Presentation for the Quarter and Financial Year Ended March 31, 2026
RAMAPHO · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Rama Phosphates reported its highest-ever revenue of ₹89,304 Lacs in FY26, up 20% YoY. Profitability surged dramatically with EBITDA up 89%, PBT up 175%, and PAT up 285%. The Fertilizer division grew 15% to ₹64,203 Lacs while the Chemical division doubled revenue to ₹20,300 Lacs. The Dhule project has been delayed due to redesigning, additional plant inclusions, weather issues, and procurement problems; trial production is now expected to commence by Q2 FY27. The company has secured a supply tie-up with HURL for 1 lakh MT and is expanding SSP capacity at Udaipur by 50,000 MTPA. ICRA rating was upgraded to A-/Stable.
Strong operational performance with significant margin expansion signals healthy execution. The Dhule project delay is a near-term headwind but the ambitious ₹2,000+ Cr revenue target and expansion plans indicate bullish long-term outlook for shareholders.