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Latest filing: 2026-08-07 19:11
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Dharmaj Crop Guard Q1 FY27 PAT Up 17% to ₹38.1 Cr; EBITDA Margin Expands to 14.9%
Dharmaj Crop Guard reported a 5% YoY revenue increase to ₹384.1 Cr for Q1 FY27, successfully navigating a delayed monsoon season. Net profit (PAT) grew 17% to ₹38.1 Cr, supported by a 111 bps expansion in EBITDA margins to 14.9% due to a better product mix. While the Active Ingredients segment saw a 14% revenue dip due to West Asia macro headwinds, the Export vertical surged 116% YoY. The company is currently tracking 165 pending export registrations and progressing with a new herbicide facility in Ahmedabad.
Confidence: HIGH
What changedThe company has shifted its product mix toward higher-value branded formulations and achieved a significant scale-up in its export business.
Why it mattersThe margin expansion to 14.9% during a challenging quarter for the agrochemical industry indicates improved operational efficiency and pricing power in the branded segment.
Q1 Revenue: ₹384.1 CrQ1 PAT: ₹38.1 CrEBITDA Margin: 14.9%Export Growth: 116%Pending Export Registrations: 165
📅 Short termThe stock may see positive sentiment due to the double-digit growth in PAT and margins despite a difficult operating environment for the sector.
📈 Long termThe structural shift towards technical manufacturing and herbicide expansion aims to reduce seasonal domestic dependence and improve long-term profitability.
⚠ Risk flags
- Irregular monsoon patterns affecting domestic demand
- Geopolitical risks in West Asia impacting the Active Ingredients segment
- High depreciation costs from new facilities
Key Highlights
Revenue from operations grew 5% YoY to ₹384.1 Cr despite a slow start to the monsoon.
EBITDA increased 13% YoY to ₹57.3 Cr with margins improving from 13.8% to 14.9%.
Export institutional revenue surged 116% YoY to ₹37.5 Cr, continuing its recovery trend.
Active Ingredients revenue fell 14% YoY to ₹76.4 Cr due to geopolitical headwinds and input availability.
Retail touchpoints expanded to 19,500+ supported by a network of 5,300+ dealers.
👀 What to Watch
Watch the execution timeline of the new Kerala GIDC herbicide facility and the capacity utilization levels of the Sayakha plant, as these are key to sustaining the current margin expansion.
17% PAT Growth in Q1FY27; Revenue up 5% to ₹384.1 Cr Despite Delayed Monsoon
Dharmaj Crop Guard reported a resilient Q1FY27 with revenue growing 5% YoY to ₹384.1 Cr, despite a delayed monsoon impacting domestic demand. Profitability showed strong momentum as PAT rose 17% YoY to ₹38.1 Cr and EBITDA margins expanded by 110 bps to 14.9%. While the Active Ingredients segment faced a 14% decline due to geopolitical tensions in West Asia, the Exports vertical surged by 116% YoY. The company remains on track with its new herbicide facility in Ahmedabad to further diversify its product mix.
Confidence: HIGH
What changedDharmaj has demonstrated margin expansion through a shift toward value-added products and a massive surge in exports, offsetting a temporary slowdown in its technicals business.
Why it mattersThe ability to expand margins and grow exports during a delayed monsoon season highlights operational resilience and successful diversification beyond the domestic formulations market.
Revenue (Q1FY27): ₹384.1 CrPAT (Q1FY27): ₹38.1 CrEBITDA Margin: 14.9%Export Growth: 116%Q1 Revenue vs TTM Revenue: ~33.7%
📅 Short termThe stock may react positively to the margin expansion and strong export numbers, which provide a cushion against domestic agricultural volatility.
📈 Long termThe company's transition into an integrated player with the Sayakha plant and new herbicide capacity suggests a structural shift toward higher-margin technicals and exports.
