{"id":180358,"date":"2026-02-11T03:03:03","date_gmt":"2026-02-11T08:03:03","guid":{"rendered":"https:\/\/alphastreet.com\/india\/?p=180358"},"modified":"2026-02-11T06:00:18","modified_gmt":"2026-02-11T11:00:18","slug":"india-pesticides-limited-posts-strong-q3-fy26-growth-as-exports-and-domestic-demand-lift-earnings","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/india-pesticides-limited-posts-strong-q3-fy26-growth-as-exports-and-domestic-demand-lift-earnings\/","title":{"rendered":"India Pesticides Limited posts strong Q3 FY26 growth as exports and domestic demand lift earnings"},"content":{"rendered":"\n<p><strong>India Pesticides Limited (NSE: IPL, BSE: 543311)<\/strong> reported strong growth in revenue and profit for the quarter ended Dec. 31, 2025, driven by higher volumes across export and domestic markets, according to the company\u2019s Q3 &amp; 9M FY26 investor presentation.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Q3 FY26 financial performance<\/h2>\n\n\n\n<p>For the December quarter, <strong>total income rose 31% year on year to \u20b9229 crore<\/strong>. <strong>EBITDA increased 40% to \u20b941 crore<\/strong>, with the <strong>EBITDA margin improving to 17.9%<\/strong> from 16.7% a year earlier. <strong>Profit after tax rose 41% to \u20b923 crore<\/strong>, and the <strong>PAT margin improved to 9.9%<\/strong>.<\/p>\n\n\n\n<p>The company reported <strong>overall volume growth of about 32%<\/strong>, supported by improved capacity utilisation and strong order execution. While realizations were slightly lower due to price softening in certain molecules, higher volumes helped offset the impact on margins.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Export and domestic demand trends<\/h2>\n\n\n\n<p><strong>Export revenue increased to \u20b996 crore from \u20b975 crore<\/strong> in the year-ago quarter, led by stronger demand from the <strong>European Union and Australia<\/strong>. Exports accounted for <strong>42% of Q3 FY26 revenue<\/strong>, while domestic sales contributed <strong>58%<\/strong>.<\/p>\n\n\n\n<p><strong>Domestic revenue rose to \u20b9129 crore from \u20b997 crore<\/strong>, driven by higher demand for herbicides and intermediates. Technicals and APIs continued to dominate the revenue mix, accounting for <strong>73% of Q3 FY26 revenue<\/strong>, while formulations contributed <strong>27%<\/strong>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Nine-month FY26 performance<\/h2>\n\n\n\n<p>For the nine months ended Dec. 31, 2025, <strong>total income increased 28% year on year to \u20b9808 crore<\/strong>. <strong>EBITDA rose 48% to \u20b9149 crore<\/strong>, with the <strong>EBITDA margin expanding to 18.4%<\/strong>. <strong>Profit after tax grew 44% to \u20b989 crore<\/strong>, and the <strong>PAT margin improved to 11.0%<\/strong>.<\/p>\n\n\n\n<p>Gross profit for the nine-month period rose to <strong>\u20b9372 crore<\/strong> from \u20b9285 crore, reflecting operating leverage and sustained demand across geographies.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Capacity expansion and registrations<\/h2>\n\n\n\n<p>The company said capacity expansion initiatives at its <strong>Sandila and Hamirpur<\/strong> facilities are progressing as planned, aimed at strengthening supply chain independence and supporting future margin expansion. The company is also expanding backward integration through an intermediate plant commissioned at Sandila.<\/p>\n\n\n\n<p>During Q3 FY26, India Pesticides received <strong>five CIB registrations<\/strong> for new products, including technicals and formulations. It also secured <strong>six overseas registrations<\/strong> across <strong>Europe, Australia and New Zealand<\/strong>, taking total global registrations to <strong>54<\/strong>. Management said the registrations expand the addressable market for key molecules.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Business profile and ESG initiatives<\/h2>\n\n\n\n<p>India Pesticides is an R&amp;D-driven manufacturer of agrochemical technicals, APIs and formulations, with installed capacity of <strong>28,200 MTPA for technicals<\/strong> and <strong>10,000 MTPA for formulations<\/strong> as of Dec. 31, 2025. The company exports to more than <strong>35 countries<\/strong>, with exports accounting for about <strong>41% of turnover<\/strong>.<\/p>\n\n\n\n<p>As part of its sustainability initiatives, the company began receiving <strong>6 MW of solar power<\/strong> at its Sandila unit from Oct. 1, 2025, aimed at reducing reliance on conventional power sources and lowering energy costs over time.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Outlook<\/h2>\n\n\n\n<p>Management said it remains confident of sustaining growth, supported by steady export demand, gradual recovery in domestic markets and the ongoing benefits of capacity expansions. The company expects improved supply chain resilience and operational efficiencies to support margins in the coming quarters.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Summary<\/h2>\n\n\n\n<p>India Pesticides delivered strong growth in Q3 FY26, with double-digit increases in revenue, EBITDA and profit, driven by volume growth across export and domestic markets. Capacity expansions, new product registrations and sustainability initiatives are expected to support medium-term growth and margin resilience.<br><\/p>\n","protected":false},"excerpt":{"rendered":"<p>India Pesticides Limited (NSE: IPL, BSE: 543311) reported strong growth in revenue and profit for the quarter ended Dec. 31, 2025, driven by higher volumes across export and domestic markets, according to the company\u2019s Q3 &amp; 9M FY26 investor presentation. Q3 FY26 financial performance For the December quarter, total income rose 31% year on year [&hellip;]<\/p>\n","protected":false},"author":2409,"featured_media":125416,"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":[5,1941,5747],"tags":[16234,16238],"class_list":["post-180358","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest","category-stock-analysis","category-healthcare-stocks","tag-india-pesticides","tag-pesticides-manufacturer"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":179997,"url":"https:\/\/alphastreet.com\/india\/sportking-india-limited-posts-q3-fy26-profit-growth-revenue-rises-on-export-demand\/","url_meta":{"origin":180358,"position":0},"title":"Sportking India Limited posts Q3 FY26 profit growth; revenue rises on export demand","author":"Staff Correspondent","date":"February 9, 2026","format":false,"excerpt":"Sportking India Limited (NSE: SPORTKING, BSE: 539221) reported higher revenue and profit for the quarter ended Dec. 31, 2025, supported by export demand and high capacity utilisation across its spinning operations, according to the company\u2019s investor presentation. 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Q3 FY26 financial performance For the third quarter, revenue from operations stood\u2026","rel":"","context":"In &quot;LATEST&quot;","block_context":{"text":"LATEST","link":"https:\/\/alphastreet.com\/india\/category\/latest\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/10\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/10\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/10\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":180012,"url":"https:\/\/alphastreet.com\/india\/man-industries-india-limited-reports-strong-q3-fy26-earnings-as-margins-expand-and-order-book-rises\/","url_meta":{"origin":180358,"position":2},"title":"Man Industries (India) Limited reports strong Q3 FY26 earnings as margins expand and order book rises","author":"Staff Correspondent","date":"February 9, 2026","format":false,"excerpt":"Man Industries (India) Limited (NSE: MANINDS, BSE: 513269) reported a sharp increase in revenue, profit and margins for the quarter ended Dec. 31, 2025, supported by a stronger product mix, improved operating leverage and steady execution across domestic and export markets, according to the company\u2019s Q3\/9M FY26 earnings presentation. 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Revenue from operations rose 7% year-on-year to \u20b980.4 crore, while EBITDA increased 26.1% to \u20b934.6 crore, lifting the EBITDA margin to 43.1%. 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