India Pesticides Limited (IPL) announced its unaudited financial results for the first quarter ended June 30, 2026, reporting revenue from operations of ₹256 crore as the company navigated a challenging domestic agrochemical market. While softer demand for its key herbicide Pretilachlor impacted domestic sales, exports remained resilient, supported by stable international demand.
Q1 FY27 Financial Highlights
For the quarter ended June 30, 2026, India Pesticides reported:
- Revenue from operations: ₹256 crore, down 9.2% from ₹282 crore in Q1 FY26.
- Export sales: ₹89 crore, compared with ₹87 crore in the corresponding quarter last year.
- EBITDA: ₹39 crore, with an EBITDA margin of 15.4%.
- Profit Before Tax (PBT): ₹31 crore, representing a 12.2% margin.
- Profit After Tax (PAT): ₹23 crore, with a PAT margin of 8.9%, compared with ₹35 crore and 12.3% in Q1 FY26.
The company also noted that job-work processing expenses increased to ₹14 crore from ₹8 crore a year ago due to higher processing volumes and increased conversion rates.
Domestic Weakness Offset by Stable Export Demand
India Pesticides said domestic revenues were affected by weaker demand for Pretilachlor, one of its major herbicide products. Elevated channel inventory, along with higher employee and fuel costs, also weighed on profitability during the quarter.
However, export business remained stable, reflecting sustained international demand for the company’s agrochemical products.
EU Approval Strengthens Global Expansion
A key milestone during the quarter was the receipt of Technical Equivalence (TEQ) approval from the European Union for one of the company’s fungicide products.
According to the company, the approval enhances its ability to serve European customers, strengthens its international presence, and creates new opportunities for export growth.
CEO Highlights Long-Term Growth Strategy
Commenting on the results, Dheeraj Kumar Jain, Chief Executive Officer, said the company continued to focus on operational efficiency, disciplined execution, and cost management despite a difficult domestic operating environment.
He added that the European Union approval reinforces the company’s commitment to innovation and product development while strengthening its position in global agrochemical markets.
The company also reiterated its focus on sustainability through CSR initiatives such as “Samagra Sudhar” and “Chuppi Tod; Halla Bol,” aimed at rural development, farmer support, education, and child welfare.
Outlook
India Pesticides remains optimistic about its medium-term growth prospects, citing:
- Improving demand in domestic and export markets.
- Favourable agricultural conditions.
- Continued operational efficiency initiatives.
- Expansion of its product portfolio.
- Strengthening manufacturing capabilities.
- Growth in international business following regulatory approvals.
The company believes its integrated manufacturing model, research-driven product development, and strong customer relationships position it well to deliver sustainable long-term growth.
About India Pesticides Limited
Founded in 1984, India Pesticides Limited is an R&D-driven agrochemical manufacturer engaged in the production of technical-grade agrochemicals, active pharmaceutical ingredients (APIs), and branded formulations. The company exports to more than 25 countries and operates manufacturing facilities in Lucknow and Hardoi, Uttar Pradesh, supported by in-house R&D centres registered with the Department of Scientific and Industrial Research (DSIR).
Source: BSE Filing
