Dharmaj Crop Guard Limited — PPTs, 13-11-2025: Investor Presentation

Dharmaj Crop Guard delivered strong half-year performance with Revenue at ₹714.6 Cr, up 26% YoY. Profit After Tax grew 38% to ₹49.9 Cr, and EPS reached ₹14.78. Q2FY26 saw Revenue of ₹347.3 Cr (up 12% YoY), though PAT declined 17% to ₹17.4 Cr and EBITDA was down 8% to ₹31.8 Cr. This Q2 moderation was due to early monsoon shifting Kharif sales to Q1 and erratic September rains.

The core formulations business continues as a growth driver, complemented by the scaling domestic active ingredients segment, which saw a 44% YoY growth in the half-year. The company expanded its retail network to over 19,000 touchpoints and launched 5 new branded formulation products. They also secured 6 technical registrations in Q2.

Management is optimistic for the upcoming Rabi season, expecting improved demand and surpassing previous year's performance, supported by favorable moisture levels. The Sayakha facility aims for EBITDA positivity in FY26 through operational scale-up. An interest subsidy of ~₹3.5 Cr was recently received.