Meghmani Organics Ltd
P&L
Quarterly Consolidated
vs Q2 FY26
Meghmani Organics Ltd Reports Q3 FY26 Results: Revenue Down 13%, EBITDA Up 75% YoY
31 Jan 2026 · 31 Jan, 3:52 pm
Summary
Meghmani Organics Ltd, a fully integrated diversified chemical company, announced its financial results for the third quarter ended 31 December 2025 (Q3 FY26). The company reported a 13% YoY decrease in revenue from operations and a 15% YoY decrease in EBITDA. However, EBITDA margin and net profit margin increased compared to the corresponding quarter previous year. The crop protection segment constitutes ~79% of the overall company’s revenue in Q3 FY26, while the pigments segment constitutes ~21%. The company is actively developing new international markets for Meghmani Nano Urea and expanding its product portfolio in the Crop Nutrition segment. In the Titanium Dioxide (TiO2) segment, profitability remained under pressure due to elevated raw material costs and weaker price realisation.
Key Highlights
- 1
Revenue from Operations in Q3 FY26 stood at 484.9 crore, down by 13% YoY
- 2
EBITDA in Q3 FY26 stood at 51.5 crore compared to 60.4 crore in Q3 FY25
- 3
Crop Protection constitutes ~79% of the overall company’s revenue in Q3 FY26
- 4
Revenue and EBITDA for Crop Protection in Q3 FY26 stood at 382.1 crore and 58.3 crore respectively
- 5
Pigments constitutes ~21% of the overall company’s revenue in Q3 FY26
- 6
Revenue and EBITDA for Pigments in Q3 FY26 stood at 102.8 crore and 0.7 crore respectively
- 7
For 9M FY26, revenue from operations stood at 1,635.2 crore, up by 9% YoY
- 8
EBITDA for 9M FY26 grew by 75% YoY to 202.5 crore
Management Comments
Mr. Ankit Patel
Chairman & Managing Director
During the quarter, our export volumes were under pressure due to softer demand amid ongoing uncertainty in US trade policy. As a result of which, capacity utilisation in both the segments were lower which adversely impacted our revenue and profitability of the quarter. In our Crop Nutrition segment, alongside ongoing field trials across seven countries, we are actively developing new international markets for Meghmani Nano Urea. Sample consignments are currently being dispatched for further field evaluation. Parallelly, we are also expanding our product portfolio which will further strengthen our market position. In Titanium Dioxide (TiO2), profitability remained under pressure due to elevated raw material costs and weaker price realisation. Price realisation was further impacted following the withdrawal of antidumping duty (ADD). We anticipate raw material prices to normalise in coming quarters which along with the re-imposition of ADD, should improve the market dynamics going forward.
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