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India Pesticides Results: Latest Quarterly Results & Analysis

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India Pesticides Ltd. 25 May 2026 12:47 PM
Result PDF

Q4FY26 & FY26 Result Announced for India Pesticides Ltd.

Agrochemicals company India Pesticides announced Q4FY26 & FY26 results

Standalone Financial Highlights:

  • Revenue from Operations: For Q4FY26, revenue stood at Rs 266.15 crore, reflecting a YoY growth of 28.17% from Rs 207.65 crore in Q4FY25, and a QoQ increase of 17.80% from Rs 225.93 crore in Q3FY26. Annual revenue for FY26 was Rs 1,057.11 crore, up 27.52% YoY from Rs 829.02 crore in FY25.
  • Total Income: Total income for Q4FY26 was Rs 270.62 crore, up 28.30% YoY from Rs 210.92 crore in Q4FY25 and up 18.17% QoQ from Rs 229.01 crore in Q3FY26. Annual total income for FY26 stood at Rs 1,078.35 crore, growing 27.74% YoY against Rs 844.20 crore in FY25.
  • Profit After Tax (PAT): Net profit for Q4FY26 was Rs 31.76 crore, a YoY growth of 42.23% from Rs 22.33 crore in Q4FY25 and a 37.43% QoQ rise from Rs 23.11 crore in Q3FY26. Annual net profit for FY26 increased by 44.92% YoY to Rs 122.29 crore from Rs 84.36 crore in FY25.

Consolidated Financial Highlights:

  • Revenue from Operations: Q4FY26 revenue was Rs 266.49 crore, reflecting a YoY growth of 28.59% from Rs 207.24 crore in Q4FY25, and a QoQ increase of 18.23% from Rs 225.39 crore in Q3FY25. Annual revenue for FY26 reached Rs 1,057.42 crore, up 27.64% YoY from Rs 828.61 crore in FY25.
  • Total Income: Total income for Q4FY26 was Rs 270.58 crore, up 28.52% YoY from Rs 210.52 crore in Q4FY25 and up 18.41% QoQ from Rs 228.55 crore in Q3FY25. Annual total income for FY26 stood at Rs 1,078.39 crore, up 27.86% YoY from Rs 843.44 crore in FY25.
  • Profit After Tax (PAT): Net profit for Q4FY26 stood at Rs 30.61 crore, up 40.61% YoY from Rs 21.77 crore in Q4FY25 and up 34.91% QoQ from Rs 22.69 crore in Q3FY25. Annual net profit for FY26 grew by 45.92% YoY to Rs 119.82 crore compared to Rs 82.18 crore in FY25.

Business Highlights:

  • Dividend: The Board of Directors recommended a final dividend of Rs 0.75 per equity share (face value of Rs 1 each) for the financial year ended March 31, 2026, subject to approval at the ensuing 41st Annual General Meeting.
  • Segment Performance: The Company operates in a single reportable business segment, i.e., "Agro Chemicals." Accordingly, no separate segment-wise information is disclosed.
  • Auditor Re-appointments:
    • M/s Seth & Associates, Chartered Accountants, were re-appointed as Internal Auditors for the Financial Year 2026-27.
    • M/s Honey Singh & Associates, Cost Accountants, were re-appointed as the Cost Auditor for the Financial Year 2026-27.
  • Annual General Meeting: The 41st Annual General Meeting is scheduled for Monday, August 31, 2026, to be held via Video Conferencing (VC) / Other Audio-Visual Means (OAVM).
  • Tax Proceedings: The Company provided information to the Income Tax Department following search proceedings conducted in December 2024. The Company filed a tax return for the block period (April 2018 to February 2025) and paid tax of Rs 0.18 crore. The assessment proceedings are pending, and the management expects no material impact on the company's financial position.
  • Labour Codes Impact: The company assessed the incremental impact of the new Labour Codes (notified November 21, 2025) at Rs 0.60 crore (Rs 0.39 crore for Gratuity and Rs 0.21 crore for Leave Encashment), which has been accounted for in the financial results.

