Madras Fertilizers Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2025.
MADRASFERT · price
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Madras Fertilizers reported its Q1 FY26 (quarter ended June 30, 2025) unaudited results with revenue from operations of Rs. 672.37 crore, up modestly from Rs. 655.15 crore in Q1 FY25 (~2.6% growth). Total income rose to Rs. 685.04 crore and profit after tax improved to Rs. 44.06 crore from Rs. 40.48 crore, with EPS at Rs. 2.74 vs Rs. 2.51 last year. Revenue includes Rs. 565.32 crore of government subsidy (Neem-coated urea and freight), with the subsidy rate still subject to final approval from the Government of India. The company also booked a Rs. 50 crore reduction in subsidy as a prudent estimate for a potential 10% energy norm penalty. The statutory auditor issued an unqualified limited review report with an Emphasis of Matter paragraph on the subsidy rate uncertainty and energy norm penalty.
A stable quarter with marginal revenue growth, improved profitability, and no plant shutdowns is mildly positive for shareholders. However, the auditor's emphasis on pending government decisions on subsidy rates and the energy norm penalty means reported earnings carry some uncertainty and could be revised once GoI finalises the new pricing scheme.