Meghmani Organics Limited (MOL), a fully integrated diversified chemical company announced its financial results for the third quarter (Q3 FY25) ended 31 December 2024 stood at Rs. 558 crore, up by 62% YoY on the back of improved product mix and healthy volume growth witnessed in both the segments.

EBITDA for the quarter grew to Rs. 60.4 crore, compared to a negative EBITDA of Rs. 0.4 crore in the same quarter previous year.

Crop Protection constitutes around 74% of the overall company’s revenue in Q3 FY25. Revenue and EBITDA for the segment stood at Rs. 410.5 crore and Rs. 61.2 crore, up by 72% YoY and 1,095% YoY respectively.

Pigments constitute around 26% of the overall company’s revenue in Q3 FY25. Revenue and EBITDA for the segment stood at Rs. 147.5 crore and Rs. 5.2 crore, up by 40% YoY and 479% YoY respectively.

For the nine months ended 31 December 2024 (9M FY25), Revenue from operations stood at Rs. 1,501.8 crore as compared to Rs. 1,140 crore in the corresponding previous year, up by 32% YoY.

EBITDA grew to Rs. 115.8 crore in 9M FY25 against a negative EBITDA of Rs. 0.7 crore in the corresponding previous year.

Commenting on Q3 FY25 performance, Ankit Patel, Chairman & Managing Director said, “Our improved revenue and profitability was on the back of better product mix and continued growth momentum witnessed in both the segments during the quarter. Our revenue grew 62% YoY to Rs. 558 crore while our profit after tax stood at Rs. 30.2 crore against a loss of Rs. 27.2 crore in the same quarter previous year."

"In our Crop Nutrition segment, we have signed MoU with Hindustan Insecticides Limited (HIL) for pan India marketing of Nano Urea and are also conducting extensive field activities with farmers showcasing the efficacy of Meghmani Nano Urea on different crops. In Titanium Dioxide (TiO2), we have achieved desired quality however prices are under pressure due to aggressive dumping by China. We anticipate the scenario to improve post the anti dumping duty on TiO2 from China which is expected by March 2025," added Patel.