India Pesticides Q3 FY26 Revenue Jumps 31% to ₹229 Crore, Net Profit Up 41%
India Pesticides Limited reported Q3 FY26 revenue of ₹229 crore, up 31% YoY. Net profit rose 41% to ₹23 crore. For 9M FY26, revenue was ₹808 crore (up 28%) and net profit ₹89 crore (up 44%). The company expects 20% growth next year and aims for ₹3,000 crore revenue in 5 years.
The significant increase in revenue and profit, coupled with strategic capacity expansions and future growth targets, are material developments that are likely to have a high impact on investor perception and the company's stock performance.
The company has reported strong year-on-year growth in revenue and net profit for both the quarter and the nine-month period, indicating a positive financial performance. Expansion plans and sustainability initiatives further contribute to a positive outlook.
India Pesticides Limited (IPL) announced its financial results for the quarter ended December 31, 2025 (Q3 FY26), reporting a significant increase in revenue and net profit. The company's total revenue for the quarter stood at ₹229 crore, marking a 31% year-on-year growth from ₹175 crore in Q3 FY25. EBITDA saw a substantial rise of 39.7% to ₹41 crore, with margins improving to 18% from 17% in the same period last year. Net profit for the quarter surged by 41% to ₹23 crore, with a Profit After Tax (PAT) margin of 10%. This growth was attributed to better operating leverage and ongoing cost efficiencies.
For the nine-month period ended December 2025 (9M FY26), IPL's total revenue reached ₹808 crore, an increase of 28% compared to ₹633 crore in 9M FY25. EBITDA for the nine months grew by 48% to ₹149 crore, supported by higher gross profit and improved operating efficiency. Net profit for 9M FY26 was ₹89 crore, a 44% increase from the previous year. The company's export revenue for Q3 FY26 increased to ₹96 crore from ₹75 crore in Q3 FY25, while domestic revenue was ₹130 crore, driven by higher demand for herbicides and their intermediates. Technical and API products accounted for 73% of the revenue mix, with formulations at 27% in Q3 FY26. Exports contributed 42% to the revenue, and domestic sales made up 58%.
Looking ahead, IPL is focused on disciplined capital allocation and capacity expansion, with phased investments aligned with visible demand. The company aims to achieve ₹3,000 crore in revenue within five years. Capacity expansion initiatives are progressing as planned, with the Shalvis facility expected to contribute ₹80 crore to ₹100 crore in revenue in the next financial year. The Pretilachlor PEDA plant has also been commissioned with expanded capacity. On the sustainability front, the company has begun receiving 6 megawatts of solar power supply at its Sandila unit. The company anticipates a 20% growth in turnover for the next fiscal year, with margins expected to remain in the 18% to 20% range.
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