Madras Fertilizers Approves FY 2026 Financial Results, Announces Cost Auditor Appointment
Madras Fertilizers Limited, a Government of India Undertaking, announced that its Board of Directors, in a meeting held on May 12, 2026, approved the audited Standalone Financial Results for the fourth quarter and the full financial year ended March 31, 2026. Additionally, the Board approved the appointment of Mrs Aruna Prasad, a Practicing Cost Accountant, as the Company's Cost Auditor for the Financial Year 2026-27, pending confirmation from shareholders at the forthcoming Annual General Meeting.Financial Performance Overview
The financial statements provide a comprehensive view of the company's performance across the fiscal years ending March 31, 2026, and March 31, 2025.The audited financial results for the year ended March 31, 2026, show the following key figures:
Statement of Audited Financial Results for the Year Ended March 31, 2026 (k in lakhs)
| Particulars | 31 March 2026 | 31 March 2025 |
|---|---|---|
| Total Income | ||
| Revenue from operations | N/A | 2,54,108 |
| Other income | N/A | 4,396 |
| Total income | N/A | 2,58,504 |
| Total Expenses | N/A | N/A |
| Profit / (Loss) before exceptional items and tax | N/A | N/A |
| Profit / (Loss) before tax | 354 | N/A |
| Total Tax Expense | 16 | N/A |
| Profit / (Loss) for the period | 2,089 | 6,425 |
| Other Comprehensive Income for the period | 4,385 | 9,317 |
The balance sheet data for the end of the respective periods shows a significant increase in Total Assets.
Statement of Assets and Liabilities (k in lakhs)
| Component | 31 March 2026 | 31 March 2025 |
|---|---|---|
| Total Non-current assets | 84,347 | 77,442 |
| Total Current assets | 1,48,869 | 1,45,893 |
| Total Assets | 2,33,255 | 2,23,335 |
| Total Equity | 9,197 | (3,230) |
| Total Liabilities | 2,24,058* | 2,20,123* |
| Total Current liabilities | 2,09,514 | 2,13,773 |
Note: Total Liabilities = Total Assets - Total Equity.
The company's cash flow data highlights the net cash flow from operating activities for the year.
Net Cash from Operating Activities (k in lakhs)
| Component | Year Ended March 31, 2026 | Year Ended March 31, 2025 |
|---|---|---|
| Net Cash from Operating Activities | 529 | 11,404 |
| Net Cash from Investing Activities | 3,092 | (17,400) |
| Net Cash used in Financing Activities | (3,418) | (5,130) |
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Operational and Financial Updates
Plant Operations and SubsidiesDuring the quarter ending March 31, 2026, the company reported that the Ammonia Plant operated for 0.17 days and the Urea Plant for 2.25 days, citing minor issues. The Complex Fertilizer Plants were shut down for the entire quarter due to safety issues and manpower shortage.
The financial accounts reflect adjustments related to subsidies. The revenue from operations of Rs. 2,30,035 Lakhs for the year ended March 31, 2026, includes Rs. 1,83,478 Lakhs towards subsidy for Neem coated Urea and Rs. 7,157 Lakhs for freight subsidy. The audited report notes that the current year subsidy for neem coated urea includes a reversal of Rs. 4873 lakhs and subsidy for freight is higher by Rs. 1730 lakhs due to final tariff notifications.
Loan Status and Funding
The company confirmed that it has placed a request to the Department of Fertilizers (DOF), Government of India, seeking a waiver of accrued interest and penal interest on loans, alongside the conversion of the principal loan amount into borrowings repayable at zero percent interest, as part of a proposed revival package. However, the DOF has communicated that this financial revival proposal has been temporarily placed on hold, advising the company to submit a fresh proposal.
Inventory and Assets
As of the year-end, slow/non-moving inventory of Stores & spares aggregates to Rs. 3,064 lakhs, valued based on technical appraisals confirming their serviceability. Additionally, raw materials held for manufacturing NPK amounted to Rs. 2,789 lakhs. Management stated that since NPK production has been suspended since December 2022, these materials are stable and no material loss of value is currently anticipated.
MADRASFERT Stock Price Movement
Today, Madras Fertilizers Limited shares edged higher, settling at ₹71.44 and gaining 6.94% for the session. The stock concluded trading on significant volume of 408,188 shares, signaling strong positive momentum for the industrial chemical sector.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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