{"id":173530,"date":"2026-01-22T10:08:00","date_gmt":"2026-01-22T15:08:00","guid":{"rendered":"https:\/\/alphastreet.com\/india\/shree-pushkar-chemicals-fertilisers-limited-shreepushk-q2-2025-earnings-call-transcript\/"},"modified":"2026-01-22T10:08:00","modified_gmt":"2026-01-22T15:08:00","slug":"shree-pushkar-chemicals-fertilisers-limited-shreepushk-q2-2025-earnings-call-transcript","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/shree-pushkar-chemicals-fertilisers-limited-shreepushk-q2-2025-earnings-call-transcript\/","title":{"rendered":"Shree Pushkar Chemicals &#038; Fertilisers Limited (SHREEPUSHK) Q2 2025 Earnings Call Transcript"},"content":{"rendered":"<p><strong>Shree Pushkar Chemicals &#038; Fertilisers Limited (NSE: SHREEPUSHK) Q2 2025 Earnings Call dated <span id=\"date\">Nov. 13, 2024<\/span><\/strong><\/p>\n<h2>Corporate Participants:<\/h2>\n<p><strong>Pankaj Manjani<\/strong> \u2014 <em>Company Secretary &amp; Compliance Officer<\/em><\/p>\n<p><strong>Punit Makharia<\/strong> \u2014 <em>Founder, Chairman and Managing Director<\/em><\/p>\n<p><strong>Deepak Beriwala<\/strong> \u2014 <em>Chief Financial Officer<\/em><\/p>\n<h2>Analysts:<\/h2>\n<p><strong>Prit Nagersheth<\/strong> \u2014 <em>Analyst<\/em><\/p>\n<p><strong>Harshil Solanki<\/strong> \u2014 <em>Analyst<\/em><\/p>\n<p><strong>Saumil Shah<\/strong> \u2014 <em>Analyst<\/em><\/p>\n<h2>Presentation:<\/h2>\n<p><strong>Operator<\/strong><\/p>\n<p>Ladies and gentlemen, good day, and welcome to Shree Pushkar Chemicals &#038; Fertilisers Q2 and H1 FY &#8217;25 Earnings Conference Call. [Operator Instructions]<\/p>\n<p>I now hand the conference over to the Company Secretary, Mr. Pankaj Manjani. Thank you, and over to you, sir.<\/p>\n<p><strong>Pankaj Manjani<\/strong> \u2014 <em>Company Secretary &amp; Compliance Officer<\/em><\/p>\n<p>Good evening, everyone, and we welcome all the participants to Shree Pushkar Chemicals &#038; Fertilisers Limited Q2 FY 2025 earnings call.<\/p>\n<p>Joining us today from the management side, we have Mr. Punit Makharia, Chairman and Managing Director; Mr. Deepak Beriwala, Chief Financial Officer. Now, I will hand over the call to Mr. Punit Makharia for his opening remarks. Over to you, sir.<\/p>\n<p><strong>Punit Makharia<\/strong> \u2014 <em>Founder, Chairman and Managing Director<\/em><\/p>\n<p>Thank you, Pankaj. A very good evening to everyone, and welcome to Q2 and H1 FY &#8217;25 earning call for Shree Pushkar Chemicals &#038; Fertilisers Limited. I hope you had a great opportunity to review our financial results and investor presentation, which are available on both the stock exchanges and our Company website.<\/p>\n<p>As we close the second quarter of FY &#8217;25, the quarter results has showcased our steady execution and focus on operational efficiencies, positioning us well to navigate both opportunities and challenges in the industry. Friends, starting with our Chemical division, our volume reached at 15,510 metric ton in Q2 FY &#8217;25 compared to 16,475 metric ton in Q2 FY &#8217;24. This represents a 5.9% decrease from the same quarter last year. Our Fertilizer division has shown a constant demand, with sales volume increasing to 60,896 metric ton in Q2 FY &#8217;25, a 23.6% growth year-on-year. Combined, these performance have driven our total sales amount to 76,406 metric ton, making us a rise of 16.2% rise on year-on-year basis.