Bhagiradha Chemicals Reports Mixed Q2 Results: Revenue Up, EBITDA Down

Bhagiradha Chemicals & Industries Limited (BCIL) has reported a mixed set of financial results for the second quarter. The agrochemical company saw an increase in revenue but experienced a significant decline in EBITDA compared to the same period last year.

Revenue Growth

BCIL reported a consolidated revenue from operations of ₹14,009.72 crore for Q2, marking a substantial increase from ₹10,372.80 crore in the corresponding quarter of the previous year. This represents a year-on-year growth of approximately 35%.

Profit and EBITDA Performance

The company's consolidated net profit for the quarter stood at ₹550.43 crore, slightly higher than the ₹544.09 crore reported in the same quarter of the previous year. However, BCIL experienced a significant decline in its EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization). The EBITDA for Q2 was reported at ₹15.5 crore, down from ₹97.1 crore in the same quarter of the previous year, marking a substantial decrease of about 84%.

EBITDA Margin

Despite the sharp decline in EBITDA, the company's EBITDA margin showed improvement. The EBITDA margin for Q2 increased to 10.75% from 9.36% in the corresponding quarter of the previous year.

Financial Position

As of September 30, Bhagiradha Chemicals reported the following key financial metrics:

Particulars	Amount (in crore)
Total Assets	96,168.99
Total Equity	68,945.31
Non-Current Liabilities	14,438.40
Current Liabilities	20,785.28

Capital Expenditure and Expansion

The company has been actively investing in its growth. BCIL reported significant capital work in progress, amounting to ₹37,736.36 crore as of September 30. This substantial investment indicates the company's focus on expanding its manufacturing capabilities and infrastructure.

Utilization of Preferential Issue Proceeds

In a notable development, Bhagiradha Chemicals has fully utilized the proceeds from its preferential issue of convertible warrants. The company raised a total of ₹341.18 crore through this issue, which has been completely deployed for the approved objectives, including funding capital expenditure for a new manufacturing unit under its wholly-owned subsidiary, Bheema Fine Chemicals Private Limited.

Conclusion

Bhagiradha Chemicals' Q2 results present a mixed picture. While the company has achieved significant revenue growth, the sharp decline in EBITDA may be a concern for investors. However, the improvement in EBITDA margin and substantial investments in capital expenditure indicate the company's efforts to enhance its operational efficiency and manufacturing capabilities for future growth.

Investors and market analysts will likely keep a close watch on how these investments translate into financial performance in the coming quarters, particularly in terms of profitability and margin expansion.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.17%	-5.53%	-4.96%	-21.17%	-31.64%	-87.98%

Bhagiradha Chemicals & Industries has announced a significant addition to its leadership team. The company's wholly owned subsidiary, Bheema Fine Chemicals Private Limited, has appointed Mr. Venkat Sai (DIN: 08976504) as an Additional Director in the capacity of Whole Time Director, effective November 04, 2025.

Extensive Industry Experience

Mr. Venkat Sai brings a wealth of experience to his new role, with over 35 years in the agrochemical industry. His impressive career trajectory includes:

Previously served as a Board Member and Executive Committee Lead at Nichino India (formerly Hyderabad Chemicals)
Board member of CCFI (Crop Care Federation of India)
Progression from a front-line sales officer to top leadership positions

Key Expertise

Mr. Sai's appointment is expected to bring valuable skills to Bheema Fine Chemicals, including:

Operational excellence
Strategic planning
Market intelligence
B2B partnerships
Product development
Marketing and demand generation
Regulatory affairs

Leadership and Business Acumen

Throughout his career, Mr. Sai has demonstrated:

Ability to build businesses from the ground up
Success in penetrating new markets
Creation of strategic alliances
Nurturing long-term partnerships with global MNCs and leading national players

Appointment Details

Aspect	Details
Position	Additional Director (Whole Time Director)
Company	Bheema Fine Chemicals Private Limited (Wholly Owned Subsidiary)
Effective Date	November 04, 2025
Relationship with Directors	Not related to any director of the company or its subsidiary
Regulatory Compliance	Not debarred from holding directorship by SEBI or other authorities

Bhagiradha Chemicals & Industries has confirmed that Mr. Venkat Sai's appointment complies with all regulatory requirements, including those set by SEBI and other relevant authorities.

This strategic appointment aligns with Bhagiradha Chemicals' commitment to strengthening its leadership team with industry veterans. Mr. Sai's extensive experience and proven track record in the agrochemical sector are expected to contribute significantly to the growth and strategic direction of Bheema Fine Chemicals Private Limited.