⚠ Risk flags
- Geopolitical risks in West Asia affecting technicals supply/demand
- Dependency on monsoon patterns for domestic formulations
- High depreciation costs from new facilities impacting net margins
Key Highlights
Revenue increased 5% YoY to ₹384.1 Cr, representing approximately 33.7% of TTM revenue.
EBITDA margins improved to 14.9% from 13.8% in Q1FY26, driven by a better product mix.
Export revenue grew by 116% YoY, continuing a recovery trend from the previous fiscal year.
Active Ingredients (Technicals) revenue declined 14% YoY due to macro headwinds and the West Asia crisis.
PAT grew 17% YoY to ₹38.1 Cr, significantly outperforming revenue growth.
👀 What to Watch
Monitor the utilization levels of the Sayakha technical plant and the commissioning timeline of the new herbicide facility in Ahmedabad. Investors should also track the recovery of the Active Ingredients segment as geopolitical headwinds stabilize.
Dharmaj Crop Guard Q1 PAT Grows 17% YoY to ₹38.11 Cr; Margins Improve to 13.3%
Dharmaj Crop Guard reported a steady Q1 FY27 with revenue growing 4% YoY to ₹382.38 Cr. Net profit saw a stronger growth of 16.9% YoY, reaching ₹38.11 Cr, driven by improved operational efficiency as PBT margins rose to 13.3% from 11.9% in the year-ago quarter. Finance costs decreased by 13.9% YoY to ₹2.68 Cr, while the company also strengthened its board by appointing a former SBI Vice President as an Independent Director.
Confidence: HIGH
What changedDharmaj reported its Q1 FY27 financial results showing double-digit profit growth and replaced one Independent Director on its board.
Why it mattersThe margin improvement despite modest revenue growth suggests the company is successfully transitioning toward higher-margin active ingredients (technicals) at its new Sayakha plant.
Revenue (Q1 FY27): ₹382.38 CrNet Profit (Q1 FY27): ₹38.11 CrPAT Growth (YoY): 16.9%PBT Margin: 13.3%Finance Costs: ₹2.68 Cr
📅 Short termThe stock may see positive sentiment in the coming days due to the double-digit bottom-line growth and margin expansion in a seasonally important quarter.
📈 Long termThe structural shift from formulations to active ingredients (technicals) is the key long-term driver; success depends on achieving optimal utilization at the Sayakha facility.
⚠ Risk flags
- High dependence on monsoon patterns for demand
- High fixed costs (depreciation) from the new Sayakha plant
- Competitive pricing in the agrochemical sector
Key Highlights
Revenue from operations increased to ₹382.38 Cr in Q1 FY27 from ₹367.38 Cr in Q1 FY26.
Net Profit (PAT) grew by 16.9% YoY to ₹38.11 Cr compared to ₹32.59 Cr in the previous year.
Profit Before Tax (PBT) margin improved to 13.3% from 11.9% YoY, indicating better cost management.
Finance costs reduced to ₹2.68 Cr from ₹3.12 Cr in the corresponding quarter last year.
Appointment of Mrs. Megha Joshi (Chartered Accountant with 16 years banking experience) as Independent Director for a 5-year term.
👀 What to Watch
Investors should monitor the capacity utilization levels of the Sayakha facility over the next 12 months, as its ramp-up is critical for sustaining the current margin expansion.
Dharmaj Q1 PAT Rises 17% YoY to ₹38.1 Cr; Revenue Up 4% to ₹382.4 Cr
Dharmaj Crop Guard reported a 16.9% YoY increase in net profit to ₹38.11 crore for Q1 FY27, outstripping revenue growth of 4.1% (₹382.38 crore). The company showed significant sequential recovery, with revenue jumping 63.6% from the March 2026 quarter (₹233.78 crore), highlighting the seasonal strength of the June quarter in the agrochemical sector. Profit Before Tax (PBT) rose 16.6% YoY to ₹50.99 crore, while finance costs were reduced by 13.9% to ₹2.68 crore. The board also appointed Mrs. Megha Joshi, a former SBI Vice President, as an Independent Director for a five-year term.
