Madhya Bharat Agro Products Limited has informed the Exchange about Presentation
MBAPL · price
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Madhya Bharat Agro Products (MBAPL), a phosphatic fertilizer maker, reported record Q3 FY26 results with revenue more than doubling to ₹612.4 crore (up 115.9% YoY), driven by strong volumes and operational efficiency. EBITDA grew 68.4% YoY to ₹66.5 crore, though margins compressed to 10.9% from 13.9% a year ago, while PAT rose 77.7% to ₹31.8 crore and EPS climbed to ₹3.62. For 9M FY26, revenue surged 93.1% to ₹1,472.3 crore, PAT more than doubled to ₹90.4 crore, and EPS nearly doubled to ₹10.32. Operationally, SSP ran at 109% capacity utilization and NPK/DAP at 115%, reflecting peak efficiency. The company also outlined an aggressive capex plan of over ₹1,650 crore to scale total capacity from ~5 lakh MTPA to ~15.6 lakh MTPA by FY28, making it India's 4th largest private phosphatic fertilizer producer, with the Chairman highlighting a 'Next Growth Phase' focused on the new Dhule, Maharashtra plant.
Strong topline growth and near-doubling of profit are positive for shareholders, though margin compression is a watch-point. The aggressive capacity expansion backed by secured debt funding positions MBAPL for significant volume growth over the next 2 years, which could support the stock price if execution stays on track.