DHARMAJ Dharmaj Crop Guard Q4 FY26 results (Jan–Mar 2026) and concall
Dharmaj Crop Guard Limited delivered a strong financial performance in FY26, with revenue growing 20% to ₹1138 crores and net profit surging 57% to ₹55 crores. The company's technical plant achieved PBT breakeven, and domestic active ingredient business grew 37%. However, branded formulation growth was muted at 3% due to seasonal factors, and the cash conversion cycle extended to 87 days due to strategic raw material inventory build-up. Management is optimistic for FY27, guiding for 18-20% overall top-line growth and margin improvement.
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What they filed
Q4 FY26: revenue up 11.4%, net profit up 300.0% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|
| Revenue | 311 | 175 | 210 | 367 | 347 +12% | 190 +9% | 234 +11% |
| EBITDA | 34 | 10 | 4 | 51 | 32 −6% | 7 −30% | 11 +175% |
| Net profit | 21 | 1 | -2 | 33 | 17 −19% | 1 +0% | 4 +300% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Inve summary of a publicly available earnings call transcript; see how call summaries are prepared. Not investment advice.