Anand S. Agarwal, Director, Founder & Promoter, said: “As FY26 concludes, the agrochemical industry continued to navigate a dynamic operating environment shaped by changing global demand patterns, pricing pressures and evolving supply chain conditions. Despite these challenges, India Pesticides Limited delivered a strong operational and financial performance, supported by strong demand in the Indian market, higher capacity utilization, and consistent execution across key business segments. Our continued focus on process optimization, backward integration, and strengthening customer relationships enabled us to sustain growth momentum during the year.

During FY26, the Company achieved Revenue of Rs 1,078 crore, reflecting a growth of 27.9% YoY, while EBITDA increased by 44.7% YoY to Rs 194 crore with EBITDA margins improving to 18.0%. PAT for the year was at Rs 120 crore, registering a growth of 45.8% YoY. The performance was primarily driven by strong domestic demand, healthy volume growth, and improved operational efficiencies.

A key milestone during the year was India Pesticides Limited crossing the INR 1,000 crore revenue mark for the first time, reflecting the Company’s strong execution capabilities, expanding market presence and improving operational efficiencies. This achievement highlights our confidence in sustaining long-term growth through capacity expansion, backward integration and continued focus on innovation-led manufacturing.

Our R&D and project engineering capabilities continue to remain a core strength of the Company. During the year, we received multiple product registrations across Indian and international markets, while our in-house R&D efforts supported process innovation, cost optimization, and development of new molecules and intermediates. The Company remains focused on enhancing manufacturing efficiency and expanding its differentiated product portfolio.

Looking ahead, the Company remains committed to expanding its manufacturing capabilities, strengthening backward integration, and enhancing its presence across Indian and international markets. With strong customer relationships, a diversified product portfolio, ongoing capacity expansion, and a continued focus on innovation and operational efficiency, we believe India Pesticides Limited is well-positioned to capitalize on emerging opportunities and create sustainable long-term value for all stakeholders. ”

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Agrochemicals company India Pesticides announced Q3FY26 results

  • Revenue: Rs 225.39 crore against Rs 172.22 crore during Q3FY25, change 31%.
  • PBT: Rs 33.9 crore against Rs 23.21 crore during Q3FY25, change 46%.
  • PAT: Rs 22.69 crore against Rs 16.07 crore during Q3FY25, change 41%.
  • EPS: Rs 1.97 for Q3FY26.

Result PDF

Agrochemicals company India Pesticides announced Q3FY25 results

  • Total Income was Rs 175 crore, an increase of 13.0% on YoY.
  • EBITDA of Rs 29 crore, with EBITDA margin of 16.7%.
  • Net Profit of Rs 16 crore, with PAT margin of 9.2%.

Anand S. Agarwal, Director, Founder & Promoter said: “We are pleased to report revenue growth of 13% YoY for Q3FY25, achieving a total income of Rs 175 crore. This growth was underpinned by an increase in volumes, which highlights the demand for our products across key markets. While the increase in volumes demonstrates the strength of our operations and market presence, pricing adjustments in the international markets led to a modest impact on margins during the quarter.

Additionally, our freight costs rose due to logistical challenges in the Red Sea region, and investments in strengthening our R&D capabilities and workforce added to the cost base. These decisions were made with a long-term view to enhance our competitiveness and support the development of a strong product pipeline.

We continue to drive operational efficiencies and prioritize innovation to maintain our leadership in key product categories. Our investments in R&D and talent are aligned with our vision to deliver superior products that meet evolving customer needs and align with global trends.

Looking ahead, we remain optimistic about the growth trajectory of the agrochemical sector. With a strong operational framework, an expanding product portfolio, and a deep commitment to excellence, we are confident in our ability to deliver sustainable growth while creating value for all our stakeholders.”

Result PDF

Agrochemicals company India Pesticides announced H1FY25 & Q2FY25 results

Q2FY25 Financial Highlights:

  • Total Income was Rs 234 crore, an increase of 13.6% and 4.5% on YoY and QoQ respectively.
  • EBITDA of Rs 39 crore, an increase of 25.2% on YoY with EBITDA margin of 16.6%.
  • Net Profit of Rs 26 crore, an increase of 32.9% on YoY with PAT margin of 11.1%.

