Chambal Fertilisers and Chemicals (CHAMBLFERT) Q4 24/25 earnings summary

Executive summary

• Q4 standalone revenue was INR 2,449 crore with PAT of INR 100 crore, up 16% year-over-year.

• FY2025 EBITDA reached INR 2,838 crore, PAT was INR 1,657 crore, both up 17% and 24% year-over-year, respectively.

• Crop Protection Chemicals and Speciality Nutrients saw strong growth, with 41% y-o-y contribution growth and 146% revenue growth in new territories for FY25.

• Urea production and sales volumes increased year-over-year, with a ~3% improvement in energy efficiency and a 125 MT/day rise in production at Gadepan Plant I & II.

• Technical Ammonium Nitrate (TAN) project progressing on schedule, with INR 650 crore spent to date out of a total INR 1,645 crore project cost.

Financial highlights

• Standalone revenue for FY25 was INR 16,646 crore, down 7% year-over-year, mainly due to lower Urea and P&K sales volumes.

• Standalone EBITDA rose 17% y-o-y to INR 2,838 crore, PAT up 24% to INR 1,657 crore, and consolidated PAT increased 29% to INR 1,649 crore.

• Urea production: 3.461 million MT (up from 3.383 million MT); urea sales: 3.471 million MT (up from 3.256 million MT).

• Crop Protection Chemicals & Speciality Nutrients net revenue grew from INR 926 crore in FY24 to INR 1,400 crore in FY25.

• Standalone EPS for FY25 was INR 41.35, up from INR 32.19; consolidated EPS was INR 41.17, up from INR 30.84.

Outlook and guidance

• 18 new products planned for launch in FY26, including biofungicide and bionematicide, with hybrid seeds to be introduced in Q1 FY26.

• TAN project to commence commercial operations in January 2026, with ramp-up to 80-90% capacity expected in FY27.

• CapEx for FY25-26 projected at INR 1,200 crore, funded through internal accruals.

• Normal monsoon forecast expected to support Kharif season performance and robust growth in crop protection.