Results     09-Apr-26
Analysis
Krishana Phoschem
Revenue up 59.8% YoY to Rs 755.5 crore in Q4FY2026
On standalone basis

Quarter ended March 2026 compared with Quarter ended March 2025.

Net sales (including other operating income) of Krishana Phoschem has increased 59.76% to Rs 755.49 crore.  

Operating profit margin has declined from 11.90% to 11.84%, leading to 58.96% rise in operating profit to Rs 89.48 crore.  Raw material cost as a % of total sales (net of stock adjustments) decreased from 50.61% to 38.04%.   Purchase of finished goods cost rose from 14.12% to 37.80%.   Employee cost decreased from 1.81% to 1.59%.   Other expenses fell from 21.32% to 11.67%.   

Other income fell 18.94% to Rs 5.18 crore.  PBIDT rose 51.02% to Rs 94.66 crore.  Provision for interest up 66.38% to Rs 13.51 crore.  Loan funds rose to Rs 733.47 crore as of 31 March 2026 from Rs 376.20 crore as of 31 March 2025.  Inventories rose to Rs 310.53 crore as of 31 March 2026 from Rs 148.90 crore as of 31 March 2025.  Sundry debtors were higher at Rs 715.21 crore as of 31 March 2026 compared to Rs 378.44 crore as of 31 March 2025.  Cash and bank balance rose to Rs 42.40 crore as of 31 March 2026 from Rs 27.84 crore as of 31 March 2025.  

PBDT rose 48.74% to Rs 81.15 crore.  Provision for depreciation rose 14.51% to Rs 8.68 crore.  Fixed assets increased to Rs 451.41 crore as of 31 March 2026 from Rs 372.49 crore as of 31 March 2025.  

Profit before tax grew 54.26% to Rs 72.47 crore.  Provision for tax was credit of Rs 10.61 crore, compared to debit of Rs 14.12 crore.  Effective tax rate was negative 14.64% compared to 30.06%.

Profit after tax rose 152.83% to Rs 83.08 crore.  

Equity capital stood at Rs 61.83 crore as of 31 March 2026 to Rs 61.83 crore as of 31 March 2025.  Per share face Value remained same at Rs 10.00.  

Promoters’ stake was 72.26% as of 31 March 2026 ,compared to 71.86% as of 31 March 2025 .  

Full year results analysis

Net sales (including other operating income) of Krishana Phoschem has increased 78.02% to Rs 2,418.00 crore.  

Operating profit margin has declined from 13.54% to 12.34%, leading to 62.17% rise in operating profit to Rs 298.34 crore.  Raw material cost as a % of total sales (net of stock adjustments) decreased from 58.43% to 46.16%.   Purchase of finished goods cost rose from 8.19% to 27.18%.   Employee cost decreased from 2.06% to 1.73%.   Other expenses fell from 17.65% to 13.21%.   

Other income up 59.42% to Rs 15.83 crore.  PBIDT rose 62.03% to Rs 314.17 crore.  Provision for interest fell 1.80% to Rs 38.74 crore.  Loan funds rose to Rs 733.47 crore as of 31 March 2026 from Rs 376.20 crore as of 31 March 2025.  Inventories rose to Rs 310.53 crore as of 31 March 2026 from Rs 148.90 crore as of 31 March 2025.  Sundry debtors were higher at Rs 715.21 crore as of 31 March 2026 compared to Rs 378.44 crore as of 31 March 2025.  Cash and bank balance rose to Rs 42.40 crore as of 31 March 2026 from Rs 27.84 crore as of 31 March 2025.  

PBDT rose 78.33% to Rs 275.43 crore.  Provision for depreciation rose 10.33% to Rs 34.4 crore.  Fixed assets increased to Rs 451.41 crore as of 31 March 2026 from Rs 372.49 crore as of 31 March 2025.  

Profit before tax grew 95.53% to Rs 241.03 crore.  Provision for tax was expense of Rs 60.88 crore, compared to Rs 36.73 crore.  Effective tax rate was 25.26% compared to 29.80%.

Profit after tax rose 108.17% to Rs 180.15 crore.  

Equity capital stood at Rs 61.83 crore as of 31 March 2026 to Rs 61.83 crore as of 31 March 2025.  Per share face Value remained same at Rs 10.00.  

Promoters’ stake was 72.26% as of 31 March 2026 ,compared to 71.86% as of 31 March 2025 .  

