Please find attached transcript of Q4 FY26 Earning Call.
CHAMBLFERT · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Chambal Fertilisers reported a strong Q4 FY26 with standalone revenue of Rs. 2,785 crores (up 14% YoY), EBITDA of Rs. 255 crores (up 56% YoY, margin 9.16%), and PAT of Rs. 145 crores (up 46% YoY). For the full year FY26, revenue grew 25% to Rs. 20,794 crores and PAT grew 18% to Rs. 1,950 crores. The company highlighted a buoyant TAN (technical ammonium nitrate) market where a 240,000 MT plant is entering commissioning phase, targeting 75-80% utilization in year one. Management flagged industry-wide margin pressure from elevated gas prices (~$18-20/MMBtu) and raw material cost increases, though urea remains a cost-plus business. For Kharif 2026, fertilizer inventory at ~200 lakh MT (51% of seasonal requirement) is above normal. The crop protection, chemicals and specialty nutrients segment delivered 30% revenue growth to Rs. 1,203 crore with 23.5% EBIT margins. A new urea plant (brownfield, ~Rs. 9,500-10,000 crore for 1.3 MT capacity) is in advanced stages with land, environmental clearance and water secured. The board recommended a final dividend of Rs. 6 per share.
Strong bottom-line growth in Q4 driven by higher Urea volumes and improved product mix, though rising gas and raw material costs are a headwind for the industry. The TAN plant commissioning opens a new growth vertical in industrial chemicals with favorable demand and pricing. Working capital has spiked due to subsidy timing mismatches, but management expects receivables to normalize as subsidies are released.