Madhya Bharat Agro Products Ltd
Madhya Bharat Agro Products Q3 FY26 earnings call: Revenue & Margins
Q3 FY26 earnings call: what management guided on revenue, margins and order book.
The short version
The company expects to maintain the current momentum in its own production, aiming for similar performance in Q4 FY26 as seen in the first three quarters. The company expects revenue to increase by more than 50% in FY27, driven by new plant commissioning and sustained demand.
From Madhya Bharat Agro Products Ltd's Q3 FY26 earnings-call transcript · updated 16 Oct 2026.
Revenue & Sales Performance
- The company expects to maintain the current momentum in its own production, aiming for similar performance in Q4 FY26 as seen in the first three quarters.
- For FY27, a revenue growth of more than 50% is anticipated, driven primarily by the commissioning of the new Dhule plant.
- The Dhule project (phase 1) with 3.3 LMT capacity for DAP/NPK and SSP is expected to start commercial production by October 2026.
- Expansion at Sagar, Madhya Pradesh, is anticipated to commence in Q1 FY27, adding 90,000 MT capacity.
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Profitability & Margins
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Capital Expenditure Plans
- Madhya Bharat Agro Products Limited is progressing with capacity expansion and backward integration plans.
- At Dhule, Maharashtra, setting up an integrated complex fertilizer plant with:
- 3.3 LMT DAP NPK fertilizer capacity,
- 3.3 LMT SSP fertilizer capacity,
- Backward integration through phosphoric acid and sulfuric acid.
- Dhule plant commissioning planned in the first half of FY’27 (trial production July 2026, commercial production October 2026).
- Expanding DAP NPK fertilizer capacity by 90,000 metric tons and sulfuric acid capacity at Sagar, Madhya Pradesh; expected commissioning in Q1 FY’27.
- Orders for plant and machinery for Sagar expansion have been placed; equipment in transit, civil work completed.
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Fundraising & Capital Structure
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Order Book & Pipeline
- No specific mention of current or expected order book or pending orders was made during the Q3 FY26 earnings call transcript.
- However, it was indicated that demand for the company's fertilizers is strong and supply is being maintained through both production and imports.
- The company is operating at 100% capacity utilization at present, with additional demand met through imports.
- Imports are pursued opportunistically based on demand and market opportunities.
- Management expressed confidence in maintaining revenue momentum in Q4 based on order inflows.
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Madhya Bharat Agro Products Ltd — 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 Madhya Bharat Agro Products Ltd Q3 FY26 results?
The company expects to maintain the current momentum in its own production, aiming for similar performance in Q4 FY26 as seen in the first three quarters. The company expects revenue to increase by more than 50% in FY27, driven by new plant commissioning and sustained demand.
What is Madhya Bharat Agro Products Ltd share price analysis?
Madhya Bharat Agro Products Ltd currently shows a neutral. The stock trades at a P/E of 47.2 with a market cap of ₹7,321 Cr. Investors should review the full earnings analysis for detailed insights.
Is Madhya Bharat Agro Products Ltd planning capital expenditure?
Madhya Bharat Agro Products Limited is progressing with capacity expansion and backward integration plans.
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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.