Dharmaj Crop Guard Limited — Updates, 10-02-2025: Press Release

Dharmaj Crop Guard Limited has reported robust growth in Q3 FY25, achieving a 41% year-over-year increase in Revenue from Operations, supported by strong performance in both the Branded and Institutional Formulations verticals. Revenue for the first nine months of FY25 also rose by 38% year-over-year. The rainy Rabbi season has contributed positively, although certain regions like Rajasthan and Uttar Pradesh have underperformed, prompting a strategic review. Export performance remains weak primarily due to ongoing unrest in Bangladesh, but improvements are anticipated as the market reopens.

Notably, the Active Ingredients segment has recently emerged as a key growth driver, generating ₹1,548 million in revenue for 9MFY25. Despite high operational expenses impacting short-term profitability, the company remains focused on scaling its active ingredients business and expanding its branding efforts across India. The strategic initiatives aim to enhance growth and market presence moving forward, presenting a positive outlook for investors.