India Pesticides Ltd Reports Q1 FY27 Results; Revenue Declines Amid Softer Herbicide Demand

India Pesticides Ltd Reports Q1 FY27 Results; Revenue Declines Amid Softer Herbicide Demand​

India Pesticides Limited (IPL), a growing agro-chemical manufacturer, has announced its un-audited financial results for the quarter ended June 30, 2026. While the company noted challenges related to domestic demand, it reported marginal growth in export sales and achieved a key international market milestone.

The company’s revenue from operations stood at Rs. 256 crore in Q1 FY27, marking a decline of 9.2% compared to Rs. 282 crore recorded in Q1 FY26. Export sales saw only marginal growth, reaching Rs. 89 crore against Rs. 87 crore in the prior year.

EBITDA for the quarter was reported at Rs. 39 crore, translating to an EBITDA margin of 15.4%. This figure is down from Q1 FY26, where the EBITDA stood at Rs. 52 crore with a margin of 18.4%. Profit Before Tax (PBT) was Rs. 31 crore, representing a margin of 12.2%, while Profit After Tax (PAT) was Rs. 23 crore, or an 8.9% PAT margin.

The results highlight the challenging operating environment in the domestic agrochemical market, driven primarily by softer demand for the company’s key herbicide, Pretilachlor. However, the company managed to sustain its international presence.

Financial Performance Snapshot (in Crores)​

To provide context regarding the recent performance, the financial details across relevant periods are summarized below:


Note: Q1 FY26 data reflects a specific financial structure compared against the reported Q1 FY27 figures.

Operational Focus and Key Milestones​

The company noted that elevated channel inventory, along with increased employee and fuel costs, impacted profitability during the quarter. Furthermore, Other Expenses included Job work processing charges, which rose to Rs. 14 crore from Rs. 8 crore in Q1 FY26 due to higher job-work conversion volumes and increasing rates per kilogram.

Despite these domestic headwinds, India Pesticides Limited secured a significant international market achievement by receiving Technical Equivalence (TEQ) approval from the European Union for one of its fungicide products. This milestone is described as strengthening the company’s presence in global markets and enhancing its capacity to serve worldwide customers.

Management Commentary and Future Outlook​

Mr. Dheeraj Kumar Jain, Chief Executive Officer, commented on the performance, noting that while revenue was impacted by softer demand for Pretilachlor, the management focused diligently on operational efficiency and cost control.

He stated that the TEQ approval from the European Union is a critical achievement reflecting the company's continued focus on innovation and product development. Regarding social commitment, IPL continues to pursue sustainability through CSR initiatives such as 'Samagra Sudhar' and 'Chuppi Tod; Halla Bol,' supporting rural communities and farmer awareness programs.

Looking ahead, Mr. Jain expressed confidence in growth prospects, citing improving demand across domestic and export markets. He affirmed the company’s commitment to strengthening its product portfolio, expanding international presence, and enhancing manufacturing capabilities to deliver sustainable value.

About India Pesticides Limited​

Founded in 1984, India Pesticides Limited is an R&D-driven chemical manufacturer producing agrochemical technicals, active pharmaceutical ingredients, and branded formulations. The company offers a comprehensive range of products, including herbicides, fungicides, and insecticides, supplying customers across more than 25 countries. Its operations are based in Lucknow and Hardoi districts, Uttar Pradesh, with a strategic focus on backward integration and product innovation to reduce import dependencies.

IPL Stock Price Movement​

India Pesticides Limited shares closed higher on Friday, gaining 0.36% and settling at ₹154.15. The equity traded within a narrow intraday range, moving between a low of ₹151.81 and a high of ₹154.80.