Strong domestic demand supported volume expansion and improved market penetration
Indogulf Cropsciences has reported a strong set of financial results for the third quarter ended December 31, 2025, posting double‑digit growth across key metrics despite a tough operating environment.
The company’s revenue from operations surged 17.0% year‑on‑year to Rs. 1,161 million, while EBITDA rose 16.4% to Rs. 117 million, up from Rs. 101 million in the year‑ago period. Profit before tax leapt 60.2% to Rs. 74 million, and profit after tax climbed 5.6% to Rs. 39 million, compared with Rs. 37 million in Q3 FY25.
On a nine‑month basis, the firm reported 19.3% higher revenue at Rs. 5,538 million, along with a 23.5% jump in EBITDA to Rs. 536 million and strong profit growth — 33.2% in PBT to Rs. 391 million and 31.1% in PAT to Rs. 284 million versus the same period last year.
Commenting on the results, Managing Director Sanjay Aggarwal said: “We are pleased to report a resilient performance in Q3 FY26, with revenue growth of 17% year‑on‑year, accompanied by a healthy growth in profitability. This performance assumes greater significance considering the challenging operating environment during the quarter, marked by subdued crop prices, cautious farmer sentiment, and relatively lower agrochemical demand across certain regions.”
Aggarwal added that for the first nine months, “we delivered a robust revenue growth of 19% year‑on‑year. The growth momentum was primarily driven by strong traction in both our B2C and B2B segments.” He noted that strong domestic demand “supported volume expansion and improved market penetration” and that focused distribution and product strategy helped capture opportunities despite industry headwinds.
The MD also highlighted that “AGPL delivered a significantly improved performance during the year, contributing meaningfully to consolidated growth. Operational efficiencies, improved channel alignment, and better product mix at AGPL further supported margin expansion during the period.”
Looking ahead, he said the company has “successfully entered the Venezuela market and received initial orders, which are expected to be executed in Q4 FY26.”
Aggarwal concluded by attributing the company’s performance to “disciplined execution, diversified portfolio, and strong on‑ground presence” that have enabled it to “navigate sectoral challenges while sustaining growth and strengthening profitability."
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