The Board of Directors of MFL at their meeting held today has approved the Standalone Audited Financial Statements for the 4th quarter and year ended 31.03.2026.

Madras Fertilizers reported FY2026 revenue of Rs 2,30,035 lakhs, down 9.5% from Rs 2,54,108 lakhs in FY2025, due to lower subsidy recognition. Despite the revenue decline, profit after tax grew 25.1% to Rs 8,042 lakhs (vs Rs 6,425 lakhs), helped by cost controls and higher other income. Operating cash flow dropped sharply to Rs 529 lakhs from Rs 11,404 lakhs, driven mainly by a large increase in trade receivables. The company continues to grapple with negative net worth (Rs 9,197 lakhs) and defaulted loans from the Government of India, with its revival proposal placed on hold under the new PSE policy. The complex fertilizer plant remained shut for the entire quarter due to safety and manpower issues. Auditors issued an unmodified opinion.