Madhya Bharat Agro Products Q4 FY26 results (Jan–Mar 2026) and concall

Chemicals · Concall AI · Call held 20 Apr 2026

Company page: Madhya Bharat Agro Products share price, financials & guidance record

Madhya Bharat Agro Products Limited delivered a strong Q4 and record-high full-year performance in FY26, driven by robust volume growth and strategic capacity expansions at Dhule and Sagar. The company successfully navigated input cost volatility with policy support and MRP adjustments, while securing a long-term green ammonia supply and achieving a credit rating upgrade. Management provided optimistic guidance for FY27 and FY28, projecting significant revenue and capacity growth.

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What they filed

Q4 FY26: revenue up 33.0%, net profit up 328.6% against the same quarter last year.

₹ Cr · quarterly

Line item	Q2 FY25	Q3 FY25	Q4 FY25	Q1 FY26	Q2 FY26	Q3 FY26	Q4 FY26
Revenue	278	284	297	410	450 +62%	612 +115%	395 +33%
Expenses	242	244	261	353	388	546	353
EBITDA	36	39	36	57	62 +72%	66 +69%	41 +14%
Margin	13%	14%	12%	14%	14%	11%	10%
Other income	2	2	6	3	2	3	9
Interest	7	5	7	7	6	9	11
Depreciation	9	9	8	9	9	9	9
Profit before tax	23	27	27	44	49 +113%	51 +89%	31 +15%
Tax rate	39%	34%	47%	36%	37%	37%	-95%
Net profit	14	18	14	28	30 +114%	32 +78%	60 +329%
EPS	0.32	0.41	0.33	0.64	0.70	0.72	1.36

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.

What they filed

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