H1FY25 Financial Highlights:

  • Total Income was Rs 458 crore, an increase of 11.5% on YoY basis.
  • EBITDA of Rs 71 crore, an increase of 23.9% on YoY with EBITDA margin of 15.5%.
  • Net Profit of Rs 45 crore, an increase of 29.6% on YoY with PAT margin of 9.9%.
  • Cash Flow from Operations stood at Rs 17 crore.

Anand S. Agarwal, Director, Founder & Promoter said: “We continued our growth momentum in the second quarter of FY25 and achieved a Revenue growth of 13.6%, driven by increased volumes. This growth was further supported by favourable agricultural conditions, including above-average monsoon rainfall and higher crop sowing, which positively impacted demand.

Despite global industry challenges, including subdued demand and pricing pressures, we delivered a robust performance, marked by significant margin expansion across our key metrics. This improvement in margins highlights the effectiveness of our focus on operational efficiencies, high-quality niche products, and disciplined cost management, which together enabled us to enhance profitability even in a challenging market environment.

Our expansion initiatives are progressing as planned, strengthening our core capabilities and advancing infrastructure to support the production of specialty products. Looking ahead, we are focused on growth through expanding our customer base and enhancing our capabilities. Committed to continuous R&D and innovation, we are building a robust pipeline of products to meet evolving customer needs and maintain our competitive edge. Driven by our commitment to customer satisfaction, operational excellence, and social responsibility, we are prepared to navigate uncertainties and emerge stronger, backed by the unwavering support of our stakeholders."

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Agrochemicals company India Pesticides announced Q1FY25 results:

  • Total Income was Rs 224 crore, an increase of 9.4% and 72.5% on YoY and QoQ respectively
  • EBITDA of Rs 32 crore, an increase of 22.2% on YoY with EBITDA margin of 14.2%
  • Net Profit of Rs 19 crore, an increase of 25.5% on YoY with PAT margin of 8.7%
  • Technicals APIs constitute 65% of Total Revenue

Commenting on the performance, Anand S. Agarwal, Director, Founder & Promoter said: “We have started FY25 on a very optimistic note with strong performance on both year on year and sequential basis. Total Revenue for the quarter was Rs 224 crore grew by 9.4% and 72.5% on YoY and QoQ basis respectively. This growth was largely driven by change in product mix and increase in sales volume, particularly formulations.

Despite various headwinds from global economic environment including geopolitical issues, pricing pressures and increased freight costs, we showcased robust performance. We achieved a significant enhancement in EBITDA margins, improving by 149 bps YoY and 854 bps QoQ, reaching 14.2% during the quarter

We are pleased to announce the successful commissioning of our intermediate plant, which marks a significant step towards the backward integration of one of our key fungicides, which was previously imported. This achievement is a testament to our inhouse Indigenous R&D Technology and aligns with the Government of India's 'Atmanirbhar Bharat' initiative. By substituting imports with domestic manufacturing, we are not only enhancing our self-reliance but also contributing to the nation's economic growth. Looking ahead to FY25, we aim to do Capex of ~Rs 110 crore combining both IPL and SSL. Furthermore, we are poised to grow by expanding our customer base and strengthening capabilities. We are committed to leveraging consistent research and development efforts, driving innovation, and seizing new opportunities to fortify our market position. Despite industry challenges, we are confident in navigating them with our robust pipeline of innovative products and increased market presence, ensuring we meet the evolving needs of our customers and maintain our competitive edge.”

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Agrochemicals company India Pesticides announced FY24 results:

  • Total Income was Rs 696 crore
  • EBITDA of Rs 102 crore with EBITDA margin of 14.6%
  • Net Profit of Rs 60 crore with PAT margin of 8.7%

Commenting on the performance, Anand S. Agarwal, Director, Founder & Promoter said, “FY24 has been a challenging year for our industry, marked by significant headwinds from international markets due to decreased demand and high channel inventory. Additionally, the conflict in the Red Sea region has led to a significant surge in freight expenses and transit time, exerting pressure on both revenue and profitability.

We remain committed to navigating these challenges with a focus on long-term growth and sustainability.

