Madhya Bharat Agro Products Ltd (MBAPL) has reported a robust financial performance for the June quarter of FY26, with revenue from operations reaching ₹4.1 billion and profit from continuing operations standing at ₹282.1 million. The results reflect the company’s strategic shift toward chemical manufacturing and its expanding footprint in the phosphatic fertilizer segment.
Performance Highlights
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Revenue from operations: ₹4.1 billion, driven by strong demand for SSP, NPK, and phosphoric acid
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Profit from continuing operations: ₹282.1 million, supported by improved margins and operational efficiency
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EBITDA margins remained stable despite input cost fluctuations, aided by backward integration and subsidy support
Strategic Developments
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MBAPL has expanded its phosphoric acid capacity and secured long-term rock phosphate supply from Egypt
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The company is investing ₹750–800 crore in a new plant in Maharashtra, with phased commissioning starting October 2026
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Marketing tie-up with National Fertilizers Ltd (NFL) is expected to boost volumes in FY26
Outlook With the government’s upward revision of subsidies for SSP and NPK fertilizers effective April 2025, MBAPL anticipates stronger volume growth and margin recovery in the coming quarters. The company is also targeting increased exports and deeper penetration in underserved domestic markets.
Sources: MBAPL Q4 & FY24 Earnings Presentation, ValuePickr Forum, Simply Wall St, Investing.com