Madhya Bharat Agro Products Limited (MBAPL) held its Q4 FY25 earnings conference call on May 13, 2025.
Revenue for FY25 stood at ₹1,059 crore, a 29.7% YoY increase from ₹817 crore in FY24.
EBITDA for FY25 was ₹146 crore, a 51.4% YoY growth, with a stable EBITDA margin of 13.7%.
Profit After Tax (PAT) for FY25 reached ₹57 crore, a 132% YoY increase, with a PAT margin of 5.4%.
For Q4 FY25, revenue stood at ₹297 crore, reflecting a 103.7% YoY growth.
EBITDA for Q4 FY25 was ₹36 crore, a 155.3% YoY increase, with a margin of 12.1%.
PAT for Q4 FY25 was ₹14 crore, recording a 984.6% YoY growth, with a PAT margin of 4.8%.
SSP sales for FY25 were 1,83,028 metric tons, a 12% YoY increase; NPK sales surged to 1,56,346 metric tons, a 22% YoY increase.
The company launched Annadata Urea SSP, Annadata Super 6, and Annadata Zibo to meet farmers' evolving needs.
Phosphoric acid capacity expanded at Sagar, Madhya Pradesh, to 69,000 metric tons; benefits expected in FY26.
A 3,30,000 tons DAP/NPK plant at Dhule, Maharashtra, is on track for commissioning by October 2026, with a capex of ₹550 crore.
Sulphuric acid capacity expansion by 1,65,000 tons at Sagar, Madhya Pradesh, is planned for a capex of ₹100 crore, operational by March 2026.
Outstanding subsidy receivables as of March 31, 2025, were approximately ₹127 crore.
Net debt as of March 31, 2025, stood at ₹307 crore.
Management Commentary:
The company is guiding for a robust 15% growth in revenue with better profitability in FY26, supported by continued demand, operational efficiencies, and improved capacity utilization.