Punjab Chemicals and earnings calls.

Punjab Chemicals delivered a resilient FY26 with record revenue of ₹1,029.8 CrCurrent reported value: record revenue of ₹1,029.8 Cr. No comparable prior figure is available in the source record. (+14.4Current 14.4 crore vs previous available quarter 15.3 crore.% YoY) and PAT of ₹64 CrCurrent reported value: PAT of ₹64 Cr. No comparable prior figure is available in the source record. (+64.3Current reported value: 64.3. No comparable prior figure is available in the source record.% YoY), driven by stable volumes, new product contributions (14%Current 14%. Reported change: +2pp YoY. of sales, growing 16% YoY), and improved capacity utilization (agrochemicals at 81%Current 81%. Reported change: +5pp YoY., industrial chemicals at 90%Current 90%. Reported change: flat YoY.). Q4 saw gross margins expand 580bps YoY to 49.4% due to inventory build for the upcoming season, though EBITDA margin improved only modestly to 13.2% (+60bps). Management reiterated 15-20% revenue growth guidanceCurrent reported value: 15-20% revenue growth guidance. No comparable prior figure is available in the source record. for FY27, underpinned by new product ramp-up and three MoUs slated for commercialization. EBITDA margin target of 15% in 2-3 years remains intact. Key risk: further escalation in raw material costs from geopolitical tensions could pressure margins if price pass-through becomes difficult.