Q1 2026 Madhya Bharat Agro Products Ltd Earnings Call Transcript
Key Points
- Madhya Bharat Agro Products Ltd (NSE:MBAPL) reported record-breaking revenue and operational performance for Q1 FY26, with revenue from operations at INR409.7 crore, a 104.5% increase year on year.
- The company achieved its highest ever quarterly fertilizer production of 114,773 metric tonnes and a record sales volume of 105,976 metric tonnes.
- EBITDA, excluding other income, stood at INR57 crore, marking a 71.1% increase year on year, with EBITDA margins improving to 13.9%.
- Strategic product innovations, such as Bharat Urea SSP and Annadata Super 6, were successfully launched and are expected to contribute significantly in upcoming quarters.
- The company's expansion projects in Dhule, Maharashtra, are progressing well, with secured funding and regulatory approvals, aiming to strengthen manufacturing footprint and supply chain resilience.
- The fertilizer industry faced significant raw material cost inflation, with key inputs like sulfur experiencing sharp price escalations.
- Despite the increase in subsidy for SSP, raw material prices have also increased, potentially impacting profitability.
- The company is currently under MAT (Minimum Alternate Tax) until FY28, which may affect tax predictability and financial planning.
- There are no immediate plans for corporate mergers due to potential subsidy cash flow issues, which could limit strategic growth opportunities.
- Gross profit margins contracted by 11% year on year, indicating pressure on cost management despite revenue growth.
Good afternoon, ladies and gentlemen. A very warm welcome to Madhya Bharat Agri Products Limited Q1 FY26 earnings conference call. From the senior management, we have with us today, Mr. Pankaj Ostwal, Promoter and Director; [Mr. Gaurav Rangkar], Accounts General Manager. (Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Mr. Gaurav Rangkar. Thank you, and over to you, Mr. Rangkar.
Thank you, [Ranju]. Good afternoon, everyone, and welcome to the earning call for Madhya Bharat Agri Products Limited. Before we begin the earning call, I would like to mention that some of the statements made during the -- during today's call might be forward-looking in nature and, hence, it may involve risk and uncertainties, including those related to future financials and operating performance.
Please bear with us if there is a call drop during the course of the conference call. We would ensure that the call is reconnected the
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
