Krishana Phoschem earnings calls.

Krishana Phoschem delivered record-breaking Q3 FY26 with ₹659 croreCurrent reported value: ₹659 crore. No comparable prior figure is available in the source record. revenue (up 117Current 117 crore vs previous available quarter 35 crore.% YoY) driven by exceptional fertilizer volume growth and expanded distribution reach. PAT of ₹33 croreCurrent reported value: PAT of ₹33 crore. No comparable prior figure is available in the source record. (up 62Current reported value: 62. No comparable prior figure is available in the source record.% YoY) and EPS of ₹5.39Current reported value: EPS of ₹5.39. No comparable prior figure is available in the source record. marked all-time highs. However, EBITDA margin compressed 392bpsCurrent reported value: 392bps. No comparable prior figure is available in the source record. to 10.64Current 10.6 crore vs previous available quarter 16.7 crore.% due to lower-margin import trading (₹345 croreCurrent ₹345 crore. Reported change: 52% of Total Revenue. of revenue) and surging raw material costs—sulfur prices jumped 61% from April to December 2025 (₹28,000 to ₹45,000/tonCurrent ₹45,000/ton. Reported change: +61% YoY (Apr-Dec).). Manufacturing segment maintained 14-15% EBITDA margins despite input cost pressures. Capacity utilization exceeded 100% for SSP (107%) and DAP/NPK (98%), underscoring tight supply conditions. The 50% NPK capacity expansion at MadhogarhCurrent reported value: 50% NPK capacity expansion at Madhogarh. No comparable prior figure is available in the source record., targeting commissioning in April 2026 with ₹1,000 croreCurrent ₹1,000 crore. Reported change: +50% Capacity. revenue potential at full utilization, remains on track. Government support through nutrient-based subsidies (₹37,952 crore for Rabi 2025-26) and the Mission for Pulses (₹11,440 crore budget) provides operating visibility. Risk includes margin vulnerability to raw material cost inflation and execution risk on new plant ramp-up.