Meghmani Organics Limited — Investor Meet, 07-02-2026: Analysts/Institutional Investor Meet/Con. Call Updates

**MOL Q3 FY26 Call Recap:** Consolidated revenue hit Rs. 509 Cr, EBITDA Rs. 38 Cr (7.4% margin). Consolidated PAT was negative, mainly from the Titanium Dioxide segment. Standalone figures saw Rs. 485 Cr revenue, Rs. 51 Cr EBITDA (10.6% margin), & Rs. 22 Cr PAT. 9M Consolidated PAT turned positive to Rs. 21 Cr. Debt reduced by Rs. 128 Cr year-to-date.

**Crop Protection (79% sales):** Q3 volumes fell 14% due to US tariff uncertainty. Management expects demand recovery, targeting 15-17% EBITDA margins.

**Pigments (21% sales):** EBITDA was Rs. 0.7 Cr. Operational tweaks and new renewable power by Q2/Q3 FY27 aim for 8-9% EBITDA margins from Q1 FY27.

**Titanium Dioxide:** Plant shut since November end due to high Sulfuric Acid costs and anti-dumping duty withdrawal. Awaiting duty re-imposition and raw material normalization by mid-2026 for restart. Target EBITDA: 17-20%.

**Nano Urea:** Commercial orders emerging globally. Currently negative EBITDA from low utilization, but 20-22% margins are expected at scale.

**Outlook:** Near-term challenges cited, but MOL is confident in its long-term growth trajectory through diversification and market presence. #MOL #EarningsCall #InvestorUpdate