We are pleased to announce the successful commissioning of production from the first block of our subsidiary, a key milestone achieved this quarter. All our capex plans are progressing as planned, and we continue to strategically enhance our R&D capabilities, positioning us for potential yield improvements in the coming years. Additionally, we are realigning our existing plants for better capacity utilization.

During the year, we have implemented strategic changes in our leadership team to better align with our long-term goals and drive future growth.

We are moving ahead with clear vision of growth and are committed to fortifying our leadership in the domestic market, perpetually innovating, and extending our impact on a global scale. Our objectives for FY25 are firmly established, and with your continued support, we advance with unwavering confidence.”

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Agrochemicals company India Pesticides announced Q1FY24 results:

  • Total income was Rs 2,047 million
  • Adjusted EBITDA of Rs 431 million; EBITDA margin of 21.1%
  • Reported EBITDA of Rs 260 million; EBITDA margin of 12.7%
  • Adjusted net profit of Rs 325 million; PAT Margin of 15.9%
  • Reported net profit of Rs 155 million; PAT Margin of 7.5%
  • Technicals APIs constitute 79% of Total Revenue

Commenting on the performance, Anand S Agarwal, Chairman, said, “In Q1FY24, the company faced a highly volatile global business environment, characterized by numerous challenges such as unfavourable macroeconomic scenarios, subdued volumes, high-cost inventories and steep price drops due to oversupply of raw material from China. Consequently, our topline and profitability were impacted, with revenues amounting to Rs 2,047 million in Q1FY24 compared to Rs 2,217 million in Q1FY23. Despite these challenges, we remained steadfast in our efforts to navigate through these turbulent times and strategize for a more resilient performance in the coming quarters.

During the quarter, the Company saw additional pressures due to a reduction in the selling prices of some of its products, leading to an impact of Rs 171 million. This impact comprised Rs 73 million owing to sales made during the current quarter and Rs 98 million due to the revaluation of inventories at hand at Net Realizable Value (NRV).

I am happy to announce that during the quarter we have increased our technical capacity by 200 MT which takes our total technical capacity to 24,200 MT. We are focused on introducing new products and expansion of the Hamirpur plant project. Our recently launched products continue to receive positive responses from the market and make a significant contribution to the top line. This momentum has encouraged us to further enhance our offerings and explore avenues for growth and expansion.

Our robust sense of accountability, coupled with an extensive reach to millions of farmers, an expansive distribution network, and a firm market presence, propel us toward achieving our objectives. It also helps augment stakeholder value and forge a path toward a sustainable future. We will continue to push the boundaries by harnessing the strength of our diverse product portfolio, positioning ourselves as a leading and competitive organisation in our industry.”

 

Result PDF

India Pesticides announced Q3FY23 results:

  • Consolidated Q3FY23:
    • Revenue growth of 16.1% to Rs 2,222 million.
    • EBITDA of Rs 511 million; EBITDA margin of 23.0%.
    • Net profit at Rs 348 million; PAT Margin of 15.7%.
    • Technicals APIs constitute 84% of total revenue.
  • Consolidated 9MFY23:
    • Revenue growth of 27.2% to Rs 6,970 million.
    • EBITDA of Rs 1,650 million; EBITDA margin of 23.7%.
    • Net profit at Rs 1,131 million; PAT margin of 16.2%
    • Technicals APIs constitute 79% of total revenue.

Commenting on the performance, Anand S Agarwal, Chairman, said: “Despite the inflationary pressure, our margins saw an improvement on QoQ basis due to improved operational efficiencies and cost pass-through. The company performed well with a 16.1% YoY revenue growth, driven by higher demand for existing products and new launches. Our margins remained under pressure (YoY) due to various global macroeconomic challenges, including rising raw material prices and high fuel prices affecting the industry.

All our recently launched products were well received by the market, and we expect their demand to grow going forward. Further to this we have planned 70 crore capex for expansion at Sandila Plant in FY23.

We're happy to announce that the Ministry of Environment and Forests (MoEF) has granted us Environmental Clearance (EC) for our Hamirpur project. We anticipate starting operations during FY24.

