Agrochemicals company Meghmani Organics announced Q2FY26 results Revenue from operations stood at Rs 557.7 crore, up by 5% YoY. EBITDA for the quarter grew by 71% YoY to Rs 70.5 crore, compared to EBITDA of Rs 41.2 crore in Q2FY25. PAT: Rs 42.9 crore against Rs 8.6 crore during Q2FY25, change 402%. Ankit Patel, Chairman & Managing Director, said: “Despite the headwinds arising from the US tariff actions, our strategic focus on enhancing the product mix and our disciplined execution has enabled us to navigated this quarter effectively. We did witnessed pressure on our export volumes in both the segments however our approach combined with broadly stabilizing raw material prices and a gradually increasing contribution from the formulation business has resulted in improved profitability during the quarter. In Crop Nutrition segment, we are conducting extensive field trials for Meghmani Nano Urea across seven countries where we have already secured registrations. We are also introducing 2 to 3 new products in this financial year, which will further strengthen our market position. In Titanium Dioxide (TiO2), we continue to cater to customers across ceramic, rubber, paint, plastic and textile industries. However, profitability during the quarter was impacted due to high raw material prices and stagnant price realisation. The actual effect of antidumping duty (ADD) on price realisation will be evident once the channel inventory buildup by Chinese TiO2 in Indian market is liquidated.” Result PDF
Agrochemicals company Meghmani Organics announced Q1FY26 results Revenue: Rs 592.6 crore compared to Rs 411.1 crore during Q1FY25, change 44%. EBITDA: Rs 80.6 crore compared to Rs 14.2 crore during Q1FY25, change 467%. EBITDA Margin: 13.6% for Q1FY26. PAT: Rs 40.5 crore compared to Rs -6.3 crore during Q1FY25. PAT Margin: 6.8% for Q1FY26. Ankit Patel, Chairman & Managing Director, said: “Our strategic focus on enhancing our product mix continues to deliver positive results. This approach combined with improving demand and broadly stabilizing raw material prices resulted into higher revenue and profitability during the quarter. We reported 44% YoY growth in revenue and profit after tax of Rs 40.5 crore against a loss of Rs 6.3 crore in the corresponding quarter previous year. In Crop Nutrition segment, along with domestic field activities we are conducting extensive field trials for Meghmani Nano Urea in various international markets. We have already secured registrations in 7 countries for Meghmani Nano Urea with more approvals expected in the coming period. Additionally, we are also expanding our product portfolio and would be adding 2 to 3 new products in this financial year, further strengthening our market position. In Titanium Dioxide (TiO2), following the imposition of antidumping duty (ADD) of $460 to $681 per MT on Chinese TiO2, effective 10th May 2025, we have witnessed gradual improvement in sales realisation during the quarter. However, we anticipate the actual impact of ADD on prices would be coming from Q3FY26 onwards, once the channel inventory in Indian market is liquidated.” Result PDF
Conference Call with Meghmani Organics Management and Analysts on Q4FY25 & Full Year Performance and Outlook. Listen to the full earnings transcript.
Agrochemicals company Meghmani Organics announced Q4FY25 & FY25 results Q4FY25 Financial Highlights: Revenue from Operations: Rs 502.1 crore vs Rs 399.8 crore during Q4FY24. EBITDA: Rs 64.6 crore vs Rs 10.1 crore during Q4FY24. EBITDA Margin: 12.9% vs 2.5% during Q4FY24. Net Profit: Rs 34.0 crore vs Rs -0.4 crore during Q4FY24. Net Profit Margin: 6.8% vs -0.1% during Q4FY24. FY25 Financial Highlights: Revenue from Operations: Rs 2,003.9 crore vs Rs 1,539.9 crore during FY24. EBITDA: Rs 180.4 crore vs Rs 9.5 crore during FY24. EBITDA Margin: 9.0% vs 0.6% during FY24. Net Profit: Rs 66.4 crore vs Rs -56.6 crore during FY24. Net Profit Margin: 3.3% vs -3.7% during FY24. Ankit Patel, Chairman & Managing Director, said: “From second quarter onwards, both the segments started witnessing healthy volume growth coupled with our strategic focus on enhancing our product mix. This approach has significantly improved our revenue and profitability for FY25. We reported 30% YoY growth in revenue, reaching INR 2,003.9 crore and achieved a remarkable turnaround in profitability, posting a profit after tax of INR 66.4 crore against a loss of INR 56.6 crore in the corresponding previous year. Our Crop Nutrition segment has reached self-sufficiency in FY25, marking a critical milestone in our journey. Nonetheless, we remain committed on conducting extensive field activities with farmers showcasing the efficacy of Meghmani Nano Urea on different crops. Additionally, we plan to expand our product portfolio by adding 2 to 3 new products in FY26, further strengthening our market position. In Titanium Dioxide (TiO2), we have established a good customer base and are currently catering to customers from ceramic, rubber, paint, plastic and textile. However, we are facing challenges in achieving optimal plant utilisation because of intense pricing pressure due to aggressive dumping by China. To address this, DGTR has recommended antidumping duty of $460-681 per MT on TiO2 imports from China which will provide much needed relief to domestic players, helping to stabilize the market and improve our capacity utilisation. Simultaneously, we are also targeting Export market for better realization as other countries have already imposed ADD on TiO2 from China.” Result PDF
Agrochemicals company Meghmani Organics announced Q3FY25 results Revenue from operations stood at Rs 558.0 crore, up by 62% YoY. EBITDA for the Q3FY25 grew to Rs 60.4 crore, compared to a negative EBITDA of Rs 0.4 crore in the Q3FY24. Net Profit: Rs 30.2 crore compared to Rs -27.2 crore during Q3FY24. Ankit Patel, Chairman & Managing Director said: “Our improved revenue and profitability was on the back of better product mix and continued growth momentum witnessed in both the segments during the quarter. Our revenue grew 62% YoY to Rs 558 crore while our profit after tax stood at Rs 30.2 crore against a loss of Rs 27.2 crore in Q3FY24. In our Crop Nutrition segment, we have signed MoU with Hindustan Insecticides Limited (HIL) for pan India marketing of Nano Urea and are also conducting extensive field activities with farmers showcasing the efficacy of Meghmani Nano Urea on different crops. In Titanium Dioxide (TiO2), we have achieved desired quality however prices are under pressure due to aggressive dumping by China. We anticipate the scenario to improve post the antidumping duty on TiO2 from China which is expected by March 2025.” Result PDF