Madhya Bharat Agro

Madhya Bharat Agro delivered a strong Q4 FY26 with revenue of ₹394.7 CrCurrent reported value: ₹394.7 Cr. No comparable prior figure is available in the source record. (+33Current reported value: 33. No comparable prior figure is available in the source record.% YoY) and PAT of ₹59.8 CrCurrent reported value: ₹59.8 Cr. No comparable prior figure is available in the source record. (+318% YoY), driven by robust Rabi season demand and operational leverage. Full-year revenue hit a record ₹1,867 CrCurrent reported value: ₹1,867 Cr. No comparable prior figure is available in the source record. (+76% YoY) with EBITDA of ₹227 CrCurrent reported value: ₹227 Cr. No comparable prior figure is available in the source record. (+55% YoY). The company is executing a major capacity expansion at Doulay and Sagar, targeting total fertilizer capacity of 1.56 MMT by FY28Current reported value: 1.56 MMT by FY28. No comparable prior figure is available in the source record., which management expects to drive 200% revenue growth from FY26 baseline. Backward integration into phosphoric and sulfuric acid provides cost advantages. A long-term green ammonia agreement (1.3 lakh MT at ₹53,000/MT) enhances input security. Key risk: input cost volatility from geopolitical disruptions could pressure margins if MRP hikes and subsidy adjustments lag.