Our exports increased to 68% in Q3FY23 from 49% in Q2FY23. The increase has been driven by the company's focus on expanding its global reach and building strong relationships with international customers.

During the quarter our long-term credit facilities were reconfirmed at A by CARE Ratings ltd, which highlights our ability to manage capital efficiently.

IPL continues to overcome challenges and emerge stronger despite uncertainty in the business environment. We're eager to roll out new products in the coming quarters to improve product mix and reach consumers. We assure our shareholders that we are committed to working towards our vision of supporting chemical business and farmers across the globe by producing superior value chemicals through quality and efficiency.

India is now a relatively stable economic haven with strong domestic demand and growing competitiveness in exporting quality goods and services. IPL is poised for success with its skilled manufacturing and competitive edge."

Result PDF

Agrochemicals company India Pesticides announced Q2FY23 results:

  • Q2FY23:
    • Revenue growth of 38.8% to Rs 2,530 million
    • EBITDA of Rs 549 million; EBITDA margin of 21.7%
    • Net Profit Rs 372 million; Pat margin of 14.7%
    • Technicals APIs constitute 73% of total revenue
  • H1FY23:
    • Revenue growth of 33.2% to Rs 4,747 million
    • EBITDA of Rs 1,139 million; EBITDA margin of 24.0%
    • Net Profit Rs 783 million; PAT Margin of 16.50%
    • Technicals APIs constitute 75% of total revenue

Commenting on the performance, Mr. Anand S. Agarwal, Chairman: “During the quarter our revenue grew by 38.8% supported by increased demand of existing products and new product launches. Our margins were impacted by various macroeconomic factors across the globe. Industry faced challenges in terms of raw material prices with logistics constraints also creating pressure on the businesses. However, the Indian economy demonstrated its resilience amidst such adversities and continued its performance.

All our recently launched products are performing well, and we expect their demand to grow going forward. Further to this we have planned 70 Cr capex for expansion at Sandila Plant in FY23. 4,000 MT capacity at our Sandila plant will be additionally added under phases over the coming quarters. One herbicides and one intermediate will be added. As of update on our Hamirpur project EIA report was accepted by MOEF and meeting with EAC is underway. During the quarter our long-term credit facilities were rated A by CARE Ratings ltd, which highlights our ability to manage capital efficiently.

Management team is fully equipped and committed to drive growth with registration of new products, improving product mix and increasing brand business which will help company to scale new heights. We are consistently working towards our vision of supporting chemical business and farmers across world by producing superior value chemicals by integrating quality and efficiency,”

Result PDF

Agrochemicals firm India Pesticides announced Q1FY23 Result :

  • Q1 FY23 Revenue Growth of 27.4% YoY
  • Pretilachlor Technical 2,000 TPA capacity launched in Q1 FY23
  • Revenue Growth of 27.4% to Rs. 2,217 mn
  • EBITDA of Rs. 590 mn; EBITDA Margin of 26.6%
  • Net Profit Rs. 411 mn; Pat Margin of 18.5%
  • Technicals APIs constitute 78% of total revenue

Commenting on the performance, Mr. Anand S. Agarwal, Chairman: “During the quarter our revenue grew by 27.4% supported by increased demand of existing products and new product launches. The ongoing global uncertainties had an impact on raw material prices during the quarter and increased energy cost resulted in margin decline. We launched first phase of our backward integration for Pretilachlor Technical of 2,000 TPA during Q1 FY23. This will be manufactured in our existing facility at Sandila Plant, which will further safeguard us from any supply chain challenge of the intermediate which is largely imported. We are planning to expand it further in the current fiscal year. The primary application for the chemical is as herbicide for rice plantation. We anticipate a good market potential for this product. The manufacturing process was developed indigenously by our R&D and project engineering teams. This brings our total Technical manufacturing capacity at Sandila to 21,400 TPA. We are also progressing positively towards Hamirpur Facility where EIA report is under completion and is expected to be submitted by August end.

Looking forward we will continue our journey towards building long-term relationships with all stakeholders by delivering as per everyone's expectations. We are consistently working towards our vision of supporting chemical business and farmers across world by producing superior value chemicals by integrating quality and efficiency,”

 

Result PDF

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