Analysts/Institutional Investor Meet/Con. Call Updates

Date: 18.07.2026 National Stock Exchange of India Ltd. Exchange Plaza, C-1, Block G, Bandra Kurla Complex, Bandra (E) Mumbai – 400 051 Dear Sir / Madam, Subject: Earnings Conference Call Transcript of Q1 FY27 Pursuant to Regulation 30 and 46 read with clause 15 of Para A of Part A of Schedule III of the SEBI (Listing obligations and Disclosure Requirements) Regulations, 2015, we enclose herewith the transcript of Q1 FY27 Earnings Conference Call organized by the Company on July 14, 2026 at 4.00 P.M. (IST). The Transcript of the same is available on Company's website at following link :- https://api.ostwal.in/api/v1/media/kpl/investor-info/83b3e523-feb9-440e-a409-b13f6bd5d7c0 Kindly take the above-information on records. Thanking you, Yours faithfully, For Krishana Phoschem Limited Anil Sharma (Company Secretary) M.No. ACS - 25045 Place :-Bhilwara Registered off. : Wing A/2, 1st Floor, Ostwal Heights, Urban Forest, Atun, Bhilwara 311802(Raj.) Works : AKVN Industrial Area, Meghnagar-457779, Distt.Jhabua(M.P.)Ph.77730 01157, 92570 11857 Krishana Phoschem Limited Q1 FY27 Earnings Conference Call July 14, 2026 Moderator: Good afternoon, ladies and gentlemen, a very warm welcome to Q1 FY27 Earnings Call of Krishana Phoschem Limited. From the Senior Management, we have with us today Mr. Praveen Ostwal – Managing Director & Mr. Anil Sharma – Company Secretary. As a reminder, all participant lines will be in a listen-only mode and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call, please signal an operator by pressing “*”, then “0” on your touch-tone phone. Please note, this conference is being recorded. I now hand the conference over to Mr. Anil Sharma – Company Secretary. Thank you and over to you, sir. Anil Sharma: Thank you, Steve. Good afternoon, everyone, and a warm welcome to the Earnings Call of Krishana Phoschem Limited. Before we begin the Earnings Call, I would like to mention that some of the statements made during the call might be forward-looking in nature and hence it may involve risks and uncertainties, including those related to the future financial and operating performance. Please bear with us if there is a call drop during the course of the conference call. We would ensure the call is reconnected the soonest. I would like to hand over the conference to Mr. Praveen Oswal, Managing Director. Over to you, Praveen, sir. Praveen Ostwal: Good afternoon, everyone, and thank you for joining us for Krishana Phoschem Limited's Q1 FY27 Earnings Conference Call. The 1st Quarter witnessed a challenging operating environment for the phosphatic supplier industry, primarily driven by global supply-side disruptions, elevated raw material prices, and geopolitical uncertainties. Despite these external headwinds, Krishana Phoschem delivered a resilient performance, supported by our integrated manufacturing platform, backward integration, efficient procurement practices, and disciplined working capital management. I will begin by discussing the industry environment, followed by our operational and financial performance, corporate development, and growth outlook. We will then open the floor for your questions. Macro and Industry Environment: The quarter began amid heightened uncertainty after the IMD forecast the southwest monsoon at 92% of the Long Period Average (LPA), while the anticipated development of El Niño conditions raised concerns over Kharif sowing and fertilizer demand.By the end of June, cumulative rainfall was nearly 40% below normal, resulting in national Kharif sowing declining by 22.7% year-on-year to 182.7 lakh hectares, compared to 236.5 lakh hectares during the corresponding period last year. However, rainfall improved materially during early July, resulting in a rapid recovery in sowing progress, improved farmer sentiment, and accelerated fertilizer offtake across several key markets for the remainder of the Kharif season. Industry Production and Demand Environment: During the April-May 2026 period, industry-wide production declined by 28% year-on-year, while SSP production dropped by around 7% year-on-year. Despite lower production levels, sales remained strong, with NPK sales increasing by 33% year- on-year and SSP sales growing by 28% year-on-year during the same period. This indicates that the decline in production was primarily due to supply-side constraints, including raw material availability and logistic challenges, rather than any weakness in underlying fertilizer demand. West Asia Conflict and Raw Material Inflation: Geopolitical tensions in West Asia, particularly surrounding critical shipping lanes through the Strait of Hormuz, introduced considerable uncertainty across global industry, global fertilizer supply chains during the quarter. Given India's dependence on imported rock phosphate, phosphatic acid, sulfur, and ammonia, the broader phosphatic industry remained vulnerable to these disruptions. The uncertainty surrounding shipping routes resulted in higher freight costs, delay in vessel movement, and increased procurement costs. At the same time, prices of key inputs such as ammonia and sulfur increased, while phosphatic acid and rock phosphate prices also remained elevated, placing additional cost pressure on the industry. Despite elevated raw material prices, our diversified sourcing strategy, prudent inventory planning, and disciplined procurement practices helped partially mitigate cost inflation. We also continued to maintain tight control over working capital while implementing calibrated MRP revisions to preserve competitiveness across our core markets. Favorable Development: Despite these macro variables, the operating environment improved meaningfully toward the tail end of the quarter due to a few critical structural developments. • Minimum Support Prices Hiked: The Government of India announced higher MSPs of all 14 mandatory Kharif crops for the 2026-27 marketing season, featuring meaningful increases for key commercial and food crops like soybean, groundnut, cotton, and pulses. These revisions will directly strengthen farmgate economics, enhance purchasing power, and support optimal fertilizer application rates. • Government The Nutrient Based Subsidy (NBS) Support: Despite significant inflation in global raw material prices, the Government continues to support the phosphatic fertilizer sector through higher nutrient-based subsidy rates, thereby helping maintain affordability for farmers while ensuring industry continuity. • National Energy Security Initiative: The recent West Asia conflict highlighted India's vulnerability regarding energy and feedstock imports. In response, the Government's initiation of work on India's first strategic “Natural Gas Storage System” reinforced long- term resource security which will ultimately safeguard vital input supply lines for the domestic fertilizer sector. • Monsoon Revival: Most importantly, monsoon activity revived strongly in early July, rapidly cutting the all-India rainfall deficit from nearly 40% at June and to approximately 24% by the first week of July. This pivot has triggered a massive acceleration in Kharif growing across our primary marketing zone. Over the medium to long term, the structural shift towards balanced nutrient applications supported by favorable agricultural fundamentals and Government initiatives continues to provide a constructive outlook for the phosphatic fertilizer industry. Financial Performance Q1 FY27: Coming to our financial performance for the quarter: Despite a challenging operating environment, the company delivered reasonable quarterly performance. • Quarterly revenue from operations stood at ₹ 532 crore, registering a 35% year-on- year growth, showing our operational strength and efficiency. • Quarterly EBITDA stood at ₹ 89 crore, reflecting a 36% year-on-year growth, supported by disciplined cost management, despite volatility in raw [Showing first 8,000 characters — download PDF for full document]