India Pesticides Limited (IPL) has reported a robust financial performance for the first half of fiscal year 2026, with significant growth in revenue and profitability. The company's strategic focus on exports and operational efficiency has yielded positive results, positioning it well for future growth.

Financial Highlights

IPL achieved a total revenue of INR 579.00 crores in H1 FY26, marking a substantial 26% year-on-year growth. The company's EBITDA saw an impressive increase of 53%, reaching INR 108.00 crores, with margins expanding to 18.6%. Net profit for the period stood at INR 67.00 crores, up by 48% compared to the previous year.

Export-Driven Growth

A key driver of IPL's performance was its export business, which nearly doubled to INR 140.00 crores in Q2 FY26. This surge in exports offset the challenges faced in the domestic market due to heavy monsoons. The company's strategic focus on key geographies such as Europe, Australia, and Japan has resulted in a strong order book from these regions.

Product Mix and Capacity Expansion

IPL's product mix for Q2 FY26 comprised 66% technical and API products, with the remaining 34% coming from formulations. The company has successfully expanded its formulation capacity from 6,500 metric tons to 10,000 metric tons annually, which is expected to contribute to future revenue growth.

Future Outlook

The company remains on track to meet its full-year revenue guidance of INR 1,000.00 crores for FY26. Looking ahead, IPL has set a target of reaching INR 3,000.00 crores in revenue by FY30-31. This growth strategy includes:

1. Expansion of the subsidiary, Shalvis Specialities, which is expected to contribute INR 100.00 crores in revenue by next year.
2. Focus on developing new molecules, including those going off-patent.
3. Continued emphasis on export markets, aiming for a 40-45% contribution to total revenue.
4. Backward integration projects to improve margins and reduce import dependence.

Financial Stability

IPL maintains a strong financial position with zero debt on its balance sheet. The company plans to fund most of its expansion through internal accruals, with the possibility of taking on minimal debt for its subsidiary in the future.

Management Commentary

D.K. Jain, CEO of India Pesticides Limited, stated, "We are delivering exactly in line with what we have committed, and in many areas, we are moving ahead of our own expectations. The strength of our execution and the consistency in our performance truly reflect the discipline with which we are preparing our company for long-term global scale."

India Pesticides Limited's strong performance in H1 FY26, coupled with its strategic initiatives and robust order book, positions the company well for sustained growth in the agrochemical sector. As the company continues to focus on export markets and operational efficiency, investors will be watching closely to see if IPL can maintain its growth trajectory and achieve its revenue targets in the coming years.

India Pesticides Limited , a leading agrochemical manufacturer, has announced its financial results for the second quarter and half-year ended September 30, showing improved performance and strategic moves in corporate governance.

Financial Highlights

The company reported a robust financial performance for Q2:

For the half-year ended September 30, India Pesticides recorded:

• Revenue from operations of ₹565.03 crore
• Profit after tax of ₹67.42 crore

Operational Performance

The company's performance reflects its strong position in the agrochemical sector. The significant increase in revenue and profit demonstrates India Pesticides' ability to capitalize on market opportunities and manage costs effectively.

Board Decisions

In a move to strengthen its corporate governance, the Board of Directors has approved the re-appointment of two Non-Executive Independent Directors:

1. Dr. Madhu Dikshit: Re-appointed for a second term of five years, from December 21, 2025, to December 20, 2030. Dr. Dikshit, an eminent scientist and former Director of CSIR-Central Drug Research Institute, brings valuable expertise in biosciences and cardiovascular pharmacology.

2. Mr. Mohan Vasant Tanksale: Also re-appointed for a five-year term coinciding with Dr. Dikshit's. Mr. Tanksale, a distinguished banking leader, offers extensive experience in finance and banking sectors.

These re-appointments are subject to shareholder approval.

Regulatory Compliance

The company disclosed that it has received a notice from the Income Tax Department regarding undisclosed income for the period April 2018 to February 2025. In response, India Pesticides has filed a return with a tax payment of ₹0.18 crore. The assessment is currently pending with the department.

Market Outlook

With its strong financial performance and strategic governance moves, India Pesticides appears well-positioned to continue its growth trajectory in the agrochemical sector. The re-appointment of experienced independent directors suggests a focus on maintaining robust corporate governance practices.