<\/p>\n<p>Our focus on sustainable growth is demonstrated by strategic investments made in this quarter, including a capex of INR11 crores, that brings our total capex as on 30th of September 2024 to INR68.48 crores, which has been funded totally through internal accruals, supporting our aim to expand opportunities, diversify our product offerings and enhance both forward and backward integration. This investment aligns with our vision for a more sustainable energy mix for our operations.<\/p>\n<p>Friends, our ongoing capital expenditure projects are designated to support our growth path by expanding our production capacity in both the Chemicals and Fertilizers divisions. These upgrades will allow us to meet increasing market demands more efficiently once fully operational. These investments are expected not to increase our output, but also enhance profitability through improved cost efficiencies and economics of sale &#8212; of scales.<\/p>\n<p>Government measures aiming at strengthening industrial production, advanced infrastructure and promoting manufacturing are creating a positive business climate, which reinforce our confidence in our strategic direction. A key highlight to our financial strategy remains on non-lien deposits facility, which now stands at INR141.10 crores. This facility provides us the additional liquidity and flexibility as we are continuing to invest in both current and future projections.<\/p>\n<p>Looking forward, our focus remains on enhancing operational efficiencies, expanding our capacities and exploring new growth avenues within both Chemical and Fertilizer sector. We are optimistic about the future, which we expect will drive our sustained demand for our products in coming months.<\/p>\n<p>With this, now, I would like to hand over the call to Mr. Deepak, our CFO, who will delve deeper into the operational and financial specifics of Q2 and H1 FY &#8217;25. Thank you. Deepak?<\/p>\n<p><strong>Deepak Beriwala<\/strong> \u2014 <em>Chief Financial Officer<\/em><\/p>\n<p>Thank you, sir. Good evening, everyone, and thank you for joining us today. I will take you through our operational and financial performance for the second quarter and first half of FY 2025.<\/p>\n<p>In Q2 FY &#8217;25, our Chemical division achieved a sales volume of 15,510 metric tons, marking a 2.7% decrease from the previous quarter and 5.9% decline compared to Q2 FY &#8217;24. In the Fertilizer division, volume raised to 60,896 metric tons in Q2 FY &#8217;25, down 12.7% quarter-on-quarter, but reflecting a 23.6% increase year-on-year basis. Together, these results brought our total Q2 sales volume to 76,406 metric tons, representing a 10.8% sequential decline, but a 16.2% increase over Q2 of the previous year.<\/p>\n<p>For the first half of FY 2025, our consolidated volume in Chemical did generate 31,453 metric tons, representing a year-on-year growth of 4.8%. The Fertilizer division recorded 130,618 metric tons in H1 FY &#8217;25, a 23.6% increase compared to the first half of the previous financial year. This overall growth led to the total volume of 162,071 metric tons for H1 FY &#8217;25, marking a 19.4% increase over H1 FY &#8217;24.