Punjab Chemicals & Crop Protection has reported a decline in financial performance for the second quarter ended September 30, 2025, with a decrease in net profit and revenue.

Financial Highlights

Punjab Chemicals & Crop Protection's consolidated financial results for Q2 FY2025-26 show:

Key Takeaways

1. Profit Decline: The company's net profit decreased by 28% year-over-year, falling to ₹1,392.00 lakhs in Q2 FY2025-26, down from ₹1,937.00 lakhs in the same period last year.

2. Revenue Dip: Punjab Chemicals & Crop Protection reported a 1.74% decrease in revenue from operations, which fell to ₹25,788.00 lakhs from ₹26,245.00 lakhs in the corresponding quarter of the previous fiscal year.

3. Half-Year Performance: For the half-year period, profit declined to ₹3,977.00 lakhs from ₹4,863.00 lakhs in the previous year.

4. Tax Benefits: The company received favorable final orders from ITAT for assessment years 2008-09 and 2009-10, resulting in interest income of ₹282.00 lakhs and reversal of income tax provision of ₹200.00 lakhs.

5. Dividend Declaration: The Board approved a final dividend of ₹3.00 per equity share for FY2025, which was distributed during the quarter.

Company Outlook

The financial performance of Punjab Chemicals & Crop Protection indicates challenges in maintaining profitability and revenue growth. The significant decrease in net profit and the slight decline in revenue suggest potential market pressures or increased operational costs.

However, the company's ability to secure favorable tax orders demonstrates effective management of financial obligations, which may partially offset the impact of reduced profits.

Punjab Chemicals & Crop Protection operates in the single segment of Performance Chemicals and includes results from its wholly-owned subsidiary SD Agchem (Europe) N.V. As the company navigates through this period of reduced profitability, its focus on maintaining operational efficiency and exploring growth opportunities will be crucial for improving performance in future quarters.

Punjab Chemicals & Crop Protection has appointed Devender Gupta as its new Chief Financial Officer (CFO) effective December 16, 2025, successfully completing the leadership transition that began with the resignation of former CFO Vikash Khanna in September.

Leadership Transition Completed

The appointment fills the vacancy created when Vikash Khanna tendered his resignation on September 12, 2025, citing personal commitments. The company had promptly initiated the search process for a suitable replacement, demonstrating its commitment to maintaining continuity in financial leadership.

New CFO Profile and Experience

Devender Gupta, aged 53 years, brings extensive financial expertise to Punjab Chemicals & Crop Protection. He is a fellow member of the Institute of Chartered Accountants of India and holds a B.Com degree from Shri Ram College of Commerce.

Gupta's comprehensive experience spans multiple areas including fund raising, business collaborations, mergers and acquisitions, business restructuring, due diligence, financial appraisal, business valuations, strategic planning, and investor relations. His expertise also extends to ERP implementation and core financial functions such as budgeting, accounting, MIS, and audit.

Regulatory Compliance and Terms

The appointment was disclosed in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Gupta's appointment terms align with the Companies Act, 2013, and SEBI Listing Regulations. The company confirmed that there are no relationships between directors in connection with this appointment.

Strategic Impact

The successful completion of the CFO transition positions Punjab Chemicals & Crop Protection to maintain operational continuity while benefiting from Gupta's extensive experience in financial management and strategic planning. His background in business collaborations and mergers & acquisitions could prove valuable for the company's future growth initiatives in the chemicals and crop protection sector.