Shree Pushkar Chemicals & Fertilizers Limited , a leading manufacturer of specialty chemicals and fertilizers, has reported robust financial results for the first quarter, demonstrating strong growth across its business segments.

Financial Highlights

• Revenue from operations reached Rs. 254.50 crores, marking a 31.1% year-on-year growth and a 16% sequential increase.
• EBITDA expanded to Rs. 29.10 crores, showing a 64% year-on-year growth, with margins improving to 11.4% from 9.1% in the previous year.
• Profit after tax increased by 63.2% to Rs. 21.00 crores, with PAT margin rising to 8.2%.

Segment Performance

The company's performance was primarily driven by the fertilizer segment, which benefited from strong demand in the agriculture sector:

• Fertilizer segment revenue grew by 33.4% year-on-year and 46.8% quarter-on-quarter.
• Fertilizer volume growth was 9.4% year-on-year and 27.1% quarter-on-quarter.

The chemical segment faced some pressure but showed signs of recovery:

• Chemical segment revenue increased by 28.4% year-on-year, despite a 6.9% decline in volume.
• A significant recovery of 48% was observed in chemical volumes on a sequential basis.

Strategic Developments

Shree Pushkar Chemicals announced several strategic initiatives during the quarter:

1. Incorporation of a wholly-owned subsidiary, Dyecol Color Technologies Pvt. Ltd., to act as a marketing arm for the company's dyes and dyes intermediates business.
2. Ongoing expansion of Unit-5, with commercial production expected to commence within 1-2 months, pending electricity load enhancement.
3. Progress on Unit-6 expansion, with trials planned for December 2025.
4. Focus on sustainability with plans to scale up solar capacity, including a 10 MW DC solar project in Nanded and an additional 1.1 MW DC solar plant at the Kisan Phosphates Pvt. Ltd. facility in Haryana.

Management Commentary

Punit Makharia, Chairman & Managing Director, commented on the results: "We are pleased to report that Shree Pushkar Chemicals had a strong start for the year in Q1. The Company delivered strong performance across both chemical as well as fertilizer segments. Our continued focus on cost optimization and improved realization has helped to mitigate challenges and maintain strong financial results."

Outlook

The management expressed confidence in the company's growth trajectory, citing:

• Strong demand for fertilizers, supported by favorable government policies and initiatives.
• Potential for improved performance in the chemical segment, particularly in overseas markets.
• Expectations of additional business from Unit-5 expansion in the current fiscal year.
• Projected revenue growth of Rs. 500-700 crores in FY27, driven by the full operationalization of Unit-5 and Unit-6 expansions.

With a strong liquidity position of Rs. 112.00 crores in non-lien deposits and ongoing capacity expansions, Shree Pushkar Chemicals & Fertilizers Limited appears well-positioned for sustained growth in the coming quarters.

The company maintains a cautious outlook, with management projecting a topline of Rs. 950-1,000 crores for FY26 and anticipating PAT margins in the range of 8.5-9%.

Shree Pushkar Chemicals & Fertilisers Ltd , a leading manufacturer of dyes, dye intermediates, and fertilisers, has reported robust financial results for the first quarter, alongside ambitious expansion plans.

Financial Highlights

The company demonstrated significant growth across key financial metrics:

• Revenue from Operations surged to ₹254.50 crore, marking a 31.10% year-on-year increase and a 16.00% quarter-on-quarter rise.
• EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) reached ₹29.10 crore, showing a substantial 64.80% year-on-year growth and a 17.90% quarter-on-quarter improvement.
• Profit After Tax (PAT) climbed to ₹21.00 crore, representing a 63.20% year-on-year increase and a 26.70% quarter-on-quarter growth.
• EBITDA margin expanded to 11.40% from 9.10% in the same quarter last year, while PAT margin improved to 8.20% from 6.60%.

Segment Performance

The company's growth was driven by strong performances in both its Chemicals and Fertilisers segments:

Expansion Plans

Shree Pushkar Chemicals & Fertilisers has announced plans to invest ₹85 crore for capacity expansion and solar power projects. Key initiatives include:

1. Ongoing construction and site development for Unit 6 in Ratnagiri, Maharashtra.
2. Setting up a 10 MW DC Solar Power plant in Nanded, Maharashtra under the 'Open access scheme'.
3. Initiating the setup of a 1.1 MW DC solar power plant at the Hisar Plant.

Strategic Developments

The company has approved the incorporation of a wholly-owned subsidiary, Dyecol Color Technologies Private Limited, to serve as the marketing arm for its Dyes and Dyes Intermediates business. This strategic move aims to enhance brand positioning, expand market reach, and improve customer engagement across domestic and international markets.

Management Commentary

Punit Gopikishan Makharia, Chairman and Managing Director, commented on the performance: "The company has delivered solid growth across both revenue and profitability, supported by strong demand in the Fertilisers segment and improved realizations in both product categories."

He added, "Our strategic initiatives reinforce our ability to sustain growth momentum, enhance profitability, and maintain disciplined cost control, while unlocking higher operational leverage and driving long-term value creation."

Future Outlook

With a strong cash position and ongoing investments in capacity expansion and renewable energy, Shree Pushkar Chemicals & Fertilisers is well-positioned for sustained growth. The company remains focused on maintaining a net cash positive position throughout these strategic initiatives, signaling confidence in its financial management and growth prospects.

As the company continues to expand its production capabilities and strengthen its market presence, investors and industry observers will be keenly watching its performance in the coming quarters.