Dyes & Pigments company Shree Pushkar Chemicals & Fertilisers announced Q2FY26 results Revenue from Operations: Rs 255.1 crore compared to Rs 175.6 crore during Q2FY25, change 45.2%. EBITDA: Rs 26.2 crore compared to Rs 19.1 crore during Q2FY25, change 37.5%. EBITDA Margin: 10.3% for Q2FY26. PBT: Rs 21.9 crore compared to Rs 15.9 crore during Q2FY25, change 37.4%. PAT: Rs 18.2 crore compared to Rs 13.3 crore during Q2FY25, change 36.7%. Punit Gopikishan Makharia, Chairman & Managing Director said: “In continuation of our growth momentum of the previous quarter, Shree Pushkar is pleased to share that we have delivered strong performance across both, Fertiliser and Chemical segments. During the quarter, Revenue from Operations was Rs 255 crore a growth of 45.2% YoY. The strong performance was due to an increase in both realization and demand across both segments. From a profitability perspective we delivered EBITDA of Rs 26.2 crore with a margin of 10.3%, a growth of 37.5% YoY and PAT of Rs 18.2 crore with a margin of 7.1%, a growth of 36.7% YoY. Apart from the two ongoing capacity expansion plans at Ratnagiri Unit 5 and 6, the Board of Directors has approved a new expansion plan at Meghnagar unit 8 by adding a capacity of 3.0 lakh MTPA. This new facility will be used to cater to the Fertiliser division and has been planned with an investment outlay of Rs 350 crore to be commissioned by FY28. Similar to the ongoing expansions, the new project will also be funded through a combination of internal accruals and preferential allotment. With Shree Pushkar being a unique zero waste company, we have placed a strong emphasis on sustainable growth through circular manufacturing, complete integration, and renewable energy adoption. The Company currently operates a solar plant with a capacity of 9.5 MWDC and two additional installations coming up, taking the total combined capacity to 20.6 MWDC. Together, these initiatives enhance energy self-reliance, lower carbon emissions, and strengthen long-term environmental sustainability. These strategic growth initiatives, backed by full integration and a strong focus on sustainability will support Shree Pushkar’s growth momentum, enhance profitability, and maintain cost discipline, while creating longterm shareholder’s value.” Result PDF
Dyes & Pigments company Shree Pushkar Chemicals & Fertilisers announced Q1FY26 results Revenue from Operations: Rs 254.5 crore compared to Rs 194.2 crore during Q1FY25, change 31.10%. EBITDA: Rs 29.1 crore compared to Rs 17.7 crore during Q1FY25, change 64.80%. EBITDA Margin: 11.40% for Q1FY26. PBT: Rs 25.8 crore compared to Rs 15.1 crore during Q1FY25, change 71.1%. PAT: Rs 21.0 crore compared to Rs 12.8 crore during Q1FY25, change 63.20%. PAT Margin: 8.20% for Q1FY26. Punit Gopikishan Makharia, Chairman & Managing Director, said: “Reflecting on our Q1FY26 performance, I am pleased to share that the company has delivered solid growth across both revenue and profitability, supported by strong demand in the Fertilisers segment and improved realisations in both product categories. Revenue from operations increased 31.1% YoY and 16.0% sequentially to Rs 254.5 crore. Fertilisers recorded a 9.4% YoY and 27.1% sequential rise in volumes to 76,288 MT, with revenue growing 33.4% and 46.8% respectively, driven by favourable seasonal demand, higher realisations, and a better product mix. The Chemicals segment saw volumes decline 6.9% YoY to 14,837 MT on softer demand in select markets, but improved 48.0% sequentially on seasonal factors, with revenue rising 28.4% YoY despite a 6.8% sequential moderation. Overall volumes stood at 91,125 MT, higher by 6.4% YoY and 30.1% sequentially, with Fertilisers contributing the majority of the growth. EBITDA rose 64.8% YoY and 17.9% sequentially to Rs 29.1 crore, with margins expanding to 11.4% from 9.1% last year, supported by better operating leverage and cost efficiencies. PAT grew 63.2% YoY and 26.7% sequentially to Rs 21.0 crore, with margins improving to 8.2% from 6.6% in Q1FY25. During the quarter, the Board approved the incorporation of a wholly owned subsidiary, Dyecol Color Technologies Private Limited, as the dedicated marketing arm for our Dyes and Dyes Intermediates business. This entity will strengthen brand positioning, expand market reach, and enhance customer engagement across domestic and international markets. By separating marketing from manufacturing, we aim to improve efficiency, penetrate new geographies, and capture growth opportunities in our core dyes segment. Capital expenditures of Rs 202 crores were completed over the years, funded through internal accruals. Future investments will focus on capacity expansion and integration across the Chemicals and Fertilisers divisions, supported by internal funds and promoter equity infusion. The company remains focused on maintaining a net cash positive position throughout these initiatives. In Q1FY26, we initiated setting up the KPPL solar power plant of 1.1 MW DC at our Hisar Plant. These strategic initiatives reinforce our ability to sustain growth momentum, enhance profitability, and maintain disciplined cost control, while unlocking higher operational leverage and driving long-term value creation.” Result PDF
Conference Call with Shree Pushkar Chemicals & Fertilisers Management and Analysts on Q3FY22 Performance and Outlook. Listen to the full earnings transcript.