Dharmaj Crop Guard Reports Mixed Q2 Results: Revenue Up, Profit Down

Dharmaj Crop Guard Limited , a prominent player in the agrochemical sector, has reported mixed financial results for the second quarter of fiscal year 2025-26. The company saw an increase in revenue but experienced a decline in net profit compared to the same period last year.

Revenue Growth

For Q2 FY2025-26, Dharmaj Crop Guard reported a revenue of 3,472.63 million rupees, up from 3,113.26 million rupees in Q2 FY2024-25. This represents a year-over-year growth of approximately 11.5%.

Profit Decline

Despite the revenue growth, the company's net profit for the quarter decreased to 173.00 million rupees from 210.00 million rupees in the corresponding quarter of the previous year, marking a decline of about 17.6%.

EBITDA and Margin Compression

The company's EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) also saw a decline, dropping to 319.00 million rupees from 345.00 million rupees year-over-year. Consequently, the EBITDA margin compressed to 9.17% from 11.08% in the previous year.

Half-Year Performance

For the half-year ended September 30, 2025, Dharmaj Crop Guard's financial performance shows:

Metric	H1 FY2025-26	H1 FY2024-25	YoY Change
Revenue	7,146.46	5,666.08	+26.1%
Net Profit	499.23	360.98	+38.3%

The half-yearly results demonstrate strong growth in both revenue and profitability compared to the same period in the previous fiscal year.

Balance Sheet Highlights

As of September 30, 2025, Dharmaj Crop Guard reported:

Total assets of 9,558.77 million rupees, up from 7,334.14 million rupees on March 31, 2025
Equity share capital remained constant at 337.97 million rupees
Other equity increased to 4,105.22 million rupees from 3,606.14 million rupees

Cash Flow and Liquidity

The company's cash and cash equivalents stood at 5.66 million rupees at the end of the half-year, compared to 2.27 million rupees at the beginning of the fiscal year.

Management Commentary

The company's board of directors approved these unaudited consolidated financial results at their meeting held on November 13, 2025.

Future Outlook

Dharmaj Crop Guard is planning to obtain necessary approvals for incorporating a new Wholly-Owned Subsidiary in Brazil. Additionally, the company has an Employee Stock Option Plan in place, although no options have been granted as of September 30, 2025.

The mixed results for Q2 FY2025-26 present both opportunities and challenges for Dharmaj Crop Guard. While the company has demonstrated strong revenue growth, the decline in profitability and margin compression may require strategic attention.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.89%	+0.72%	-17.30%	+4.95%	-11.25%	-5.65%

Dharmaj Crop Guard Limited , a key player in the agricultural sector, has scheduled its Q2 & H1 FY26 earnings conference call for Monday, November 17, 2025, at 12:00 PM IST. This announcement comes as the company prepares to discuss its financial performance for the second quarter and first half of the fiscal year 2025-26.

Key Details of the Conference Call

Aspect	Details
Date	Monday, November 17, 2025
Time	12:00 PM IST
Mode	Conference Call

Management Participants

The call will feature key members of Dharmaj Crop Guard's leadership team:

Mr. Rameshbhai Talavia, Chairman and Managing Director
Mr. Jamankumar Talavia, Whole Time Director
Mr. Vishal Domadia, Chief Executive Officer
Mr. Vikas Agarwal, Chief Financial Officer

Accessibility

To ensure wide accessibility, the company has provided toll-free dial-in numbers for various regions:

Region	Toll-Free Number
India	+91 22 7115 8242 / +91 22 6280 1341
Hong Kong	800964448
Singapore	8001012045
USA	18667462133

Investors and analysts interested in participating can use these numbers to join the call. Additionally, there's an option for express join with DiamondPass™, which offers no wait time.

Post-Call Interactions

The company has indicated that investors and analysts may have the opportunity to interact with company officials at a later date for follow-up discussions. This demonstrates Dharmaj Crop Guard's commitment to maintaining open lines of communication with its stakeholders.

Investor Relations Contact

For further information, interested parties can reach out to:

Mr. Vikas Agarwal, Chief Financial Officer ( cfo@dharmajcrop.com )
Mr. Sayam Pokharna, Investor Relations Advisor, TIL Advisors Private Limited ( sayam@theinvestmentlab.in )

This earnings call presents an opportunity for investors and analysts to gain insights into Dharmaj Crop Guard's financial performance and future outlook. It also reflects the company's dedication to transparency and shareholder engagement in line with SEBI regulations.

Investors interested in the agricultural sector and Dharmaj Crop Guard's performance are encouraged to participate in this call to stay informed about the company's progress and strategies.