<\/p>\n<p>Turning to our financials. We reported a consolidated earning of INR175.6 crore in Q2 FY &#8217;25, reflecting a 9.6% decrease from the previous quarter and 5.2% reduction from Q2 FY &#8217;24. EBITDA for Q2 FY &#8217;25 was INR19.10 crores, a year on improvement of 36.7%, giving an EBITDA margin of 10.9%. Net profit for the Q2 FY reached INR13.3 crore, [Technical Issues] 57.5% increase year-on-year, resulting in net profit margin of 7.6%.<\/p>\n<p>For the first half of FY 2025, our revenue amounted to INR369.8 crores, a 2.5% increase year-on-year. EBITDA for H1 FY &#8217;25 was INR36.7 crores, delivering the EBITDA margin of 9.9%, a 31.3% year-on-year increment. Net profit for H1 FY was INR26.2 crores, a 60% increase on year on basis, with a net profit margin of 7.1%.<\/p>\n<p>With that, I open the floor for questions. Thank you so much.<\/p>\n<h2>Questions and Answers:<\/h2>\n<p><strong>Operator<\/strong><\/p>\n<p>Thank you very much. We will now begin the question-and-answer session. [Operator Instructions]<\/p>\n<p>The first question is from the line of Prit from Wealth Finvisor [Phonetic]. Please go ahead.<\/p>\n<p><strong>Prit Nagersheth<\/strong><\/p>\n<p>Yes, hi. Good numbers, Shree Pushkar and team. Punit ji, [Foreign Speech]. Sir, we were looking at an overall guidance of 15% for the full financial year, which would have taken, say, our turnover to somewhere between INR825 crores to INR840 crores. Now given the run rate that we have achieved, that looks very difficult. So, can you share what your revised numbers could look like for the full year?<\/p>\n<p><strong>Punit Makharia<\/strong><\/p>\n<p>Prit ji, honestly speaking, I don&#8217;t see it more difficult. And as you see that we have already done close to INR370 crores revenue on a total consolidated basis and around, I think, profit margin of INR26 crores on consol basis on H1.<\/p>\n<p>If I &#8212; and if you see our earlier past performance, generally, it has been seen that the Q4 is always better than the previous three quarters. So, [Foreign Speech] I have always said my idea and my projection is that [Foreign Speech].<\/p>\n<p><strong>Prit Nagersheth<\/strong><\/p>\n<p>Right, sir. Rabi crop [Foreign Speech].<\/p>\n<p><strong>Punit Makharia<\/strong><\/p>\n<p>[Foreign Speech] I returned on 9th of this month only. [Foreign Speech] In spite of their political instability also, [Foreign Speech]. For example, [Foreign Speech], vinyl sulfone [Foreign Speech], we were selling till the second quarter. [Foreign Speech] Till January, almost, we are packed up.<\/p>\n<p><strong>Prit Nagersheth<\/strong><\/p>\n<p>So, sir, [Foreign Speech] chemicals or fertilizers?<\/p>\n<p><strong>Punit Makharia<\/strong><\/p>\n<p>[Foreign Speech]<\/p>\n<p><strong>Prit Nagersheth<\/strong><\/p>\n<p>Chemicals?<\/p>\n<p><strong>Punit Makharia<\/strong><\/p>\n<p>Overall. [Foreign Speech]<\/p>\n<p><strong>Prit Nagersheth<\/strong><\/p>\n<p>[Foreign Speech]<\/p>\n<p><strong>Punit Makharia<\/strong><\/p>\n<p>[Foreign Speech]<\/p>\n<p><strong>Prit Nagersheth<\/strong><\/p>\n<p>[Foreign Speech]<\/p>\n<p><strong>Punit Makharia<\/strong><\/p>\n<p>[Foreign Speech]<\/p>\n<p><strong>Prit Nagersheth<\/strong><\/p>\n<p>Capacity utilization [Foreign Speech] sir.<\/p>\n<p><strong>Punit Makharia<\/strong><\/p>\n<p>Capacity utilization, sir, [Foreign Speech]<\/p>\n<p><strong>Prit Nagersheth<\/strong><\/p>\n<p>[Foreign Speech]<\/p>\n<p><strong>Punit Makharia<\/strong><\/p>\n<p>[Foreign Speech]<\/p>\n<p><strong>Prit Nagersheth<\/strong><\/p>\n<p>[Foreign Speech]<\/p>\n<p><strong>Punit Makharia<\/strong><\/p>\n<p>Sir, everything is done, complete.