Rama Phosphates Limited has announced its unaudited financial results for Q3FY26 ended December 31, 2025, demonstrating exceptional performance across all key financial metrics. The fertilizer manufacturer reported significant growth in profitability and operational efficiency compared to the corresponding quarter of the previous year.

Outstanding Q3FY26 Financial Performance

The company's Q3FY26 results showcase remarkable growth across all major financial parameters:

The revenue growth of 32.51% demonstrates the company's strong market position, while the net profit surge of 283.33% reflects exceptional operational efficiency and cost management capabilities.

Segment-wise Performance Analysis

Rama Phosphates operates through two primary business segments with distinct performance metrics:

The fertilizers segment, which includes non-subsidized fertilizers, continues to be the primary revenue driver, while the Soya/Agri segment showed remarkable growth of 93.69% year-on-year.

Nine-Month Performance and Strategic Developments

For the nine months ended December 31, 2025, Rama Phosphates achieved revenue of ₹673.97 crores compared to ₹542.77 crores in the corresponding period, representing a growth of 24.18%. The nine-month net profit reached ₹473.42 crores versus ₹84.23 crores in the previous year, marking an exceptional growth of 462.21%.

Expansion Plans and Operational Updates

The company has received Environmental Clearance from the Ministry of Environment, Forest and Climate Change for its new Greenfield project at Dhule to manufacture 216,000 MT per annum SSP Fertilizer and 90,000 MT per annum Sulphuric Acid. The Phase-1 project execution is on schedule with trial production expected to commence in Q4 FY2026.

Additionally, the company has extended its lease agreement for the manufacturing unit at Nimbahera for five years from December 9, 2026, to December 8, 2031, ensuring continued operational stability.

Rama Phosphates received a positive development in its credit profile as ICRA upgraded the company's rating outlook from negative to stable while reaffirming existing ratings across its facilities. The fertilizer manufacturer disclosed this rating action to stock exchanges on December 26, 2025, in compliance with SEBI listing obligations.

Credit Rating Details

ICRA maintained its assessment of Rama Phosphates' creditworthiness while signaling improved confidence through the outlook upgrade. The rating agency's action covers the company's entire facility portfolio worth ₹136.00 crore.

Rating Implications

The outlook upgrade from negative to stable represents a significant improvement in ICRA's assessment of Rama Phosphates' credit profile. While the core ratings remain unchanged, the stable outlook indicates that the rating agency expects the company's credit metrics to remain steady over the near term, removing the previous downward pressure.

Company Operations

Rama Phosphates operates as a diversified manufacturer in the fertilizer and chemical sectors. The company produces Single Super Phosphate (SSP) fertilizer, sulphuric acid, oleum, chlorosulphonic acid, edible soya oil, soya de-oiled cake, lecithin, and various micronutrients including magnesium sulphate and zinc sulphate.

Regulatory Compliance

The company promptly communicated this rating development to both BSE and NSE, fulfilling its obligations under Regulation 30 of SEBI's Listing Obligations and Disclosure Requirements Regulations, 2015. This transparency ensures investors remain informed about material developments affecting the company's credit standing.