Key Financial Results

Quarterly Performance (Q2 FY27 vs Q2 FY26)

  • Revenue from Operations: ₹29,551.48 lakhs (vs ₹24,565.73 lakhs in Q2 FY26)
  • Net Profit: ₹1,916.76 lakhs (vs ₹1,728.34 lakhs in Q2 FY26) - 10.9% increase
  • Basic EPS: ₹5.42 per share (vs ₹4.88 per share)

Half-Yearly Performance (H1 FY27 vs H1 FY26)

  • Revenue from Operations: ₹52,031.07 lakhs (vs ₹43,597.08 lakhs in H1 FY26)
  • Net Profit: ₹3,623.20 lakhs (vs ₹3,331.66 lakhs in H1 FY26) - 8.7% increase
  • Basic EPS: ₹10.24 per share (vs ₹9.42 per share)

Segment-wise Performance (H1 FY27)

  • Fertilizers, Micro Nutrients & Chemicals: Revenue ₹51,549.68 lakhs, Segment Result ₹6,125.64 lakhs
  • Soya/Agri: Revenue ₹481.39 lakhs, Segment Loss ₹(55.94) lakhs

Dividend Declaration

  • First interim dividend of ₹0.50 per equity share (10% on face value of ₹5 each) for FY 2026-2027
  • Record Date: Friday, November 20, 2026
  • Payment Date: On or after December 08, 2026
  • Promoters holding 26,539,512 equity shares (face value ₹5 each) have waived/forgone right to receive dividend

Expansion Project Update

  • Ministry of Environment, Forest and Climate Change (MoEF&CC) has granted Standard Terms of Reference (ToR) for proposed expansion of Nardana (Dhule) facility
  • Process to obtain final Environmental Clearance (EC) is currently underway
  • Trial production of Single Super Phosphate (SSP) fertilizer commenced on November 11, 2026 under Phase I
  • Full-scale commercial production expected shortly after receiving statutory approvals
  • Current total aggregate SSP production capacity: 9.14 lakh MTPA
  • Phase II activities have started

Proposed Expansion Capacity Details

| Product | Existing (TPA) | Proposed (TPA) | Total (TPA) |

| Single Super Phosphates (SSP) and Urea-SSP Complex | 216,000 | 84,000 | 300,000 |

| Complex Fertilizer - NPK/DAP & other Grades | 0 | 180,000 | 180,000 |

| Phosphoric Acid (25%) | 0 | 144,000 | 144,000 |

| Sulphuric Acid (98%), 23% Oleum (1st Plant) | 90,000 | 18,000 | 108,000 |

| Sulphuric Acid (98%), 23% Oleum (2nd Plant) | 0 | 108,000 | 108,000 |

Auditor Appointment

  • Mr. Harshvardhan Tarkas, Practicing Company Secretary (Certificate of Practice No. 24169; Peer Review Firm No. 5745/2024) appointed as Secretarial Auditor
  • Appointment fills casual vacancy caused by demise of Mr. Ashok Patel of M/s. Ashok Patel & Associates (Certificate of Practice No. 15326)
  • Term: From November 13, 2026 until conclusion of next Annual General Meeting
  • Will conduct secretarial audit for Financial Year 2026-2027

Financial Position (as of September 30, 2026)

  • Total Assets: ₹78,784.23 lakhs
  • Total Equity: ₹45,831.02 lakhs
  • Total Liabilities: ₹32,953.21 lakhs
  • Current Assets: ₹55,790.12 lakhs
  • Current Liabilities: ₹29,284.80 lakhs
  • Borrowings: ₹18,768.77 lakhs (Current: ₹16,742.37 lakhs, Non-current: ₹2,026.40 lakhs)

Additional Information

  • Company has long-term credit rating of "A-" by ICRA
  • No subsidiary, associate, or joint venture companies as of September 30, 2026
  • Financial results prepared in compliance with Indian Accounting Standards (Ind-AS)
  • Results reviewed by Audit Committee and Statutory Auditors (Dayal and Lohia, Chartered Accountants)
  • Meeting duration: 11:00 a.m. to 12:55 p.m.