Full-year revenue growth target of 30-35%
Management confirmed confidence in achieving 30-35% additional revenue over FY26 base driven by new NPK/DAP capacity ramp-up and improved raw material availability from Q2 onwards.
KRISHANA / guidance tracker
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Krishana Phoschem · forward-looking guidance across the available source record.
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Guidance tracker
What management said would happen.
revenue
Rs 500cr+ quarterly revenue achievable
At current capacity of 4.95 lakh MT combined NPK/DAP and 1.2 lakh MT SSP, management expects to exceed Rs 500cr revenue per quarter for remaining three quarters of FY27.
EBITDA margins sustainable at 16%+ level
New NPK grades with higher margins, combined with backward integration into sulfuric and phosphoric acid, provide cost cushion above competitors to sustain elevated margin profile.
Green ammonia supply agreement commencing FY29
10-year, 70,000 MTPA green ammonia off-take agreement with SECA will start in FY29, providing lowest-cost raw material procurement with price collar mechanism against gray ammonia.
Manufacturing EBITDA margin target of 14-15%
Management committed to maintaining 14-15% EBITDA on manufactured products, with potential expansion to 16% at times, by managing input costs and operational efficiencies.
Madhogarh plant commissioning April 2026
Trial production expected by March 2026 with commercial production commencing April 2026, adding 50% NPK fertilizer capacity at Madhogarh.
Q4 revenue to exceed 9-month average of ₹570 crore
Based on trends and seasonality, management indicated Q4 revenue would be higher than the 9-month average of ₹570 crore, supporting full-year growth trajectory.
First-year utilization of new plant at 60%
New ₹1,000 crore revenue potential plant expected to operate at 60% capacity in FY27 due to expected teething issues during ramp-up phase.