Madras Fertilizers Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
MADRASFERT · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 7.1 pts more than Nifty Microcap 250 and 6.2 pts more than its Fertilizers peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Madras Fertilizers Limited reported revenue from operations of Rs 2,30,035 lakhs for FY2026, down from Rs 2,54,108 lakhs in the prior year — a ~9.5% decline. However, profit after tax grew 25% to Rs 8,042 lakhs (vs Rs 6,425 lakhs), aided by lower material costs and operating expenses. The company has defaulted on repayment of principal and interest on loans from the Government of India (GoI), and its proposed financial revival package (seeking waiver of accrued/penal interest and conversion of principal to zero-interest borrowings) has been temporarily placed on hold under the new PSE policy of Atmanirbhar Bharat. The board lacks the required number of independent directors after two directors' terms expired on 16 April 2026. Exceptional items of Rs 838 lakhs were recognised, primarily for enhanced gratuity costs from a Madras High Court order and a change in the gratuity plan limit.
The company remains financially stressed — it has defaulted on GoI loans and the revival package is stalled, raising going-concern risk. Revenue decline is a concern, though PAT growth driven by cost controls is a positive. Shareholders should monitor the revival proposal outcome and the pending finalisation of urea subsidy rates by the government.