Q3 2026 Shree Pushkar Chemicals & Fertilisers Ltd Earnings Call Transcript
Key Points
- Shree Pushkar Chemicals & Fertilisers Ltd (BOM:539334) reported a 14.6% year-on-year growth in revenue from operations, reaching INR249 crores, driven by increased volumes and sales in the Chemical business.
- The Chemical segment saw a significant revenue increase of 38.1% year-on-year, with sales volume rising by 75.6%, indicating strong demand and market stability.
- The company is expanding its solar energy capacity, aiming to reach 20.6 megawatt DC, which aligns with its strategy for energy self-reliance and sustainability.
- Shree Pushkar has incorporated a subsidiary in Bangladesh, Dyecol Bangladesh Limited, to enhance its market presence and business activities in the region.
- The company maintains a strong financial position with non-lien deposits amounting to INR176.75 crores, providing ample liquidity for ongoing and future expansion plans without external borrowing.
- Gross margin declined from 35.7% in Q3 FY25 to 31.9% in Q3 FY26, primarily due to increased raw material costs, particularly sulphur.
- The Fertilizer segment experienced a 10.6% year-on-year revenue decline, attributed to steady demand and seasonal moderation, with sales volume decreasing by 23.7%.
- EBITDA decreased by 1.7% year-on-year, with the margin at 8.9%, reflecting pressure on profitability.
- The company faces delays in expansion projects due to pending electricity connections, affecting the commencement of trial production at new units.
- Political instability in Bangladesh has temporarily reduced business volumes, impacting the company's operations in the region.
Ladies and gentlemen, good day, and welcome to Q3 and nine months FY26 earnings conference call of Shree Pushkar Chemicals & Fertilisers Limited. (Operator Instructions) Please note that this conference is being recorded.
I would now hand the conference over to Mr. Pankaj Manjani, Company Secretary of Shree Pushkar Chemicals & Fertilisers. Thank you, and over to you, sir.
Good afternoon, everyone, and we welcome all the participants to Shree Pushkar Chemicals & Fertilisers Limited's Q3 and nine months FY 2026 Earnings Call. Joining us today from the management side, we have Mr. Punit Makharia, Chairman and Managing Director; Mr. Deepak Beriwala, Chief Financial Officer.
Now I'll hand over the call to Mr. Punit Makharia for his opening remarks. Over to you, sir.
Thank
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