<\/p>\n<p><strong>Prit Nagersheth<\/strong><\/p>\n<p>Very good, sir. [Foreign Speech]<\/p>\n<p><strong>Punit Makharia<\/strong><\/p>\n<p>Definitely, sir. [Foreign Speech]<\/p>\n<p><strong>Prit Nagersheth<\/strong><\/p>\n<p>Right, sir.<\/p>\n<p><strong>Punit Makharia<\/strong><\/p>\n<p>[Foreign Speech]<\/p>\n<p><strong>Prit Nagersheth<\/strong><\/p>\n<p>So, overall, margin [Foreign Speech], this will add, what, 1%-odd more to the EBITDA. [Foreign Speech]<\/p>\n<p><strong>Punit Makharia<\/strong><\/p>\n<p>No. [Foreign Speech]<\/p>\n<p><strong>Prit Nagersheth<\/strong><\/p>\n<p>[Foreign Speech], supposed to completed by, say, or Q2 of FY &#8217;26. So, [Foreign Speech]<\/p>\n<p><strong>Punit Makharia<\/strong><\/p>\n<p>[Foreign Speech]<\/p>\n<p><strong>Prit Nagersheth<\/strong><\/p>\n<p>[Foreign Speech]<\/p>\n<p><strong>Punit Makharia<\/strong><\/p>\n<p>[Foreign Speech]<\/p>\n<p><strong>Prit Nagersheth<\/strong><\/p>\n<p>[Foreign Speech] Absolutely, sir. [Foreign Speech]<\/p>\n<p><strong>Punit Makharia<\/strong><\/p>\n<p>[Foreign Speech]<\/p>\n<p><strong>Prit Nagersheth<\/strong><\/p>\n<p>[Foreign Speech]<\/p>\n<p><strong>Punit Makharia<\/strong><\/p>\n<p>[Foreign Speech]<\/p>\n<p><strong>Prit Nagersheth<\/strong><\/p>\n<p>[Foreign Speech], can we target INR1,000 crore turnover for &#8217;26 based on how you see the environment and capacity [Foreign Speech]?<\/p>\n<p><strong>Punit Makharia<\/strong><\/p>\n<p>[Foreign Speech]<\/p>\n<p><strong>Prit Nagersheth<\/strong><\/p>\n<p>[Foreign Speech]<\/p>\n<p><strong>Punit Makharia<\/strong><\/p>\n<p>[Foreign Speech]<\/p>\n<p><strong>Prit Nagersheth<\/strong><\/p>\n<p>[Foreign Speech]<\/p>\n<p><strong>Punit Makharia<\/strong><\/p>\n<p>[Foreign Speech]<\/p>\n<p><strong>Prit Nagersheth<\/strong><\/p>\n<p>[Foreign Speech] Sorry, 8% of?<\/p>\n<p><strong>Punit Makharia<\/strong><\/p>\n<p>PAT [Phonetic].<\/p>\n<p><strong>Prit Nagersheth<\/strong><\/p>\n<p>[Foreign Speech]<\/p>\n<p><strong>Punit Makharia<\/strong><\/p>\n<p>[Foreign Speech]<\/p>\n<p><strong>Prit Nagersheth<\/strong><\/p>\n<p>[Foreign Speech]<\/p>\n<p><strong>Punit Makharia<\/strong><\/p>\n<p>[Foreign Speech]<\/p>\n<p><strong>Prit Nagersheth<\/strong><\/p>\n<p>Right, sir.<\/p>\n<p><strong>Punit Makharia<\/strong><\/p>\n<p>I would like to compromise on my revenue. [Foreign Speech]<\/p>\n<p><strong>Prit Nagersheth<\/strong><\/p>\n<p>Right, sir.<\/p>\n<p><strong>Punit Makharia<\/strong><\/p>\n<p>Let us maintain the cash flows. [Foreign Speech] So, we behaved conservatively. [Foreign Speech]<\/p>\n<p><strong>Prit Nagersheth<\/strong><\/p>\n<p>Right, sir. [Foreign Speech]<\/p>\n<p><strong>Punit Makharia<\/strong><\/p>\n<p>[Foreign Speech]<\/p>\n<p><strong>Prit Nagersheth<\/strong><\/p>\n<p>[Foreign Speech]<\/p>\n<p><strong>Punit Makharia<\/strong><\/p>\n<p>[Foreign Speech]<\/p>\n<p><strong>Prit Nagersheth<\/strong><\/p>\n<p>Absolutely, sir. We are very happy with your management also. And we wish the entire team the very best. [Foreign Speech] Thank you, sir.<\/p>\n<p><strong>Operator<\/strong><\/p>\n<p>Thank you. [Operator Instructions]<\/p>\n<p>The next question is from the line of Harshil Solanki from Equitree Capital. Please go ahead.