Financial Performance Summary (₹ in Lacs)

Q2 FY27 Results (Quarterly)

  • Revenue from Operations: ₹29,551 (20% increase YoY from ₹24,566 in Q2 FY26)
  • Total Income: ₹29,574 (20% increase YoY)
  • EBITDA: ₹3,197 (18% increase YoY)
  • EBITDA Margin: 10.81% (vs 11.02% in Q2 FY26)
  • PBT: ₹2,624 (15% increase YoY)
  • PBT Margin: 8.87% (vs 9.31% in Q2 FY26)
  • PAT: ₹1,917 (11% increase YoY)
  • PAT Margin: 6.48% (vs 7.03% in Q2 FY26)
  • EPS: ₹5.42 (on face value ₹5/share, 11% increase YoY)

H1 FY27 Results (Half-Yearly)

  • Revenue from Operations: ₹52,031 (19% increase YoY)
  • Total Income: ₹52,129 (19% increase YoY)
  • EBITDA: ₹6,062 (12% increase YoY)
  • PAT: ₹3,622 (9% increase YoY)
  • EPS: ₹10.24 (9% increase YoY)

Expense Breakdown (Q2 FY27)

  • Cost of Materials Consumed: ₹18,841 (46% increase YoY)
  • Purchase of Stock in Trade: ₹1,270 (293% increase YoY)
  • Employee Benefit Expenses: ₹864 (3% decrease YoY)
  • Finance Cost: ₹392 (77% increase YoY)
  • Depreciation & Amortization: ₹181 (10% decrease YoY)

Balance Sheet Position (as of September 30, 2026)

Assets (₹ in Lakhs)

  • Total Assets: ₹78,784.23 (vs ₹71,922.11 as of March 31, 2026)
  • Property, Plant and Equipment: ₹15,501.60
  • Capital Work-in-Progress: ₹6,948.04 (significant increase from ₹4,752.43)
  • Inventories: ₹21,777.71
  • Trade Receivables: ₹8,440.11
  • Government Subsidies Receivable: ₹15,808.25

Liabilities and Equity (₹ in Lakhs)

  • Total Equity: ₹45,831.02 (vs ₹42,246.72)
  • Equity Share Capital: ₹1,767.43 (unchanged)
  • Borrowings (Non-Current): ₹2,026.40 (vs ₹547.88)
  • Borrowings (Current): ₹16,742.37 (vs ₹13,172.78)
  • Trade Payables (MSME): ₹2,213.77
  • Trade Payables (Others): ₹5,968.00

Operational Highlights

  • Achieved highest quarterly revenue in company history at ₹29,551 lacs
  • Subsidy for H2 FY27 increased by ₹3,575/MT from ₹8,149/MT to ₹11,724/MT
  • Successful trial run of SSP plant at Dhule facility completed
  • Udaipur new plant projects expected to be commissioned in last week of November 2026
  • Core focus on value-added products
  • ICRA A- credit rating maintained

Dhule Plant Project Status

  • Phase-I Trial Production: Successfully commenced for SSP fertilizer
  • Capacity: 216,000 MTPA
  • Statutory Approvals: Awaiting requisite approvals from appropriate authorities
  • Full-Scale Commercial Production: Expected shortly after receipt of approvals

Company Overview

  • Manufacturing portfolio includes SSP Fertilizer, Sulphuric Acid, Oleum, Chlorosulfonic Acid, Edible Soya Oil, Soya De Oiled Cake, and various micronutrients
  • Total installed capacity: SSP: 979,000 MT | Sulphuric Acid: 301,100 MT
  • Manufacturing plants located at Udaipur, Nimbahera, Indore, Dhule (proposed), and Pune
  • Strategically located plants across top 11 states of India
  • Robust network: 2000+ wholesalers & 11000+ retailers pan-India

Vision Statement

  • Achieve ₹2,000+ Cr turnover with focus on Chemicals and Fertilizers segments
  • Expand fertilizer product portfolio into Complex P&K, NPK, DAP, value-added Urea Complex fertilizers
  • Strengthen market leadership as one-stop Agri-solutions provider
  • Expand manufacturing capacity through Dhule Complex commissioning
  • Diversify products and drive operational excellence through R&D and automation
  • Promote sustainable growth through green manufacturing and community welfare