter ended September 30, 2026).

Financial Performance Highlights:

  • Q2 FY27 Performance: Revenue grew 59% YoY to ₹715 crore, EBITDA increased 107% to ₹128 crore, and PAT rose 155% to ₹78 crore
  • H1 FY27 Performance: Revenue stood at ₹1,135 crore (up 32% YoY), EBITDA at ₹197 crore (up 66% YoY), and PAT at ₹111 crore (up 89% YoY)
  • Operational Metrics: NPK/DAP sales were 92,381 tons (down 21% YoY), while SSP sales were 1,25,392 tons (up 6% YoY)
  • EPS: H1 FY27 EPS stood at ₹2.52, representing 89% growth YoY (adjusted for 1:5 stock split)

Capacity Expansion & Operational Update:

  • Commissioned new capacities: SSP (MH) 3.30 lakh MT, NPK/DAP (MP) 90,000 MT, SA(MP) 1.65 lakh MT & SA(MH) 1.98 lakh MT
  • Total capacities reached: SSP 5.70 Lakh MT, NPK/DAP 3.30 Lakh MT, SA 5.28 Lakh MT
  • Capacity utilization rates: SSP 98% (FY26), NPK/DAP 100% (FY26), Sulphuric Acid 92% (FY26), Phosphoric Acid 49% (FY26)
  • Planning expansion from ~0.9 million MT to 1.6 million MT capacity

Strategic Initiatives:

  • Green Ammonia Agreement: Signed 10-year agreement with SECI for 1.30 lakh MT annual green ammonia supply under India's National Green Hydrogen Mission
  • Stock Split: Implemented 1:5 equity share split in July 2026, reducing face value from ₹10 to ₹2
  • Fundraising: Completed ₹300 crore preferential issue of equity shares for capex, working capital, and corporate purposes
  • Geographical Expansion: Expanded presence from 14 states to pan-India, focusing on Western and Southern markets

Market Outlook & Policy Support:

  • Government approved 64% hike in Nutrient-Based Subsidy (NBS) rates for Rabi 2026-27 season with total outlay of ₹62,370 crore
  • Enhanced per-kilogram support for Nitrogen, Phosphorus, and Sulphur alongside dedicated domestic Sulphur package
  • India's fertilizer inventory stood at 23.52 mn tonnes as of 10 November 2026, up 35.6% YoY
  • NPK fertiliser stocks increased 43.4% YoY to ~6.09 mn tonnes

Management Commentary:

Chairman M.K. Ostwal stated: "MBAPL has delivered its strongest-ever quarterly and half-yearly performance, reflecting the strength of our business model, operational capabilities and continued focus on sustainable growth. Despite challenges arising from supply-chain disruptions, raw material volatility and an uneven monsoon, we have achieved strong growth across revenue, EBITDA and profitability."

ESG Initiatives:

  • Plants operating under zero liquid discharge
  • 100% water recycled and reused
  • 29% renewable green energy through waste heat recovery
  • 3.25 MW solar capacity + 9.07 MW TG under pipeline
  • 100% regulatory compliance rating and stack compliance achieved

Additional Notes Section

  • The results presentation has been uploaded on the company's website as required by regulations
  • The document includes forward-looking statements with appropriate safe harbor disclosures
  • The document contains extensive operational data, financial metrics, and market outlook information