<\/p>\n<p><strong>Harshil Solanki<\/strong><\/p>\n<p>Hi, team, good afternoon. [Foreign Speech]<\/p>\n<p><strong>Punit Makharia<\/strong><\/p>\n<p>[Foreign Speech]<\/p>\n<p><strong>Harshil Solanki<\/strong><\/p>\n<p>[Foreign Speech]<\/p>\n<p><strong>Punit Makharia<\/strong><\/p>\n<p>[Foreign Speech] So &#8212; hello? Solanki ji, am I audible?<\/p>\n<p><strong>Harshil Solanki<\/strong><\/p>\n<p>Yes, sir. Please go ahead.<\/p>\n<p><strong>Punit Makharia<\/strong><\/p>\n<p>[Foreign Speech] So, I maintain my same submission in reply. [Foreign Speech] So, same answer, I would like to submit here also in a copy-paste manner. [Foreign Speech]<\/p>\n<p><strong>Harshil Solanki<\/strong><\/p>\n<p>[Foreign Speech] No issues with that.<\/p>\n<p><strong>Punit Makharia<\/strong><\/p>\n<p>[Foreign Speech] When you can manage the inventory, when you can handle your cash flows, when you know that the pricings are improving in future market, why to sell today&#8217;s inventory? When there is no pressure of the cash, when there is no pressure of the bank, still Company remains to be debt-free, rather the Company has increased its total investment values to INR141 crores, then the Company is not having any kind of a pressure, then why not to hold the inventory if we see a future outlook of the inventories to be at a better pricing level?<\/p>\n<p><strong>Harshil Solanki<\/strong><\/p>\n<p>[Foreign Speech]<\/p>\n<p><strong>Punit Makharia<\/strong><\/p>\n<p>[Foreign Speech] I will look for the right time and right opportunity to hit the market.<\/p>\n<p><strong>Harshil Solanki<\/strong><\/p>\n<p>[Foreign Speech] Right, sir. Got your point. [Foreign Speech]<\/p>\n<p><strong>Deepak Beriwala<\/strong><\/p>\n<p>[Foreign Speech]<\/p>\n<p><strong>Punit Makharia<\/strong><\/p>\n<p>Yeah, please go ahead, sir. Mr. Deepak is here.<\/p>\n<p><strong>Harshil Solanki<\/strong><\/p>\n<p>[Foreign Speech]<\/p>\n<p><strong>Deepak Beriwala<\/strong><\/p>\n<p>[Foreign Speech]<\/p>\n<p><strong>Harshil Solanki<\/strong><\/p>\n<p>[Foreign Speech]<\/p>\n<p><strong>Deepak Beriwala<\/strong><\/p>\n<p>[Foreign Speech]<\/p>\n<p><strong>Harshil Solanki<\/strong><\/p>\n<p>Hello?<\/p>\n<p><strong>Punit Makharia<\/strong><\/p>\n<p>Solanki ji, [Foreign Speech]<\/p>\n<p><strong>Harshil Solanki<\/strong><\/p>\n<p>H1.<\/p>\n<p><strong>Punit Makharia<\/strong><\/p>\n<p>Half year.<\/p>\n<p><strong>Harshil Solanki<\/strong><\/p>\n<p>Yes. Sir, 2 divided by 92.<\/p>\n<p><strong>Punit Makharia<\/strong><\/p>\n<p>2 divided by?<\/p>\n<p><strong>Harshil Solanki<\/strong><\/p>\n<p>92.<\/p>\n<p><strong>Punit Makharia<\/strong><\/p>\n<p>[Foreign Speech]<\/p>\n<p><strong>Deepak Beriwala<\/strong><\/p>\n<p>[Foreign Speech]<\/p>\n<p><strong>Harshil Solanki<\/strong><\/p>\n<p>Interest income.<\/p>\n<p><strong>Deepak Beriwala<\/strong><\/p>\n<p>Interest income?<\/p>\n<p><strong>Harshil Solanki<\/strong><\/p>\n<p>Yes.<\/p>\n<p><strong>Deepak Beriwala<\/strong><\/p>\n<p>Consol basis, no?<\/p>\n<p><strong>Harshil Solanki<\/strong><\/p>\n<p>Yes. INR2.11 crores to be precise.<\/p>\n<p><strong>Deepak Beriwala<\/strong><\/p>\n<p>INR2.11 crores, interest income.<\/p>\n<p><strong>Harshil Solanki<\/strong><\/p>\n<p>Yes.<\/p>\n<p><strong>Deepak Beriwala<\/strong><\/p>\n<p>[Foreign Speech]<\/p>\n<p><strong>Punit Makharia<\/strong><\/p>\n<p>[Foreign Speech]<\/p>\n<p><strong>Deepak Beriwala<\/strong><\/p>\n<p>[Foreign Speech]<\/p>\n<p><strong>Harshil Solanki<\/strong><\/p>\n<p>[Foreign Speech]<\/p>\n<p><strong>Punit Makharia<\/strong><\/p>\n<p>[Foreign Speech] Have you understood the question now?