Balaji Phosphates FY26 net profit rises 29.3% to ₹10.22 crore
Balaji Phosphates Limited reported a 29.3% increase in consolidated net profit to ₹10.22 crore for FY26, with revenue rising 34.7% to ₹170.47 crore. The board approved the audited financial results on May 29, 2026. The company certified the utilization of ₹40.67 crore out of ₹41.58 crore raised via IPO, with no deviations from the stated objects.

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Balaji Phosphates Limited reported a 29.3% rise in consolidated net profit to ₹10.22 crore for the year ended March 31, 2026, compared to ₹7.92 crore in the previous year. Revenue from operations increased 34.7% to ₹170.47 crore from ₹126.52 crore in FY25, driven by higher sales in the phosphates fertilizers segment. The board approved the audited standalone and consolidated financial results on May 29, 2026.
Financial Performance
On a standalone basis, the company recorded a net profit of ₹9.44 crore for FY26, up from ₹7.30 crore in the previous year. Total income rose to ₹136.15 crore from ₹100.72 crore. Earnings per share (EPS) for the year stood at ₹3.97 on a standalone basis and ₹4.30 on a consolidated basis.
The company’s total assets grew to ₹162.95 crore as of March 31, 2026, from ₹124.35 crore a year earlier. Equity share capital remained constant at ₹23.77 crore.
IPO Proceeds Utilization
The statutory auditor certified that the company utilized ₹40.67 crore of the ₹41.58 crore raised through its Initial Public Offer (IPO). The unutilized amount of ₹0.91 crore remains available with the company. Funds were allocated towards working capital, capital expenditure, and general corporate purposes. The company confirmed there was no deviation in the utilization of issue proceeds from the objects stated in the offer document.
Operational Highlights
The Chief Operating Decision Maker identified "Phosphates fertilizers" as the only operating segment. The company’s subsidiary, Jyoti Weighing Systems Private Limited, contributed to the consolidated results, reporting total assets of ₹18.50 crore and revenue of ₹20.42 crore for the half year ended March 31, 2026.
Consolidated Financial Results (FY26)
| Particulars | Year Ended Mar 31, 2026 (₹ in Lakhs) | Year Ended Mar 31, 2025 (₹ in Lakhs) |
|---|---|---|
| Revenue from Operations | 17,047.38 | 12,651.58 |
| Total Income | 17,119.74 | 12,856.28 |
| Total Expenses | 15,621.74 | 11,792.12 |
| Profit Before Tax | 1,498.00 | 1,064.16 |
| Net Profit | 1,022.41 | 791.80 |
Mishra Rajiv Kamal & Associates, Chartered Accountants, audited the financial results and issued an unmodified opinion. The company also clarified that a certificate regarding the utilization of IPO proceeds, obtained on May 29, 2026, was inadvertently omitted from an earlier submission to the National Stock Exchange of India Limited.
Historical Stock Returns for Balaji Phosphates
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.17% | -1.10% | 0.0% | -35.14% | -35.41% | +21.05% |
How does Balaji Phosphates plan to utilize the remaining ₹0.91 crore in unutilized IPO proceeds?
What is the company's strategy for sustaining revenue growth given the reliance on a single operating segment?
Will the company consider expanding its product portfolio beyond phosphates fertilizers to diversify risk?
