Confidence: HIGH
What changedDharmaj reported its Q1 FY27 financial results showing steady YoY growth and a board transition with the resignation of Mrs. Amisha Shah and the appointment of Mrs. Megha Joshi.
Why it mattersThe results demonstrate the company's ability to maintain profitability growth despite a relatively modest top-line increase, and the sequential jump confirms the business's seasonal cyclicality.
Revenue (Q1 FY27): ₹382.38 CrPAT (Q1 FY27): ₹38.11 CrYoY PAT Growth: 16.9%QoQ Revenue Growth: 63.6%Finance Costs: ₹2.68 Cr
📅 Short termThe stock may see positive sentiment due to the double-digit profit growth and strong sequential recovery in revenue.
📈 Long termLong-term value depends on the successful ramp-up of the Sayakha plant and the conversion of its 168 export registrations into active revenue streams.
⚠ Risk flags
- Seasonal dependence on monsoon patterns
- High fixed costs from the Sayakha plant (₹18.27 Cr annual depreciation) if utilization lags
Key Highlights
Revenue from operations increased 4.1% YoY to ₹382.38 crore from ₹367.38 crore.
Net profit (PAT) grew 16.9% YoY to ₹38.11 crore compared to ₹32.59 crore in the previous year's quarter.
Finance costs declined to ₹2.68 crore from ₹3.12 crore in Q1 FY26.
Sequential revenue growth of 63.6% recorded against the preceding quarter (Q4 FY26).
Appointment of Mrs. Megha Joshi as Independent Director for a 5-year term starting August 08, 2026.
👀 What to Watch
Investors should monitor the utilization levels of the Sayakha facility over the next 12 months, as its ramp-up is critical for margin expansion in the Active Ingredients vertical.
Dharmaj Crop Guard FY26 PAT Jumps 57% to ₹55 Cr; Revenue Grows 20% to ₹1,138 Cr
Dharmaj Crop Guard delivered a strong FY26 performance with revenue reaching ₹1,138 crores, a 20% YoY increase, and PAT surging 57% to ₹55 crores. The active ingredient (technical) segment was a major driver, growing 37% YoY and achieving a strategic milestone of PBT-level break-even. While branded formulations were muted at 3% growth due to erratic monsoons, the company maintained healthy margins and improved its ROCE to 18%. Management has provided a positive growth guidance of 18-20% for FY27, supported by upcoming capacity expansions.
Key Highlights
FY26 Revenue grew 20% YoY to ₹1,138 crores, while Q4 FY26 revenue rose 11% to ₹234 crores.
Net Profit for the full year increased by 57% YoY to ₹55 crores, with EBITDA margins expanding to 9%.
The technical plant achieved PBT-level break-even, with the active ingredient business growing 37% YoY.
Inventory levels increased to ₹2,074 million as a strategic move to secure raw materials amid the West Asia crisis.
A new dedicated herbicide facility in Ahmedabad is on track for commissioning in Q3 FY27.
👀 What to Watch
Investors should focus on the company's transition toward higher-margin technical products and the expected recovery in the branded formulation segment in FY27. The successful PBT break-even of the technical plant and the 18-20% growth guidance make it a positive outlook for long-term holders.
Dharmaj Crop Guard Reports Strong FY26 Performance; PAT Surges 57% to ₹547 Million
Dharmaj Crop Guard Limited delivered a robust financial performance for FY26, with revenue growing 20% YoY to ₹11,380 million. Profitability saw a significant boost as PAT jumped 57% to ₹547 million, driven by improved capacity utilization and a successful break-even at the Technicals unit. The company's Domestic Active Ingredients segment grew by 37%, while Export Institutional sales recovered strongly with 58% growth. Management has proactively secured inventory to mitigate potential supply chain disruptions and rising input costs due to the West Asia crisis.
Key Highlights
FY26 Revenue increased 20% YoY to ₹11,380 Mn; Q4FY26 Revenue grew 11% to ₹2,338 Mn.
