Meghmani Organics Limited — Updates, 08-02-2025: Press Release

Revenue from operations for Meghmani Organics Limited (MOL) reached INR 558.0 crore in Q3 FY25, reflecting a robust 62% year-on-year growth, fueled by an enhanced product mix and increased volume across both major segments. EBITDA surged to INR 60.4 crore, a significant turnaround from a negative EBITDA of INR 0.4 crore during the same period last year. The Crop Protection segment contributed around 74% of revenue, with figures soaring to INR 410.5 crore, marking a 72% YoY increase, while EBITDA skyrocketed by 1,095% YoY to INR 61.2 crore. The Pigments segment also performed well, reporting revenue of INR 147.5 crore and an EBITDA of INR 5.2 crore, up 40% and 479% YoY, respectively. For the nine-month period ending December 31, 2024, revenue increased by 32% YoY to INR 1,501.8 crore, accompanied by a turnaround in EBITDA to INR 115.8 crore. The company signed a Memorandum of Understanding with Hindustan Insecticides Limited for marketing Nano Urea, further expanding its market reach. The outlook for TiO2 prices is cautiously optimistic, pending potential anti-dumping measures expected by March 2025.