Chambal Fertilisers & Chemicals , a leading player in the fertiliser and crop protection sector, has released its financial results for the third quarter ended December 31, 2023, alongside completing a significant share buyback program.

Financial Performance

The company reported a mixed set of numbers for Q3 FY2024:

• Revenue: Chambal Fertilisers saw a substantial decrease in revenue from operations, which stood at Rs 4,348.57 crore compared to Rs 8,296.21 crore in the same quarter last year, marking a 47.60% year-on-year decline.
• Profit Before Tax: Despite the revenue drop, the company's profit before tax increased to Rs 608.32 crore, up from Rs 495.12 crore in the previous year's quarter, representing a 22.86% growth.

Segment Performance

Chambal Fertilisers operates in two main segments:

1. Own Manufactured and Complex Fertilisers
2. Crop Protection Chemicals and Speciality Nutrients

Specific segment-wise performance details were not provided in the report.

Share Buyback

Chambal Fertilisers completed a share buyback program:

Corporate Governance

The financial results were reviewed by the Audit Committee and subsequently approved by the Board of Directors at their meeting held on February 6, 2024.

Market Context

While the revenue decline is significant, the fertiliser industry often experiences fluctuations due to factors such as raw material prices, government policies, and seasonal demand. The improvement in profit before tax suggests that Chambal Fertilisers may have implemented effective cost management strategies or benefited from favorable input costs during the quarter.

Note: All financial figures are in Indian Rupees (INR).

Chambal Fertilisers & Chemicals , a prominent player in the Indian fertiliser industry, held its 40th Annual General Meeting (AGM) on August 26, 2025, where shareholders approved several significant leadership appointments and reappointments.

Key Appointments and Reappointments

The shareholders gave their nod to the following key decisions:

1. Managing Director Reappointment: Mr. Abhay Baijal has been reappointed as Managing Director for a three-year term, effective from July 21, 2025, to July 20, 2028. Mr. Baijal brings extensive experience in finance, accounts, business restructuring, and project financing, along with in-depth knowledge of the fertiliser industry.

2. Independent Director Reappointment: Mrs. Rita Menon secured a second five-year term as an Independent Director, spanning from September 10, 2025, to September 09, 2030. Mrs. Menon, a former Indian Administrative Service officer, contributes her vast experience in industrial development, town planning, finance, and public policy.

3. New Independent Director: Dr. Rakesh Jain has been appointed as an Independent Director for a five-year term, from July 15, 2025, to July 14, 2030. Dr. Jain brings over 37 years of experience in various fields, including business portfolio optimization, operational excellence, and digital transformation.

4. Secretarial Auditor Appointment: The company appointed M/s. RMG & Associates as the Secretarial Auditor for a term of five consecutive years.

AGM Proceedings

The AGM, conducted through video conferencing, saw the approval of several other resolutions, including:

• Adoption of audited financial statements for the fiscal year ended March 31, 2025
• Declaration of a final dividend of Rs. 5.00 per equity share (50% of face value)
• Reappointment of Mr. Shyam Sunder Bhartia as a Director
• Ratification of remuneration for cost auditors

Voting Results

All resolutions were passed with overwhelming majority. The e-voting results showed strong shareholder support:

The AGM, which commenced at 10:30 AM IST, concluded at 11:41 AM IST, marking a significant day for Chambal Fertilisers' corporate governance and leadership structure.

These appointments reflect Chambal Fertilisers & Chemicals' commitment to maintaining a strong and diverse leadership team, poised to guide the company through the evolving landscape of the fertiliser industry in India.