Full-year EBITDA grew 34% YoY to ₹1,005 Mn, with margins expanding to 9%.
Domestic Active Ingredients segment registered 37% YoY growth, reaching ₹2,734 Mn in FY26.
Export Institutional business showed a strong recovery, growing 58% YoY to ₹834 Mn.
New Herbicides facility at Ahmedabad is on track for commissioning by Q3FY27.
👀 What to Watch
Investors should monitor the ramp-up of the new Herbicides facility and the company's ability to maintain margins amidst volatile global raw material prices. The successful integration of the Technicals business provides a positive outlook for long-term margin sustainability.
Dharmaj Crop Guard FY26 PAT Jumps 57% to ₹547 Mn; Technicals Unit Breaks Even
Dharmaj Crop Guard reported a strong FY26 with revenue growing 20% YoY to ₹11,380 million and Net Profit surging 57% to ₹547 million. A major strategic milestone was achieved as the Technicals unit broke even at the PBT level due to improved capacity utilization and a better product mix. While Q4 revenue grew 11%, EBITDA for the quarter skyrocketed 176% YoY, reflecting significant margin expansion. Management has proactively increased inventory levels to mitigate supply chain risks from the West Asia crisis, securing the upcoming Kharif season.
Key Highlights
FY26 Net Profit increased by 57% YoY to ₹547 million, while EBITDA grew 34% to ₹1,005 million.
Technicals business (Domestic Active Ingredients) saw a 37% YoY growth and achieved PBT break-even.
Q4FY26 EBITDA margins improved to 5% compared to 2% in the previous year's quarter.
Domestic Institutional segment grew 15% YoY, while Branded Formulations saw a modest 3% growth.
New dedicated Herbicides facility in Ahmedabad is on track for commissioning by Q3FY27.
👀 What to Watch
Investors should view the PBT break-even of the Technicals unit as a significant positive for long-term margin sustainability. Monitor the working capital cycle in the coming quarters as the company holds higher inventory to hedge against global supply chain volatility.
Dharmaj Crop Guard FY26 Revenue Rises 19.6% to ₹11,379.6 Mn; Q4 Revenue Up 11.3% YoY
Dharmaj Crop Guard reported a strong 19.6% year-on-year increase in consolidated revenue for FY26, reaching ₹11,379.65 million. The fourth quarter also showed steady growth, with revenue at ₹2,337.79 million compared to ₹2,099.28 million in Q4 FY25. Total annual expenses stood at ₹10,738.31 million, primarily driven by raw material costs. The company also announced the appointment of M/s. Manubhai & Shah LLP as internal auditors for the next fiscal year.
Key Highlights
Consolidated annual revenue from operations grew 19.6% to ₹11,379.65 million in FY26.
Q4 FY26 revenue increased to ₹2,337.79 million, up 11.3% from ₹2,099.28 million in Q4 FY25.
Annual finance costs rose to ₹172.16 million from ₹128.97 million in the previous year.
Employee benefit expenses for the full year increased to ₹557.64 million.
Statutory auditors issued an unmodified opinion on the financial results for the year ended March 31, 2026.
👀 What to Watch
Investors should view the double-digit revenue growth as a positive indicator of market share expansion. However, monitoring the impact of rising finance costs and raw material prices on net margins is advised.
Dharmaj Crop Guard FY26 Revenue Grows 19.6% to ₹11,379 Mn; Q4 Turns Profitable
Dharmaj Crop Guard Limited reported a robust 19.6% increase in annual revenue for FY26, reaching ₹11,379.65 million compared to ₹9,510.44 million in FY25. The company demonstrated a significant turnaround in the fourth quarter, posting a profit before tax of ₹52.38 million compared to a loss of ₹31.95 million in Q4 FY25. For the full year, profit before tax surged by approximately 58% to ₹724.83 million. The company also appointed M/s. Manubhai & Shah LLP as internal auditors for the next fiscal year.
