Chambal Fertilisers and Chemicals (CHAMBLFERT) Q4 25/26 earnings summary

Executive summary

• FY26 consolidated operating income rose 25% YoY to INR 207,937 Mn, with net profit up 18% to INR 19,533 Mn; audit reports for both standalone and consolidated results carried unmodified opinions.

• Maintained leadership as India's largest private-sector urea manufacturer with a 10% market share, expanded crop protection, specialty nutrients, and seeds portfolio, and launched 17 new products.

• Commissioned Technical Ammonium Nitrate (TAN) plant, marking entry into mining and industrial chemicals, with 240,000 MT annual capacity and Rs. 16,450 Mn investment.

• Board recommended a final dividend of INR 6/share, totaling INR 11/share for FY26, subject to shareholder approval.

• Partnership with TERI for R&D in sustainable agriculture and received Rajasthan Energy Conservation Award 2026.

Financial highlights

• Q4 FY26 revenue grew 14% YoY to INR 27,850 Mn; EBITDA up 56% YoY to INR 155 crore with 9.16% margin; PAT up 46% YoY to INR 145 crore.

• FY26 consolidated revenue was INR 207,937 Mn, up from INR 166,462 Mn in FY25; EBITDA up 8% YoY to INR 26,786 Mn (12.88% margin); PAT up 18% YoY to INR 19,533 Mn (9.39% margin).

• Subsidy receipts for FY26 were INR 12,276 crore, in line with last year.

• Standalone EPS for FY26 was Rs. 48.66; consolidated EPS was Rs. 48.76.

• Standalone and consolidated total assets as of March 31, 2026, were Rs. 14,108.34 crore and Rs. 14,402.44 crore, respectively.

Outlook and guidance

• TAN plant expected to reach 75-80% utilization in the first year, with robust demand and favorable market conditions.

• 14 new CPC and 1 SN products in pipeline for FY27; continued focus on biologicals and precision agriculture.

• Complex fertilizer segment faces logistics constraints due to geopolitical tensions, but strategic inventory covers needs until July-August.

• CapEx for FY27 includes balance TAN project spend and routine investments of INR 170-180 crore; new urea plant plans are advanced, pending government policy.

• The company will monitor the impact of new Labour Codes and adjust accounting as clarifications are issued.