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

Executive summary

• FY26 consolidated revenue rose 25% YoY to INR 20,793.66 crore, with net profit up 18% to INR 1,953.27 crore; 17 new CPC products and 4 new seeds launched, and the TAN plant was commissioned, marking entry into mining chemicals.

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

• Digital farmer engagement expanded, with significant growth in app downloads and social media presence.

• Audited standalone and consolidated financial results for FY26 were approved with unmodified opinions.

• Final dividend of INR 11 per share for FY26 recommended, including a final dividend of INR 6.00 per share.

Financial highlights

• Q4 FY26 revenue from operations grew 14% YoY to INR 2,785 crore; EBITDA up 56% YoY to INR 155 crore (margin 9.16%).

• FY26 consolidated EBITDA increased 8% YoY to INR 26,786 Mn (margin 12.88%); PAT margin at 9.39%.

• Standalone and consolidated net profit for FY26 was INR 1,949.67 crore and INR 1,953.27 crore, respectively.

• Subsidy receipts for FY26 at INR 12,276 crore, in line with prior year.

• Standalone net debt to equity at 0.01% as of FY26, with ROE at 20.83% and ROCE at 25.36%.

Outlook and guidance

• TAN plant expected to reach 75-80% utilization in first year; market demand remains strong due to mining and infrastructure growth.

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

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

• Sourcing of P & K fertilizers secured for upcoming Kharif season; strategic inventory covers needs until July-August.

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