Key Highlights
Annual Revenue from Operations increased by 19.6% YoY to ₹11,379.65 million
Full-year Profit Before Tax (PBT) rose 58.4% to ₹724.83 million from ₹457.57 million
Q4 FY26 Revenue grew 11.3% YoY to ₹2,337.79 million
Turnaround in Q4 profitability with a PBT of ₹52.38 million versus a loss in the previous year's Q4
Finance costs for the full year increased to ₹172.16 million from ₹128.97 million
👀 What to Watch
Investors should view the strong top-line growth and the quarterly turnaround in profitability as positive indicators of operational efficiency. Monitor the impact of rising finance costs and inventory management on future margins.
Dharmaj Crop Guard FY26 Revenue Jumps 19.7% to ₹11.38 Billion; Profit Surges
Dharmaj Crop Guard Limited reported a robust performance for the financial year ended March 31, 2026, with consolidated revenue from operations rising 19.7% YoY to ₹11,379.65 million. The company's profitability showed significant improvement, with Profit Before Tax (PBT) for FY26 reaching ₹724.83 million, a 58.4% increase from ₹457.57 million in FY25. For Q4 FY26, revenue stood at ₹2,337.79 million, up 11.4% compared to the same quarter last year. The board also appointed Manubhai & Shah LLP as Internal Auditors for the 2026-27 fiscal year.
Key Highlights
Consolidated Revenue from Operations grew 19.7% YoY to ₹11,379.65 million in FY26.
Profit Before Tax (PBT) for the full year surged by 58.4% to ₹724.83 million.
Q4 FY26 revenue reached ₹2,337.79 million, reflecting an 11.4% growth over Q4 FY25.
Total expenses for the full year were ₹10,738.31 million compared to ₹9,074.37 million in the previous year.
Appointment of M/s. Manubhai & Shah LLP as Internal Auditors for FY 2026-27.
👀 What to Watch
Investors should take note of the significant margin expansion and strong top-line growth, which suggests improved operational efficiency. The stock remains a positive watch given the consistent growth in the agrochemical sector.
Dharmaj Crop Guard Q3 Revenue Rises 8.6% to ₹1,895M; 9M PAT Surges 36% YoY
Dharmaj Crop Guard reported a consolidated revenue of ₹1,895.40 million for Q3 FY26, an 8.6% increase compared to ₹1,745.08 million in Q3 FY25. While quarterly net profit saw a dip to ₹7.56 million from ₹11.79 million due to seasonality and higher expenses, the 9-month performance remains robust. For the period ending December 31, 2025, cumulative revenue grew 22% to ₹9,041.86 million, and PAT rose significantly by 36% to ₹506.78 million. The company also noted a ₹4.75 million impact from newly effective Labour Codes.
Key Highlights
Q3 FY26 Revenue from operations grew 8.6% YoY to ₹1,895.40 million.
9M FY26 Net Profit increased to ₹506.78 million, up from ₹372.76 million in the previous year.
Earnings Per Share (EPS) for the 9-month period improved to ₹14.99 from ₹11.03 YoY.
Total Expenses for Q3 FY26 rose to ₹1,917.36 million compared to ₹1,729.32 million in Q3 FY25.
The company disclosed a one-time financial implication of ₹4.75 million related to the new unified Labour Codes.
👀 What to Watch
Investors should look past the volatile Q3 results, which are impacted by the seasonal nature of the agri-input business, and focus on the strong 9-month growth trajectory. Monitor the progress of the new subsidiary, DCGL Industries Limited, as it begins operations to drive future revenue.
