MBAPL Q4 & FY26 Results: Record Revenue ₹1,867 Cr, PAT ₹150 Cr, EPS ₹17.14
Madhya Bharat Agro Products Limited (MBAPL) reported record FY26 revenue of ₹1,867 crore and PAT of ₹150 crore, with EPS at ₹17.14. Q4 FY26 revenue grew 33% YoY to ₹394.7 crore, and PAT surged 318.2% to ₹59.8 crore. The company is expanding capacities and secured a 10-year Green Ammonia supply deal.
The record financial performance, coupled with significant capacity expansions and a landmark Green Ammonia deal, indicates a strong positive impact on the company's growth trajectory and market position.
The company reported record-breaking financial results for FY26, including highest ever revenue and PAT, along with significant year-on-year growth in Q4. Capacity expansions and a strategic Green Ammonia deal further bolster a positive outlook.
Madhya Bharat Agro Products Limited (MBAPL) announced its financial results for the fourth quarter and full year ended March 31, 2026. The company reported an all-time high revenue of ₹1,867 crore for FY26, a significant increase of 76.3% year-on-year. Profit After Tax (PAT) also reached a record high of ₹150 crore, marking a substantial growth of 161.2% year-on-year. The Earnings Per Share (EPS) for the full year stood at ₹17.14, up by 161.3% from the previous year.
For the fourth quarter of FY26, MBAPL's revenue from operations stood at ₹394.7 crore, a 33.0% increase year-on-year. EBITDA (excluding other income) for the quarter was ₹41.2 crore, up 14.1% YoY. The PAT for Q4 FY26 surged by 318.2% to ₹59.8 crore, with EPS at ₹6.82.
The company highlighted strong operational performance with record production and sales volumes, achieving peak plant utilization levels. Key capacity expansions are underway, including an SSP plant in Dhule, Maharashtra, with a capacity of 3,30,000 MTPA, and increased capacities for NPK/DAP and Sulphuric Acid at the Sagar facility. MBAPL has also secured a 10-year supply deal for 130,000 MTPA of Green Ammonia under the National Green Hydrogen Mission (NGHM), positioning it as India's largest future consumer of green ammonia.
The management expressed confidence in the company's performance, driven by its backward integration model, strategic capex, and operational resilience. The company's credit ratings were upgraded to A+/Stable by CRISIL and ICRA, reflecting its disciplined balance sheet management.
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