<\/p>\n<p><strong>Deepak Beriwala<\/strong><\/p>\n<p>[Foreign Speech]<\/p>\n<p><strong>Punit Makharia<\/strong><\/p>\n<p>You want to dig out the proper things?<\/p>\n<p><strong>Deepak Beriwala<\/strong><\/p>\n<p>[Foreign Speech]<\/p>\n<p><strong>Punit Makharia<\/strong><\/p>\n<p>Solanki ji, Deepak will dig out the exact situation and then come back to you through our IR.<\/p>\n<p><strong>Harshil Solanki<\/strong><\/p>\n<p>Sure, sir. [Foreign Speech]<\/p>\n<p><strong>Punit Makharia<\/strong><\/p>\n<p>[Foreign Speech] I hope you have our office number. You can dial the office number and ask for Mr. Deepak. She will connect you.<\/p>\n<p><strong>Harshil Solanki<\/strong><\/p>\n<p>Okay. [Foreign Speech] All the best. Thank you.<\/p>\n<p><strong>Operator<\/strong><\/p>\n<p>Thank you. [Operator Instructions]<\/p>\n<p>The next question is from the line of Saumil Shah from Paras Investments [Phonetic]. Please go ahead.<\/p>\n<p><strong>Saumil Shah<\/strong><\/p>\n<p>Hi, sir. I have a couple of questions. Sir, this year, we are guiding for INR800 crores to INR825 crores of revenue and INR60 crores of PAT. So, next year, as you said, around INR1,000 crores plus\/minus 5%, and what can we expect in terms of PAT, profit after tax?<\/p>\n<p><strong>Punit Makharia<\/strong><\/p>\n<p>[Foreign Speech], to be on a conservative side. This year, I am projecting that we should be close to 8% or so. [Foreign Speech], that time is going to tell. In my opinion, as I said in the last con-call that we are end of a dark tunnel and we see a bright time ahead. I still maintain the same statement as of now also. [Foreign Speech] But in my opinion, it will be better than the &#8212; this year. But I still have a very great confidence that earlier [Foreign Speech], we will come back on our earlier position. That&#8217;s not a great thing.<\/p>\n<p><strong>Saumil Shah<\/strong><\/p>\n<p>Okay. Maybe in one or two years, we can reach there?<\/p>\n<p><strong>Punit Makharia<\/strong><\/p>\n<p>[Foreign Speech]<\/p>\n<p><strong>Saumil Shah<\/strong><\/p>\n<p>Okay. [Foreign Speech]<\/p>\n<p><strong>Punit Makharia<\/strong><\/p>\n<p>Asset on?<\/p>\n<p><strong>Saumil Shah<\/strong><\/p>\n<p>[Foreign Speech] We are doing INR230 crore capex, if I&#8217;m not wrong?<\/p>\n<p><strong>Punit Makharia<\/strong><\/p>\n<p>[Foreign Speech]<\/p>\n<p><strong>Saumil Shah<\/strong><\/p>\n<p>[Foreign Speech]<\/p>\n<p><strong>Punit Makharia<\/strong><\/p>\n<p>[Foreign Speech] Generally, based upon my earlier experience I have seen [Foreign Speech]<\/p>\n<p><strong>Saumil Shah<\/strong><\/p>\n<p>[Foreign Speech] If anything else, I&#8217;ll come back in the queue. Thank you, and all the best.<\/p>\n<p><strong>Operator<\/strong><\/p>\n<p>Thank you. [Operator Instructions]<\/p>\n<p>As there are no further questions from the participants, I would now like to hand the conference over to Mr. Punit Makharia for closing comments.<\/p>\n<p><strong>Punit Makharia<\/strong><\/p>\n<p>Thank you very much. Thank you, everyone, for joining our Q2 and H1 FY &#8217;25 earnings call. If you have any further questions, please feel free to contact with our Investor Relations adviser, Churchgate Partners, and we&#8217;ll be happy to address your queries. Thank you very much, and have a good day.