Company Disclosures: Q1 FY27 Financial Results

Consolidated Financial Performance (Q1 FY27 vs Q1 FY26 vs Q4 FY26)

Revenue from Operations: ₹280.1 Crores (up 10.0% YoY from ₹254.5 Crores, and up 28.4% QoQ from ₹218.2 Crores)

Profitability Metrics:

  • Gross Profit: ₹89.2 Crores (up 6.3% YoY from ₹83.9 Crores)
  • Gross Margin %: 31.9% (down from 33.0% YoY)
  • EBITDA: ₹31.9 Crores (up 9.7% YoY from ₹29.1 Crores)
  • EBITDA Margin %: 11.4% (flat YoY)
  • PBT: ₹27.8 Crores (up 7.8% YoY from ₹25.8 Crores)
  • PBT Margin %: 9.9% (down from 10.1% YoY)
  • PAT: ₹22.9 Crores (up 9.4% YoY from ₹21.0 Crores)
  • PAT Margin %: 8.2% (flat YoY)

Consolidated Volume Performance (in MT)

| Segment | Q1 FY27 | Q1 FY26 | YoY Change | Q4 FY26 | QoQ Change |

| Chemicals | 9,113 | 14,837 | (38.6)% | 13,725 | (33.6)% |

| Fertilisers| 66,527 | 76,288 | (12.8)% | 50,514 | 31.7% |

| Total | 75,640| 91,125| (17.0)%| 64,239| 17.7% |

Consolidated Segmental Revenue (₹ Crores)

| Segment | Q1 FY27 | Q1 FY26 | YoY Growth | Q4 FY26 | QoQ Growth |

| Chemicals | 137.9 | 117.7 | 17.1% | 126.4 | 9.1% |

| Fertilisers| 142.2 | 136.8 | 4.0% | 91.8 | 54.9% |

| Total | 280.1| 254.5| 10.0% | 218.2| 28.4% |

Segment contribution: Fertilisers 51%, Chemicals 49% to total sales value.

Other Financial Highlights

  • Non-Lien Deposit facility available: ₹124.9 Crores

Business Developments & Expansion Plans

Land Acquisition: The Company acquired approximately 30,000 sq. metres of land adjacent to its existing Unit 1 at Lote Parshuram for ₹9.33 Crores to support future expansion plans.

Subsidiary Expansion: Expansion of Madhya Bharat Phosphate Private Limited (wholly owned subsidiary) at Meghnagar, Jhabua, Madhya Pradesh is progressing as planned with civil work ongoing. 25% of the proceeds from the preferential issue have been directed towards this Meghnagar Unit 8 project.

Capex Projects Status:

| Location | Project | Capex Planned (₹ Cr) | Capex Incurred (₹ Cr) | Capex Outstanding (₹ Cr) | Target Completion |

| Meghnagar, MP | Complex Fertilisers (3,00,000 MTPA) | 350 | 60 | 290 | March 2028 |

| Ratnagiri, MH | Complex Fertilisers (1,50,000 MTPA) + Acid (66,000 MTPA) | 85 | 72 | 13 | September 2026 |

| Ratnagiri, MH | Capacity Expansion (6,000 MTPA) | 37 | 37 | 0 | August 2026 |

| Nanded, MH | Solar (10 MW DC under open access) | 35 | 35 | 0 | August 2026 |

| Hisar, HR | Solar (1.1 MW DC captive) | 5 | 5 | 0 | Commissioned Q4 FY26 |

Total Capex: Planned ₹512 Crores, Incurred ₹209 Crores, Outstanding ₹303 Crores.

Additional Capacity Targets: 4,50,000 MTPA additional Fertiliser capacity and 72,000 MTPA additional Chemical capacity.

Management Commentary

Mr. Punit Makharia, Chairman and Managing Director, commented on the performance:

  • Q1 FY27 performance was positive despite global supply chain challenges and elevated raw material prices
  • Lower volumes were offset by improved realizations supporting higher sales value
  • Ratnagiri Unit 5 and Unit 6 are nearing completion, with timing of commencement being carefully evaluated due to raw material volatility
  • The company remains focused on advancing expansion initiatives, strengthening manufacturing capabilities, and increasing capacity
  • Continued investments across Fertiliser, Chemical and renewable energy businesses are expected to support growth plans

Conference Call Details

Scheduled for Thursday, August 13, 2026, at 4:00 PM IST with universal access numbers provided for domestic and international participants.

Company Background

Shree Pushkar Chemicals & Fertilisers Limited is a zero-waste chemical company operating 9 facilities and 3 solar plants, offering integrated dye manufacturing solutions with diversified portfolio including dyestuffs, dye intermediates, acids, fertilisers, and animal feed additives.