India Pesticides Limited Posts 30% Revenue Rise, 41% Profit Jump in Q3 FY26

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India Pesticides Limited (IPL) delivered a strong quarter for Q3 FY26, characterized by significant top-line expansion and robust bottom-line growth driven by both domestic and international demand.

Key Financial Performance (Q3 FY26)

Total Revenue surged 30.7% year-on-year to Rs 229 crore.
EBITDA jumped 39.7% to Rs 41 crore, resulting in an EBITDA margin of 17.9%.
Net Profit (PAT) jumped 41.2% to Rs 23 crore, with a PAT margin of 9.9%.
Gross Profit rose 22.9% to Rs 113 crore, maintaining a healthy gross margin of 49.6%.
Earnings per Share (EPS) saw a 40.7% increase to Rs 1.97.

Nine-Month (9M FY26) Performance

Total Income reached Rs 808 crore, a 27.6% increase over the previous year.
EBITDA surged 47.7% to Rs 149 crore, with margins improving to 18.4%.
Net Profit jumped 43.9% to Rs 89 crore.

Key Operational Highlights

Volume Growth: The company achieved approximately 25% year-on-year volume growth, supported by higher capacity utilization.
Segment Mix: The Technical & API segments continue to dominate the portfolio, accounting for 73% of total revenue.
Geographic Expansion: Export sales rose to Rs 96 crore (up from Rs 75 crore), led by demand in the EU and Australia. Domestic sales climbed to Rs 129 crore, buoyed by strong herbicide demand.
Cost Efficiency: A new 6 MW solar power plant became operational in October 2025, which is expected to lower power costs and support sustainability goals.
Capital Expenditure: IPL invested Rs 46 crore during the period toward the modernization and expansion of production facilities.

Management Guidance & Outlook

Management confirmed that capacity-expansion projects are on track to increase production flexibility and reduce dependence on external utilities.
The company expects the integration of renewable energy to further improve the cost structure over time.
Strategic focus remains on capturing growth in the domestic herbicide market and maintaining a solid foothold in key export regions.

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