<\/p>\n<p><strong>Operator<\/strong><\/p>\n<p>[Operator Closing Remarks]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shree Pushkar Chemicals &#038; Fertilisers Limited (NSE: SHREEPUSHK) Q2 2025 Earnings Call dated Nov. 13, 2024 Corporate Participants: Pankaj Manjani \u2014 Company Secretary &amp; Compliance Officer Punit Makharia \u2014 Founder, Chairman and Managing Director Deepak Beriwala \u2014 Chief Financial Officer Analysts: Prit Nagersheth \u2014 Analyst Harshil Solanki \u2014 Analyst Saumil Shah \u2014 Analyst Presentation: Operator [&hellip;]<\/p>\n","protected":false},"author":2377,"featured_media":147581,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[6349],"tags":[10169,9175,9104,9092,14492,10089],"class_list":["post-173530","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-transcripts","tag-earnings","tag-earnings-call","tag-earnings-conference","tag-earnings-transcripts","tag-financial-results","tag-quarterly-earnings"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/Transcript-thumbnail.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":128189,"url":"https:\/\/alphastreet.com\/india\/shree-pushkar-chemicals-fertilisers-limited-q3-fy22-earnings-conference-call-insights\/","url_meta":{"origin":173530,"position":0},"title":"Shree Pushkar Chemicals &#038; Fertilisers Limited Q3 FY22 Earnings Conference Call Insights","author":"Praveen","date":"March 9, 2022","format":false,"excerpt":"https:\/\/youtu.be\/I07QEBECBrw Key highlights from Shree Pushkar Chemicals & Fertilisers Limited (SHREEPUSHK) Q3 FY22 Earnings Concall Q&A Highlights: Shubham Agarwal from Aequitas India asked about the reason for a 33% QonQ volume drop in the dye and dye intermediary division. Punit Makharia MD answered that as far as dye, the company\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":130411,"url":"https:\/\/alphastreet.com\/india\/shree-pushkar-chemicals-fertilisers-limited-q4-fy22-earnings-conference-call-insights\/","url_meta":{"origin":173530,"position":1},"title":"Shree Pushkar Chemicals &#038; Fertilisers Limited Q4 FY22 Earnings Conference Call Insights","author":"Praveen","date":"June 1, 2022","format":false,"excerpt":"Key highlights from Shree Pushkar Chemicals & Fertilisers Limited (SHREEPUSHK) Q4 FY22 Earnings Concall Q&A Highlights: Subham Agarwal from Aequitas Investment asked about the fertilizer division and what kind of volumes the company can do in FY23. 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Financial Results: Shree Pushkar Chemicals & Fertilizers Ltd reported Revenues for Q1FY24 of \u20b9175.53 Crores up from \u20b9168.76 Crore year on year, a\u2026","rel":"","context":"In &quot;Agricultural Products&quot;","block_context":{"text":"Agricultural Products","link":"https:\/\/alphastreet.com\/india\/category\/agricultural-products\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-636.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-636.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-636.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-636.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-636.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-636.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":173529,"url":"https:\/\/alphastreet.com\/india\/shree-pushkar-chemicals-fertilisers-limited-shreepushk-q3-2025-earnings-call-transcript\/","url_meta":{"origin":173530,"position":3},"title":"Shree Pushkar Chemicals &#038; 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