Shree Pushkar Chemicals & Fertilisers reported a consolidated net profit of ₹229 crore for the first quarter ended June 30, 2026, an increase from ₹210 crore in the corresponding period of the previous fiscal year. This represents a year-on-year growth of 9.4%. On a quarter-on-quarter basis, net profit surged 78.2% from ₹129 crore in Q4FY26.

Revenue from operations grew to ₹280.1 crore, up from ₹254.5 crore year-on-year, marking a 10.0% increase. The company’s earnings before interest, taxes, depreciation, and amortisation (EBITDA) stood at ₹319 million, compared to ₹291 million in the prior year period, reflecting a 9.7% rise. Earnings before interest and taxes (EBIT) rose 12.9% to ₹30.5 crore, while profit before tax (PBT) increased 7.8% to ₹27.8 crore.

Financial Performance

The revenue growth outpaced the increase in net profit, indicating a slight compression in bottom-line efficiency despite top-line expansion. EBITDA margin remained relatively flat at 11.4%, compared to 11.4% in the previous year quarter but expanded significantly from 10.1% in Q4FY26. Gross profit margin contracted to 31.9% from 33.0% in Q1FY26 and 38.4% in Q4FY26.

Volume vs Value Dynamics

Despite the revenue growth, total sales volumes declined by 17.0% year-on-year to 75,640 metric tonnes from 91,125 metric tonnes in Q1FY26. The chemical segment saw a sharper volume drop of 38.6% to 9,113 metric tonnes, while fertiliser volumes fell 12.8% to 66,527 metric tonnes. However, improved realizations supported higher sales values. The chemical segment revenue grew 17.1% to ₹137.9 crore, and fertiliser revenue rose 4.0% to ₹142.2 crore. Fertilisers contributed 51% and chemicals 49% to total sales value.

Strategic Expansion & Capex Plan

The company detailed its strategic growth investments, outlining a total planned capex of ₹512 crore to expand capacity across its core businesses. This includes:

• Fertilisers: Unit 8 at Meghnagar (Madhya Pradesh) with a planned capex of ₹350 crore to add 3,00,000 MTPA capacity for complex fertilisers. Unit 6 at Ratnagiri is also expanding with ₹85 crore planned capex for 1,50,000 MTPA additional capacity.
• Chemicals: Unit 5 at Ratnagiri is undergoing expansion with ₹37 crore capex to add 72,000 MTPA capacity. An Acid Complex expansion at Ratnagiri involves ₹37 crore capex for 66,000 MTPA capacity.
• Solar Power: Expansion includes Solar Power Plant 2 at Nanded (₹35 crore capex for 10 MW DC) and Solar Power Plant 3 at Hisar (₹5 crore capex for 1.1 MW DC). The latter was commissioned in Q4FY26.

As of June 30, 2026, the company has incurred ₹209 crore towards these projects, with ₹303 crore outstanding. The growth is funded through internal accruals and a preferential allotment. Additionally, the company acquired approximately 30,000 square metres of land adjacent to its existing Unit 1 at Lote Parshuram for ₹93.3 million to support future expansion plans.

What the Numbers Show

The divergence between declining volumes (-17.0%) and rising revenue (+10.0%) indicates that price realizations or product mix shifts drove the top-line growth rather than volume expansion. The stability in EBITDA margin (11.4% vs 11.4%) alongside this dynamic suggests that cost structures scaled proportionally with the higher-value sales. However, the net profit growth of 9.4% lagged behind both revenue and EBITDA growth (9.7%), implying that non-operating expenses or tax provisions may have absorbed some of the operational gains. With a net debt-to-equity ratio of (0.01)x as of FY26, the company maintains a strong balance sheet to fund its ₹512 crore capex pipeline without significant leverage pressure.

Shree Pushkar Chemicals & Fertilisers Limited will host an analyst and investor earnings conference call on August 13, 2026, to provide updates on its financial performance for Q1 FY27. The event is scheduled for 4:00 PM IST and aims to inform stakeholders about the company's operational results for the quarter ended June 30, 2026.

The announcement was made pursuant to Regulations 30 and 46 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Shree Pushkar Chemicals & Fertilisers Limited emphasized that no unpublished price-sensitive information will be shared during the call. The company noted that the schedule may change due to exigencies on the part of investors or the company.

Management Participation

The management team representing Shree Pushkar Chemicals & Fertilisers Limited at the conference call includes:

Pankaj Manjani, the Company Secretary, signed the intimation letter dated August 7, 2026. He remains the primary contact for queries regarding the proceedings.

Conference Call Details

Investors and analysts are required to register in advance using the provided Diamond Pass link to ensure timely connection. The call is a group conference, allowing multiple participants to join simultaneously. Dial-in numbers are available for domestic and international participants, including toll-free options for Hong Kong, Singapore, the USA, and the UK.

For further assistance, investors may contact Churchgate Partners, the investor relations advisors, via email or phone.