Revenue rises 31 per cent YoY to Rs. 229 crore; net profit jumps 41 per cent as volume growth accelerates across domestic and global markets

India Pesticides Limited (IPL) reported a robust set of numbers for the third quarter of FY26, with consolidated revenue increasing 30.7 per cent year-on-year to Rs. 229 crore, driven by strong volume growth in both export and domestic markets. Net profit rose 41.2 per cent to Rs. 23 crore, with PAT margin improving to 9.9 per cent.

EBITDA for the quarter stood at Rs. 41 crore, reflecting a 40.0 per cent year-on-year increase, while EBITDA margins improved by 134 basis points. The company recorded overall volume growth of approximately 32 per cent, supported by higher capacity utilisation and steady order execution.

Exports remained a key growth driver, increasing to Rs. 96 crore from Rs. 75 crore in Q3 FY25, led by strong performance in the European Union and Australian markets. Domestic revenue rose to Rs. 129 crore from Rs. 97 crore, buoyed by increased demand for herbicides and intermediates. The Technical and API segments contributed 73 per cent of total revenue, underscoring the strength of IPL’s diversified portfolio.

For the nine months ended December 31, 2025, total income rose 27.6 per cent year-on-year to Rs. 808 crore. EBITDA increased 47.7 per cent to Rs. 149 crore, with margins at 18.4 per cent, while net profit grew 43.9 per cent to Rs. 89 crore, translating into a PAT margin of 11.0 per cent.

The company has incurred capital expenditure of Rs. 46 crore up to Q3 FY26, aligned with its expansion and modernisation initiatives aimed at enhancing production capabilities and supply chain independence.

As part of its sustainability efforts, IPL began receiving 6 MW of solar power at its Sandila unit from a group captive solar plant effective October 1, 2025, strengthening its renewable energy portfolio and reducing dependence on conventional power sources.

With steady export demand, gradual recovery in domestic markets and benefits from capacity additions, IPL said it remains confident of sustaining growth momentum and delivering long-term value to stakeholders.