M B Agro Prod.
M B Agro Prod. Q3 FY25 earnings call: Revenue & Margins
Q3 FY25 earnings call: what management guided on revenue, margins and order book.
The short version
New manufacturing unit at Nardana, Maharashtra with 3.3 lakh tons DAP/NPK capacity expected operational by September 2026, contributing to volume growth. The new Maharashtra plant is expected to be operational by end of FY26, with EBITDA per ton likely exceeding Rs.
From M B Agro Prod.'s Q3 FY25 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- New manufacturing unit at Nardana, Maharashtra with 3.3 lakh tons DAP/NPK capacity expected operational by September 2026, contributing to volume growth.
- Brownfield phosphoric acid expansion in Sagar, MP (33,000 tons) targeted for Q2 FY26 to support captive consumption and enhance output.
- EBITDA per ton expected to remain around Rs. 4,800 for FY26, with Maharashtra plant margins likely exceeding Rs. 6,000 per ton.
- Ramp-up of Maharashtra plant: ~40% utilization in FY27, full utilization expected in FY28, leading to significant revenue and margin expansion.
- Top-line projected to see a minor jump in FY26; substantial growth in FY27 and FY28 driven by new capacities.
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Profitability & Margins
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Capital Expenditure Plans
- Madhya Bharat Agro Products is undertaking a greenfield project at Nardana, Maharashtra, involving relocation and setup of a closed DAP/NPK unit from Dahej, Gujarat.
- The Nardana plant will have a capacity of 3.3 lakh tons of DAP/NPK with a CapEx of Rs. 535 crore, expected operational by September 2026 (FY26 end).
- A phosphoric acid capacity brownfield expansion at Sagar, Madhya Pradesh, is planned to increase capacity from 49,500 tons to 82,500 tons by Q2 FY26, with a CapEx of Rs. 70 crore.
- Financial closure for the Dhule project has been secured with loans totalling approximately Rs. 248 crore from SBI, Axis Bank, and Federal Bank.
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Top-ranked in Fertilizers & Agrochemicals
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
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Order Book & Pipeline
- The transcript does not explicitly mention the current or expected order book or pending orders for Madhya Bharat Agro Products Limited.
- However, it highlights strong demand for NPK fertilizers with a 50% YoY industry demand growth in the quarter.
- The company's DAP/NPK plant is running at 85% utilization, indicating robust sales and order fulfillment.
- Upcoming capacities include a greenfield project in Nardana, Maharashtra, with an additional 3.3 lakh tons of DAP/NPK expected operational by September 2026.
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M B Agro Prod. — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest (Q4 FY26): revenue ₹395 Cr, net profit ₹60 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What M B Agro Prod.'s management said in earlier quarters
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Frequently Asked Questions
What were M B Agro Prod. Q3 FY25 results?
New manufacturing unit at Nardana, Maharashtra with 3.3 lakh tons DAP/NPK capacity expected operational by September 2026, contributing to volume growth. The new Maharashtra plant is expected to be operational by end of FY26, with EBITDA per ton likely exceeding Rs.
What is M B Agro Prod. share price analysis?
M B Agro Prod. currently shows a neutral. The stock trades at a P/E of 47.6 with a market cap of ₹7,381 Cr. Investors should review the full earnings analysis for detailed insights.
Is M B Agro Prod. planning capital expenditure?
Madhya Bharat Agro Products is undertaking a greenfield project at Nardana, Maharashtra, involving relocation and setup of a closed DAP/NPK unit from Dahej, Gujarat.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.