| Revenue growth | Q2 -21.6% YoY; H1 -15.9% YoY |
|---|---|
| Margins | Gross margin 50.5% vs 44.6% YoY; EBITDA margin 14.4% vs 18.2% |
| Demand visibility | Good export order for coming quarter; Indian demand hit by erratic rainfall |
| Management confidence | Cautious; demand uncertainty and geopolitics persist |
Growth
Q2 revenue Rs 231 Cr (-21.6% YoY); H1 Rs 487 Cr (-15.9%). Q2 PAT Rs 18 Cr (-41.7%); H1 PAT Rs 41 Cr (-38.1%).
Outlook
No quantified guidance. Expects good export orders next quarter; two more Hamirpur blocks operational in FY27.
Risks
Erratic rainfall cut herbicide use; softer overseas demand, geopolitics, raw material volatility, higher employee costs.
Last quarter's promises, checked
Partly delivered
- EU TEQ approval for fungicide guided → UK TEQ approval for insecticide (= PARTIAL)
- Hamirpur 1 more block FY27 (+1 under construction) → Q2 says 2 more due FY27, not yet operational (= PARTIAL, pending)
Missed
- FY27 EBITDA guided 15.5%, sustainable at least 15-16% → Q2 14.4% (= MISS)
- FY27 growth guided lower single-digit, Q3/Q4 better → H1 -15.9% YoY (= MISS to date)
- Q1 -9.2% YoY, improvement expected → Q2 -21.6% YoY (= MISS)
Investor Presentation filed with NSE, NSE: IPL. Summary written with AI assistance from the document.
India Pesticides Ltd: key numbers
- Share price
- ₹115.99
- Market cap
- ₹1,336 Cr
- Revenue (annual)
- ₹1,057 Cr
- Net profit (annual)
- ₹119.8 Cr
- P/E (TTM)
- 14.1×Sector 33.9×
- Promoter holding
- 63.65%+0.00% QoQ
- FII holding
- 0.09%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from India Pesticides Ltd
All →India Pesticides Results Update
India Pesticides reported Q2 FY27 revenue down 21.6% to Rs.231 Cr and EBITDA of Rs.33 Cr. The press release also cites UK and Argentina regulatory approvals for export expansion.
India Pesticides Q2 FY27 Results: Net Profit ₹18.4 Cr, Down 41.8% YoY
India Pesticides Ltd reported revenue from operations of ₹228.7 Cr (-21.2% YoY) and net profit of ₹18.4 Cr (-41.8% YoY) for Q2 FY27.
- Key figure
- Net profit ₹18.4 Cr · -41.8% YoY
India Pesticides Board Meeting Date
India Pesticides will hold a board meeting on November 3, 2026, to consider unaudited half-year results. The trading window is closed until 48 hours after.
India Pesticides Other Announcement
India Pesticides Limited filed its quarterly compliance certificate under Regulation 74(5) of SEBI (DP) Regulations, 2018 for the period ended September 30, 2026.
India Pesticides Credit Rating
India Pesticides Limited received a credit rating reaffirmation from CARE Ratings Limited for its existing bank facilities.
India Pesticides Business Update
India Pesticides received regulatory approval for an insecticide in the UK and a herbicide in Argentina, expanding its international market access.