Madras Fertilizers Q3 FY26: Revenue falls 48%, PAT down 49% YoY

Revenue declinedEmphasis of matterAuditor changed mid-yearResults View source PDF Explain this filing

MADRASFERT · price

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Price reactionminutes from the announcement price · days from the prior close

-2.6%Reaction day

₹73.50

prior close

₹72.60

announcement price

After-mkt

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Nifty Microcap 250market · in no size index; the smallest one is used-0.5%-2.1% vs market

Fertilizers peers, median of 19sector-0.7%-1.9% vs sector

On the reaction day the stock moved 2.1 pts less than Nifty Microcap 250 and 1.9 pts less than its Fertilizers peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

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Sessions after the filingfrom the prior close

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Reaction day

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Next day

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UpDownMarket · Nifty Microcap 250Sector · Fertilizers peers, median of 19Pending

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AI summary

Madras Fertilizers Q3 FY26 revenue fell 48% YoY to Rs 41,869 lakhs due to plant shutdowns. Complex Fertilizer plant was closed the entire quarter due to safety and manpower issues; Ammonia and Urea plants were shut 37 days. Nine-month PAT dropped 49% to Rs 5,953 lakhs. The company defaulted on GOI loan repayments and has requested waiver of interest and penalty. Subsidy recognition remains provisional. Note that Q1 results were reviewed by the previous auditor.

Likely market impact

Sharp revenue fall from plant shutdowns, GOI loan defaults, and mid-year auditor change are negative signals for shareholders.