Dharmaj Crop Guard Assigned 'CARE A-; Stable' Rating; H1FY26 PAT Surges to ₹49.92 Cr
CARE Ratings has assigned a 'CARE A-; Stable' rating to Dharmaj Crop Guard's long-term bank facilities and 'CARE A2+' to short-term facilities. The company demonstrated strong growth with H1FY26 revenue reaching ₹714.65 crore, a 26% YoY increase, while H1FY26 PAT of ₹49.92 crore has already surpassed the full-year FY25 PAT of ₹34.84 crore. Financial risk remains low with a comfortable gearing of 0.32x and an improved interest coverage ratio of 10.83x. The recent ramp-up of the technical plant has successfully improved PBILDT margins to 11.55% in H1FY26 from 7.94% in FY25.
Key Highlights
Assigned 'CARE A-; Stable' rating for ₹69.93 Cr long-term and 'CARE A2+' for ₹57.20 Cr short-term facilities.
H1FY26 PAT reached ₹49.92 Cr, significantly exceeding the total FY25 PAT of ₹34.84 Cr.
Total Operating Income grew at a 37% CAGR over the last five years, hitting ₹951.66 Cr in FY25.
Overall gearing remains healthy at 0.32x with interest coverage improving to 10.83x in H1FY26.
PBILDT margins recovered to 11.55% in H1FY26 following the commercialization of the technical plant.
👀 What to Watch
The investment-grade rating and sharp recovery in H1FY26 profitability suggest strong operational execution following recent capacity expansions. Investors should monitor the sustainability of these margins and the company's working capital cycle, which remains seasonally intensive.
Dharmaj Crop Guard Appoints Rohit Sharma as Brand Ambassador to Drive Brand Business Growth
Dharmaj Crop Guard has signed Indian cricketer Rohit Sharma as its brand ambassador to bolster its domestic brand business division. This strategic move aims to enhance brand visibility and trust across the 24 Indian states where the company currently operates. By leveraging Sharma's mass appeal, the company intends to deepen its penetration into rural markets and strengthen its identity among farmers and channel partners. This initiative aligns with Dharmaj's recent expansion into active ingredient manufacturing at its 8,000 TPA Sayakha facility.
Key Highlights
Appointment of Rohit Sharma as brand ambassador to drive the next growth phase in the brand business division.
Targeting deeper penetration across 24 Indian states where the company currently has a presence.
Focus on strengthening trust and brand identity among farmers and B2C channel partners.
Strategic alignment with the company's recent commissioning of an 8,000 TPA technicals unit at Sayakha.
Aims to leverage leadership stature to drive impactful marketing and brand-building initiatives.
👀 What to Watch
Monitor the impact of this branding exercise on the company's B2C segment sales and market share in the upcoming quarters. This move indicates aggressive marketing to complement their recent backward integration into technicals manufacturing.
Dharmaj Crop Guard Q3 Revenue Up 9% to ₹1,895 Mn; 9M PAT Grows 36% to ₹507 Mn
Dharmaj Crop Guard reported a mixed Q3FY26 with revenue growth of 9% YoY to ₹1,895 Mn, though quarterly PAT declined 35% to ₹8 Mn due to a one-time labor provision of ₹4.75 Mn and lower formulation sales. However, the 9-month performance remains robust with revenue up 22% to ₹9,042 Mn and PAT rising 36% to ₹507 Mn, supported by better capacity utilization at the Saykha facility. The company also announced a new ₹330 Mn CAPEX for a dedicated herbicide unit in Ahmedabad, expected to be operational by Q2FY27. Despite industry-wide inventory headwinds, 9M EBITDA margins improved slightly to 9.9% from 9.6% YoY.
Key Highlights
9MFY26 Revenue grew 22% YoY to ₹9,042 Mn, with PAT increasing 36% to ₹507 Mn.
Q3FY26 Revenue stood at ₹1,895 Mn (+9% YoY), but EBITDA fell 23% YoY to ₹73 Mn due to margin pressure.
Announced ₹330 Mn CAPEX for a new Herbicides Formulations Unit in Ahmedabad to be operational by Q2FY27.
9M EBITDA margins improved to 9.9% compared to 9.6% in the previous year, aided by operational leverage.
Q3 results were impacted by a one-time provision of ₹4.75 Mn for labor code amendments and high channel inventory.
