Shree Pushkar Chemicals Q2 FY27 Revenue Surges 58% to ₹403.5 Cr; PAT Jumps 96%
Shree Pushkar Chemicals reported a 58.2% YoY increase in Q2 FY27 revenue to ₹403.5 Cr and a 96.1% YoY jump in PAT to ₹35.7 Cr. Commercial production began at Unit 5, and solar capacity increased. The company approved ₹70 Cr capex for a new plant and plans to raise ₹45 Cr via warrants.
Significant revenue and profit growth, commencement of new production units, and strategic capital expenditure plans indicate a substantial positive impact on the company's financial performance and market position.
The company reported strong year-on-year growth in revenue and profits, alongside positive operational developments like new capacity commencement and solar power addition. The approval of new capex and promoter's commitment through warrant issuance further indicate positive future outlook.
Shree Pushkar Chemicals & Fertilisers Limited announced its financial results for the second quarter and first half of FY27. The company reported a consolidated revenue from operations of ₹403.5 crore for Q2 FY27, marking a significant year-on-year growth of 58.2% and a sequential increase of 44.1% from Q1 FY27. For the first half of FY27, consolidated revenue reached ₹683.60 crore, a 34.1% increase compared to the same period last year.
The chemical business demonstrated strong performance with sales volume of ₹245 crore in Q2 FY27, an 85.6% year-on-year growth. The fertilizer business recorded sales volume of ₹158 crore, a 27.5% year-on-year growth. Consolidated EBITDA for Q2 FY27 increased by 87.7% year-on-year to ₹49.2 crore, with an EBITDA margin of 12.2%. Profit after tax surged by 96.1% year-on-year to ₹35.7 crore, resulting in a PAT margin of 8.9%.
Key operational developments include the commencement of commercial production at Unit 5, enhancing dye manufacturing capacity by 6,000 metric tons per annum. Additionally, a 10 MW DC solar project in Nanded became operational, increasing the company's total installed solar capacity to 20.6 MW. The expansion of its wholly-owned subsidiary, Madhya Bharat Phosphates Private Limited, is progressing as planned.
The board has approved a capital expenditure of ₹70 crore for a new chemical plant at Unit 5, Lote Parshuram, with an additional capacity of 3,000 metric tons per annum, expected to be commissioned by March 2028. To support this expansion, the company plans to raise ₹45 crore through a preferential issue of fully convertible warrants to the promoter, Mr. Punit Gopikishan Makharia, at an issue price of ₹526.90 per warrant.
Looking ahead, the company aims to expand its chemical and fertilizer businesses, improve operational efficiencies, maintain financial discipline, and execute planned capacity additions. Management anticipates achieving total sales of around ₹1,250 crore for the fiscal year, with profitability in the three digits. For the next fiscal year (FY28), the company projects revenues to be around ₹2,000 crore.
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