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Dharmaj Crop Guard Ltd

Q3 FY26Fertilizers & Agrochemicals

Dharmaj Crop Guard Ltd Q3 FY26 Results & Presentation Highlights: Revenue, Margins & Order Book

Q3 FY26 investor presentation: what the company reported on revenue, margins and projects.

Price₹301
Market cap₹933 Cr
P/E15.5
Updated24 Sept 2026
Read4 min read

Based on Dharmaj Crop Guard Ltd's Q3 FY26 investor presentation. The company has not published an earnings-call transcript for this quarter, so figures here are what the presentation reports, not management guidance.

The short version

Q3FY26 revenue from operations: ₹1,895 million, a 9% year-on-year (YoY) increase from ₹1,745 million in Q3FY25. Q3FY26 EBITDA: ₹73 million, down 23% YoY (from ₹95 million in Q3FY25) - Q3FY26 EBITDA Margin: 3.9%, down 158 basis points YoY (from 5.4% in Q3FY25) - Q3FY26 Profit After Tax (PAT): ₹8 million, down 35% YoY (from ₹12 million in Q3FY25) - Q3FY26 PAT Margin: 0.4%, down 28 basis points YoY (from 0.7% in Q3FY25) Explicit Margin Outlook: - Management commentary notes EBITDA margins contracted in Q3FY26 due to lower formulations sales mix and a one-time ₹4.75 million labor code provision.

From Dharmaj Crop Guard Ltd's Q3 FY26 earnings-call transcript · updated 24 Sept 2026.

Revenue & Sales Performance

  • Q3FY26 revenue from operations: ₹1,895 million, a 9% year-on-year (YoY) increase from ₹1,745 million in Q3FY25.
  • Q3FY26 total income: ₹1,927 million, a 10% YoY growth.
  • Volume-related outlook: No explicit volume figures are given; however, the company notes subdued spraying activity in Q3 impacting industry volumes, leading to softer Formulations business performance.
  • Management Outlook: Confident of achieving full-year revenue growth targets driven by pan-India presence, scaling Active Ingredients business, and exports portfolio development.

2 more points management made on revenue & sales performance

Profitability & Margins

See what Dharmaj Crop Guard Ltd said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

  • Dharmaj Crop Guard Limited is undertaking a new CAPEX project at its Formulations facility in Kerala GIDC, Ahmedabad.
  • The project involves setting up a dedicated Herbicides Formulations Unit adjacent to the existing facility.
  • This unit is needed to prevent contamination risk and supports the long-term focus on expanding the herbicide category.
  • The new facility will also free up capacity at the current plant, improving throughput during peak Kharif season.
  • The CAPEX budget for this project is ₹330 million.
  • The new unit is expected to be operational by the end of Q2FY27 (around September 2026).

2 more points management made on capital expenditure plans

Top-ranked in Fertilizers & Agrochemicals

Ranked on what management guided this quarter

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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

See what Dharmaj Crop Guard Ltd said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

The investor presentation does not explicitly report any specific figures or details related to order book, order inflow, or pending orders. The document focuses on: - Financial performance (revenue, EBITDA, PAT) for Q3 & 9MFY26. - Business vertical growth (Branded Formulations, Institutional Formulations, Active Ingredients). - Market and operational highlights, including product launches, dealer and retail touchpoints expansion.

2 more points management made on order book & pipeline

Dharmaj Crop Guard Ltd — Quarterly revenue & net profit

Revenue Net profit Net loss
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Mar 2026

Reported quarterly figures (₹ Cr). Latest: revenue ₹234 Cr, net profit ₹4 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

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Frequently Asked Questions

What were Dharmaj Crop Guard Ltd Q3 FY26 results?

Q3FY26 revenue from operations: ₹1,895 million, a 9% year-on-year (YoY) increase from ₹1,745 million in Q3FY25. Q3FY26 EBITDA: ₹73 million, down 23% YoY (from ₹95 million in Q3FY25) - Q3FY26 EBITDA Margin: 3.9%, down 158 basis points YoY (from 5.4% in Q3FY25) - Q3FY26 Profit After Tax (PAT): ₹8 million, down 35% YoY (from ₹12 million in Q3FY25) - Q3FY26 PAT Margin: 0.4%, down 28 basis points YoY (from 0.7% in Q3FY25) Explicit Margin Outlook: - Management commentary notes EBITDA margins contracted in Q3FY26 due to lower formulations sales mix and a one-time ₹4.75 million labor code provision.

What is Dharmaj Crop Guard Ltd share price analysis?

Dharmaj Crop Guard Ltd currently shows a neutral. The stock trades at a P/E of 15.5 with a market cap of ₹933 Cr. Investors should review the full earnings analysis for detailed insights.

Is Dharmaj Crop Guard Ltd planning capital expenditure?

Dharmaj Crop Guard Limited is undertaking a new CAPEX project at its Formulations facility in Kerala GIDC, Ahmedabad.

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This analysis is AI-generated based on publicly available earnings data and the company's investor presentation. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.