Cash flow from operating activities has turned negative Rs 191.41 crore for year ended March 2026 from positive Rs 154.30 crore for year ended March 2025.  Cash flow used in acquiring fixed assets during the year ended March 2026 stood at Rs 113.38 crore, compared to Rs 38.34 crore during the year ended March 2025. 

Dividend: Board of director’s considered and approved the recommendation of final dividend at Rs 0.50/- only per equity share of face value of Rs.10 each

Management Commentary:

Commenting on the results for Q4 & FY26, Mr. MK Ostwal- Promoter, Chairman & Director said, Fiscal Year 2026 was a watershed moment for Krishana Phoschem. It was the year our growth trajectory didn`t just shift it accelerated, with every quarter building a bridge to the next.

Even against a complex global backdrop, our strategy of deep backward integration and maximum plant utilization paid off. We didn`t just meet our targets; we shattered them. We take pride to report our highest-ever performance, with revenue surging 78% to Rs 2,418 crore and Profit After Tax leaping 108% to Rs 180 crore.

Beyond the balance sheet, the real story is on the ground. From record-breaking production levels to the exceptional traction of our NPK and SSP operations which consistently ran above rated capacity our success is a direct reflection of the unwavering trust farmers place in our brands

We are entering FY27 with a fundamentally larger and more efficient asset base. In March 2026, we successfully commissioned our Meghnagar expansions, strategically funded through a prudent mix of internal accruals and term loans- NPK/DAP: Capacity surged by 50% to 165,000 MTPA and ulphuric Acid-Capacity expanded by 38% to 99,000 MTPA.

These assets are now live and primed to deliver immediate revenue accretion in the coming quarters. Further strengthening our long-term sustainability roadmap, the Company has entered into a long-term Green Ammonia Supply Agreement under the Government of India’s National Green Hydrogen Mission, with contracted volumes of 70,000 MTPA. This initiative enhances supply security while supporting decarbonization and improving long-term cost visibility.

We are strengthening India’s agri-future and building a foundation for enduring value creation. By prioritizing innovation and deepening our strategic partnerships, we have fortified our market position and are primed to deliver sustainable, long-term value for our stakeholders

 

Krishana Phoschem : Standalone Results
Quarter endedYear ended
Particulars202603202503Var.(%)202603202503Var.(%)
Net Sales (including other operating income)755.49472.8859.762,418.001,358.2478.02
OPM (%)11.8411.90-6 bps12.3413.54-121 bps
OP89.4856.2958.96298.34183.9762.17
Other Inc.5.186.39-18.9415.839.9359.42
PBIDT94.6662.6851.02314.17193.9062.03
Interest13.518.1266.3838.7439.45-1.80
PBDT81.1554.5648.74275.43154.4578.33
Depreciation8.687.5814.5134.431.1810.33
PBT72.4746.9854.26241.03123.2795.53
PBT before EO72.4746.9854.26241.03123.2795.53
EO Income00-00-
PBT after EO72.4746.9854.26241.03123.2795.53
Taxation-10.6114.12LP60.8836.7365.75
PAT83.0832.86152.83180.1586.54108.17
P/(L) from discontinued operations net of tax00-00-
Net profit after discontinued operations83.0832.86152.83180.1586.54108.17
EPS (Rs)*13.725.43152.8329.7514.29108.17
* EPS is on current equity of Rs 60.55 crore, Face value of Rs 10, Excluding extraordinary items.
# EPS is not annualised
bps : Basis points
EO : Extraordinary items
Figures in Rs crore
Source: Capitaline Corporate Database
Peer Comparision (Standalone) Q-202603
Sales
(Rs. Crs)
var.(%) OP
(Rs. Crs)
var.(%) Net Profit
(Rs. Crs)
var.(%) Share Price(Rs)
08-Apr-2026
var.(%)
over
One year
TTM EPS TTM PE
Krishana Phoschem Ltd 755.49 59.76 89.48 58.96 83.08 152.83 598.95 154.68 29.75 20.13
Industry 755.49 59.76 89.48 58.96 83.08 152.83 2,849.91 100.09 25.85
Previous News
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 ( Results - Announcements 13-Oct-25   14:44 )
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 ( Corporate News - 08-Apr-26   17:38 )
  Krishana Phoschem to declare Quarterly Result & dividend
 ( Corporate News - 06-Apr-26   11:09 )
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