Meghmani Organics Limited has informed the Exchange about Transcript
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Meghmani Organics reported a strong Q1 FY26 with standalone revenue up 44% YoY at INR593 crore and EBITDA nearly six-fold higher at INR81 crore versus INR14 crore last year. The company swung to a profit of INR40 crore compared to a loss of INR6.3 crore in the same quarter last year. Crop protection (77% of revenue) drove growth with revenue up 68% YoY at INR458 crore and segment EBITDA margin of 17.3%. Pigments contributed INR135 crore at a thin 5.3% margin. The company repaid INR38 crore of debt in the quarter, has no major capex planned, and aims to keep reducing debt. Management expects double-digit CAGR growth in crop protection over the next three years, supported by new products, Brazil registrations (6 active, 30-35 in pipeline), and a planned 100% Brazilian subsidiary. Anti-dumping duty on Chinese titanium dioxide is expected to show real impact from Q3 FY26.
Positive quarter with significant YoY profit recovery driven by improved product mix, stabilizing raw material prices, and better demand. The debt reduction path and strong crop protection growth outlook are supportive, though management was cautious about sustaining the 17% margin and pushed back specific guidance on TiO2 and new product contributions to later quarters.