MBAPL Reports Highest-Ever Q2 & H1 FY26 Revenue and Profit; Secures Green Ammonia Supply
MBAPL reported highest-ever Q2 & H1 FY26 revenue and PAT, driven by strong operational performance. The company also secured a 10-year Green Ammonia supply and is progressing on capacity expansion projects.
The announcement details record financial results for Q2 and H1 FY26, highlighting significant growth in revenue and profitability. Furthermore, the strategic win of a 10-year Green Ammonia supply and ongoing large-scale capacity expansion projects are pivotal for the company's future growth, self-reliance, and sustainability, positioning it for substantial market impact.
The company reported its highest-ever quarterly and half-yearly revenue, EBITDA, and PAT, demonstrating strong financial and operational performance. Additionally, securing a long-term Green Ammonia supply agreement and significant capacity expansion projects indicate a strong strategic growth path.
* Madhya Bharat Agro Products Limited (MBAPL) reported its Highest-Ever quarterly and half-yearly financial performance for Q2 & H1 FY26, driven by strong operational excellence and integrated operations. * For Q2 FY26: * Revenue: ₹450.2 crore, up 61.8% year-on-year (YoY) and 9.9% quarter-on-quarter (QoQ). * EBITDA: ₹61.8 crore, up 70.4% YoY and 8.6% QoQ. * Profit After Tax (PAT): ₹30.5 crore, more than doubled (120%) YoY. * Basic EPS: ₹3.48, up from ₹1.58 in Q2 FY25. * For H1 FY26: * Revenue: ₹860 crore, up 80% YoY. * EBITDA: ₹119 crore, up 70% YoY. * PAT: ₹59 crore, up 132% YoY. * Basic EPS: ₹6.7, up from ₹2.9 in H1 FY25. * Operational highlights for Q2 FY26 include Highest-Ever fertilizer production volumes of 1,18,541 MT and sales volumes of 1,35,187 MT. SSP capacity utilization reached a remarkable 104% (62,334 MT), and NPK/DAP achieved 94% (56,207 MT). * Mr. M.K Ostwal, Promoter, Chairman & Director, stated that the performance reflects the strength of integrated operations, high-capacity utilization, and a relentless focus on execution. He also highlighted the progress of new plants and the landmark Green Ammonia win. * In August 2025, MBAPL was selected as the preferred buyer of Green Ammonia under SECI’s SIGHT Scheme. Oriana Power and SSC Infra will supply 1.30 lakh MTPA (130,000 MTPA) of Green Ammonia to MBAPL plants for a period of 10 years. This initiative strengthens renewable energy adoption, ensures reliable raw material supply for NPK production, reduces import dependency, and reinforces commitment to the Green India and Atmanirbhar Bharat initiatives. * The company is progressing with significant capacity expansion projects: * A fully integrated DAP/NPK plant at Dhule, Maharashtra, with capacities of 3,30,000 MT for DAP/NPK, 99,000 MT for Phosphoric Acid, 1,98,000 MT for Sulphuric Acid, and 3,30,000 MT for SSP. This ₹1,100 crore project is expected to be commissioned in October 2026. * A DAP/NPK and Sulphuric Acid plant at Sagar, Madhya Pradesh, with capacities of 90,000 MT for DAP/NPK and 1,65,000 MT for Sulphuric Acid. This ₹107 crore project is expected to be commissioned in March 2026. * A Phosphoric Acid Plant at Sagar with 69,000 MT capacity was commissioned in March 2025.
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Madhya Bharat Agro Products Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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