Q3 FY26: PAT drops 96% YoY, GOI loan default flagged

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

timing

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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10m

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15m

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30m

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Sessions after the filingfrom the prior close

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Reaction day

-2.6-0.5-2.1-0.7-1.9

Next day

-3.3-2.0-1.3-2.0-1.3

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15d

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

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Madras Fertilizers Q3 FY26 standalone results: revenue fell to 41,869 lakhs versus 51,037 YoY, PAT plunged to 252 lakhs versus 7,463. 9M revenue 1,60,114 versus 1,98,659; PAT 5,953 versus 11,669. Complex Fertilizer plants were shut the entire quarter due to safety issues and staff shortage. Auditor flagged GOI loan default with pending interest waiver request, provisional subsidy recognition of 1,29,601 lakhs for Neem coated urea, and energy norm penalty of 15,277 lakhs. Statutory auditor changed mid-year.

Likely market impact

Sharp profit fall, full-quarter plant shutdowns, GOI loan default and pending subsidy revisions point to significant operational stress for shareholders.