Summary of Key Information:

Reporting Period (Quarter/Year): Quarter and Half Year ended 30th September 2026

Nature of Filing / Announcement: Outcome of Board Meeting - Financial Results Submission

Audit Opinion:

The Limited Review Report issued by Dassani & Associates LLP and N.K. Bhargava & Co. contains an unmodified conclusion. However, it includes Emphasis of Matters regarding the recognition of subsidy income.

Auditor’s Comment:

The auditors drew attention to:

  • Note 3: Recognition of subsidy income of ₹19,891 lakhs (₹1,341 lakhs in Q1) on sale of closing stock of DAP and TSP during H1 FY27, based on Department of Fertilizers guidelines.
  • Note 5: Recognition of revenue as subsidy income of ₹11,700 lakhs for the period 01.04.2025 to 31.03.2026, accounted for in H1 FY27, related to fixation of New Energy Norms applicable from 01.04.2025 to 31.03.2028.

The conclusion is not modified in respect of these matters.

Key Financial Highlights [₹ Lakhs]:

Standalone Results:

Quarter Ended 30-09-2026:

  • Revenue from Operations: 581,394
  • Total Income: 583,779
  • Net Profit/(Loss): (1,438)
  • EPS: (0.29)

Quarter Ended 30-06-2026:

  • Revenue from Operations: 450,039
  • Total Income: 451,183
  • Net Profit/(Loss): 7,091
  • EPS: 1.45

Half Year Ended 30-09-2026:

  • Revenue from Operations: 1,031,433
  • Total Income: 1,034,962
  • Net Profit/(Loss): 5,653
  • EPS: 1.15

Year Ended 31-03-2026 (Audited):

  • Revenue from Operations: 2,150,142
  • Total Income: 2,156,809
  • Net Profit/(Loss): 16,965
  • EPS: 3.46

Other Equity (Reserves & Surplus):

  • As at 30-09-2026 (Unaudited): 236,317
  • As at 31-03-2026 (Audited): 235,658

Cash and Cash Equivalents:

  • As at 30-09-2026 (Unaudited): 6,329
  • As at 31-03-2026 (Audited): 5,518

Debt:

  • Short-term Borrowings as at 30-09-2026: 456,378
  • Long-term Borrowings as at 30-09-2026: Not Specified
  • Debt:Equity Ratio as at 31-03-2026: 1.39:1

Consolidated Results:

Quarter Ended 30-09-2026:

  • Revenue from Operations: 581,394
  • Total Income: 583,779
  • Net Profit/(Loss): 612
  • EPS: 0.12

Quarter Ended 30-06-2026:

  • Revenue from Operations: 450,039
  • Total Income: 451,183
  • Net Profit/(Loss): 11,338
  • EPS: 2.31

Half Year Ended 30-09-2026:

  • Revenue from Operations: 1,031,433
  • Total Income: 1,034,962
  • Net Profit/(Loss): 11,950
  • EPS: 2.44

Year Ended 31-03-2026 (Audited):

  • Revenue from Operations: 2,150,142
  • Total Income: 2,156,809
  • Net Profit/(Loss): 21,149
  • EPS: 4.31

Other Equity (Reserves & Surplus):

  • As at 30-09-2026 (Unaudited): 241,996
  • As at 31-03-2026 (Audited): 235,040

Cash and Cash Equivalents:

  • As at 30-09-2026 (Unaudited): 6,329
  • As at 31-03-2026 (Audited): 5,518

Debt:

  • Short-term Borrowings as at 30-09-2026: 456,378
  • Long-term Borrowings as at 30-09-2026: Not Specified

Segment-wise Performance [₹ Lakhs]:

Standalone:

Segment Revenue for Q2 FY27:

  • Manufactured Fertilizers: 438,560
  • Manufactured Chemicals: 8,657
  • Traded Imported Fertilizers: 74,495
  • Others: 64,198
  • Elimination: (4,516)

Segment Results for Q2 FY27:

  • Manufactured Fertilizers: (617)
  • Manufactured Chemicals: 102
  • Traded Imported Fertilizers: 4,635
  • Others: 5,396

Consolidated:

Segment Revenue for Q2 FY27:

  • Manufactured Fertilizers: 438,560
  • Manufactured Chemicals: 8,657
  • Traded Imported Fertilizers: 74,495
  • Others: 64,198
  • Elimination: (4,516)

Segment Results for Q2 FY27:

  • Manufactured Fertilizers: (617)
  • Manufactured Chemicals: 102
  • Traded Imported Fertilizers: 4,635
  • Others: 5,396

Corporate Actions:

  • Dividend: Final dividend of ₹1.04 per share (face value ₹10) for FY 2025-26 was approved by shareholders in the AGM held on 22nd September 2026 and paid in October 2026.
  • No other corporate actions like share split, bonus issue, buyback, or capital raising were specified.

Other Significant Information:

  • The company recognized subsidy income of ₹19,891 lakhs on DAP and TSP fertilizers during H1 FY27 based on Department of Fertilizers guidelines.
  • Subsidy income of ₹11,700 lakhs for the period 01.04.2025 to 31.03.2026 was accounted for in H1 FY27 due to fixation of New Energy Norms.
  • The consolidated results include the company's share of net profit after tax from joint ventures: ₹6,297 lakhs for H1 FY27 and ₹2,050 lakhs for Q2 FY27.
  • The joint ventures are: Ramagundam Fertilizers and Chemicals Limited, Urvarak Videsh Limited, and Assam Valley Fertilizers and Chemical Company Limited.
  • Assam Valley Fertilizers and Chemical Company Limited restated its financial statements for FY 2025-26, correcting prior period errors.