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Dharmaj Crop Guard Limited Q2 FY26 earnings call summary

NSE: DHARMAJ · BSE: 543687

Earnings call of 17 Nov 2025, summarised by AI from the filing.

Dharmaj Crop Guard reported H1 FY26 revenue of ₹715 cr, up 26%, and guides FY26 revenue growth of 20-25% with EBITDA margin of 9-9.5%.

Key takeaways

  1. H1 revenue ₹715 cr, 26% year-on-year growth, despite erratic monsoon impacting Q2.
  2. Guidance FY26 revenue growth guided at 20-25% and EBITDA margin at 9-9.5%.
  3. Q2 margin Q2 EBITDA margin fell to 9% from 11% in Q2 FY25 on lower brand formulation mix.
  4. Exports Export institutional business grew 51% year-on-year in H1 FY26 after last year's challenges.
  5. Monsoon risk Erratic monsoon in late Q2 caused crop losses and subdued demand for agrochemicals.

Original filing on BSE

Dharmaj Crop Guard Limited Q1 FY27 results

As filed: Revenue ₹382 cr (+4% year on year), EBITDA ₹57.4 cr (+13% year on year), PAT ₹38.1 cr (+15% year on year), EBITDA margin 15.0% (+111 bps).

The Q1 FY27 score, against the company's own trend, is for premium members.

Earlier results and the share price after them

  • Q4 FY26: Revenue ₹234 cr (+11% year on year), EBITDA ₹10.6 cr (+166% year on year), PAT ₹4.0 cr, EBITDA margin 4.6% (+264 bps). Score 68 of 100, Above trend. EBITDA margin rose 264 bps year on year. Other income 83% of PBT. Not enough history for a trend yet: scored on growth alone. Share price after the results: −6.8% in 29 days (Nifty 500: +0.6%).
  • Q3 FY26: Revenue ₹190 cr (+8% year on year), EBITDA ₹7.3 cr (−27% year on year), PAT ₹0.8 cr (−23% year on year), EBITDA margin 3.9% (−185 bps). Score 23 of 100, Below trend. Revenue growth was well below the company's own trend; EBITDA growth was below it; profit growth was in line with it. EBITDA margin fell 185 bps year on year. Other income 324% of PBT. Revenue fell 45% from last quarter. Revenue rose ₹14.5 cr on a year ago, against ₹52.0 cr the year before. Share price after the results: −2.7% in 30 days (Nifty 500: −7.8%).
  • Q2 FY26: Revenue ₹347 cr (+12% year on year), EBITDA ₹33.0 cr (−6% year on year), PAT ₹17.0 cr (−19% year on year), EBITDA margin 9.5% (−174 bps). Score 38 of 100, Below trend. Revenue growth was well below the company's own trend; EBITDA and profit growth were in line with it. EBITDA margin fell 174 bps year on year. Revenue fell 5% from last quarter. Revenue rose ₹36.0 cr on a year ago, against ₹58.0 cr the year before. Share price after the results: −5.4% in 29 days (Nifty 500: −0.4%).
  • Q1 FY26: Revenue ₹367 cr (+44% year on year), EBITDA ₹51.0 cr (+89% year on year), PAT ₹33.0 cr (+120% year on year), EBITDA margin 13.9% (+331 bps). Score 75 of 100, Above trend. Revenue growth was in line with the company's own trend; EBITDA growth was well above it; profit growth was above it. EBITDA margin rose 331 bps year on year. Revenue rose ₹112 cr on a year ago, more than the ₹93.0 cr it added the year before. Share price after the results: +5.0% in 30 days (Nifty 500: +2.2%).
  • Q4 FY25: Revenue ₹210 cr (+81% year on year), EBITDA ₹4.0 cr, PAT −₹2.0 cr, EBITDA margin 1.9% (+190 bps). Score 45 of 100, In line with trend. Revenue growth was well above the company's own trend. EBITDA margin rose 190 bps year on year. Profit fell 300% from last quarter. Share price after the results: +34.4% in 28 days (Nifty 500: +3.6%).
  • Q3 FY25: Revenue ₹175 cr (+42% year on year), EBITDA ₹10.0 cr (+11% year on year), PAT ₹1.0 cr (−83% year on year), EBITDA margin 5.7% (−160 bps). Score 55 of 100, In line with trend. Revenue and EBITDA growth were in line with the company's own trend; profit growth was below it. EBITDA margin fell 160 bps year on year. Tax rate 0%. Revenue fell 44% from last quarter. Revenue rose ₹52.0 cr on a year ago, more than the ₹22.0 cr it added the year before.
  • Q2 FY25: Revenue ₹311 cr (+23% year on year), EBITDA ₹35.0 cr (+17% year on year), PAT ₹21.0 cr (−9% year on year), EBITDA margin 11.3% (−60 bps). Score 52 of 100, In line with trend. EBITDA margin fell 60 bps year on year. Not enough history for a trend yet: scored on growth alone.

Past price moves after results do not indicate future moves. Not a recommendation.

Dharmaj Crop Guard Limited earnings call, investor presentation and press release summaries

Figures from the company's filings with NSE and BSE. Not investment advice.