👀 What to Watch
Investors should focus on the strong 9-month growth trajectory and the strategic expansion into herbicides, while monitoring the recovery of formulation margins in the upcoming quarters. The stock remains a watch for long-term growth as the Saykha facility scales up and technical realizations stabilize.
Dharmaj Crop Guard Q3 Revenue Up 9% to ₹1,895 Mn; PAT Down 35% on Margin Pressure
Dharmaj Crop Guard reported a mixed Q3FY26, with revenue growing 9% YoY to ₹1,895 Mn, while PAT declined 35% to ₹8 Mn due to a muted Rabi season and a one-time labor code provision of ₹4.75 Mn. Despite the quarterly dip, the 9MFY26 performance remains robust with revenue up 22% and PAT up 36% YoY to ₹507 Mn. The company announced a new ₹330 Mn CAPEX for a herbicide unit in Ahmedabad, expected to be operational by Q2FY27. Management is focusing on captive consumption of technicals to optimize margins amid a challenging market for active ingredients.
Key Highlights
Q3FY26 Revenue grew 9% YoY to ₹1,895 Mn, but EBITDA margins contracted from 5.4% to 3.9% YoY.
9MFY26 PAT increased 36% YoY to ₹507 Mn with EBITDA margins improving to 9.9%.
Announced ₹330 Mn CAPEX for a dedicated Herbicides Formulations Unit at Kerala GIDC, Ahmedabad.
Export Institutional segment showed strong growth of 134% YoY in Q3, reaching ₹242 Mn.
Retail touchpoints expanded from 17,000 to over 19,000 in the first nine months of FY26.
👀 What to Watch
While Q3 was impacted by industry-wide inventory issues and lower formulation sales, the strong 9M growth and new herbicide capex signal long-term potential. Investors should monitor the recovery of formulation margins and the timely execution of the new Ahmedabad facility.
Dharmaj Crop Guard Approves Q3 and Nine Months FY26 Financial Results
Dharmaj Crop Guard's Board of Directors met on February 10, 2026, to approve the unaudited financial results for the quarter and nine months ended December 31, 2025. The results include both standalone and consolidated figures, which have undergone a limited review by MSKA & Associates LLP. This announcement confirms the company's compliance with SEBI's regulatory filing timelines. Investors should now look for the detailed P&L and Balance Sheet statements to evaluate operational performance.
Key Highlights
Approval of Unaudited Consolidated and Standalone Financial Results for the period ending Dec 31, 2025
Limited Review Report issued by Statutory Auditors M/s. MSKA & Associates LLP was taken on record
The Audit Committee reviewed and recommended the results before the Board's final approval
Compliance maintained under Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements)
👀 What to Watch
Analyze the specific revenue and PAT figures in the full report to gauge the company's growth trajectory. Compare these results against industry peers in the agrochemical sector.
Dharmaj Crop Guard Approves Q3 and Nine Months FY26 Financial Results
Dharmaj Crop Guard Limited's Board of Directors approved the unaudited standalone and consolidated financial results for the third quarter and nine months ending December 31, 2025. The meeting, held on February 10, 2026, also took on record the Limited Review Report from statutory auditors MSKA & Associates LLP. While the specific financial figures were not detailed in this cover letter, the approval confirms the completion of the regulatory reporting cycle for the period. Investors should now examine the detailed financial tables for specific revenue and profit trends.
Key Highlights
Board approved Unaudited Consolidated and Standalone Financial Results for Q3 FY26.
Results for the nine-month period ended December 31, 2025, were finalized and taken on record.
Statutory auditors M/s. MSKA & Associates LLP issued a Limited Review Report on the results.
The Audit Committee reviewed and recommended the financial results prior to board approval.
👀 What to Watch
Investors should download the full financial results from the stock exchange websites to analyze year-on-year growth and margin performance. Monitor the company's performance relative to peers in the agrochemical sector for the December quarter.
