NSEPress Release1d ago · 30 Oct 2026, 01:57 pm
Press Release
Sharda Cropchem Limited · SHARDACROP
✦ AI Summary▲ PositiveResults
Sharda Cropchem Limited has announced its unaudited financial results for the quarter and half year ended September 30, 2026, with revenue growth of 13% YoY to Rs. 1,052 crores, EBITDA growth of 18% to Rs. 164 crores, and profit after tax growth of 23% to Rs. 92 crores.
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Earnings Impact8/10
Growth Catalyst9/10
Governance Concern1/10
Regulatory Risk2/10
Balance Sheet Risk1/10
Liquidity Impact9/10
Market Sentiment9/10
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Sharda Cropchem Limited has informed the Exchange regarding a press release dated October 30, 2026, titled "Press release".
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30th October, 2026
National Stock Exchange of India
BSE Limited
Limited
Phiroze Jeejeebhoi Tower,
Exchange Plaza, 5th Floor, Plot No.
Dalal Street,
C/1,
Mumbai – 400 001
G-Block, Bandra Kurla Complex,
Bandra (E), Mumbai – 400 051
Scrip Code: 538666
Trading Symbol: SHARDACROP
Dear Sir/Madam,
Re.: Media Release on Unaudited Financial Results for the quarter and half
year ended September 30, 2026
In continuation of our letter of today’s date on the Standalone and Consolidated
Unaudited Financial Results for the quarter and half year ended September 30,
2026, we attach a copy of Media Release being issued by the Company in this
regard.
We request you to take the same on record.
Thanking you,
Yours Sincerely,
For SHARDA CROPCHEM LIMITED
JETKIN GUDHKA
COMPANY SECRETARY &
COMPLIANCE OFFICER
Encl: As above
Investor Release
Strong Q2 FY27 Performance; Revenue Up 13%, EBITDA Up 18%
• Revenue growth of 13% YoY to Rs. 1,052 crores;
• EBITDA growth of 18% to Rs. 164 crores;
• Product registrations increased to 3,044, with 946 registrations in pipeline;
• Debt-free with Cash, Bank and Liquid Investments of Rs. 846 crores
Mumbai, 30th October 2026
Sharda Cropchem Limited, one of the leading player in the crop protection chemicals industry
has announced its unaudited financial results for the quarter and half year ended 30th
September 2026
Consolidated Financial Highlights
Particulars (in Rs. Crs.) Q2 FY27 Q2 FY26 Y-o-Y H1 FY27 H1 FY26 Y-o-Y
Revenue 1,052 929 +13% 2,125 1,914 +11%
Gross Profit 378 321 +18% 772 670 +15%
Gross Profit Margin (%) 35.9% 34.5% +140 bps 36.3% 35.0% +130 bps
EBITDA 164 139 +18% 343 281 +22%
EBITDA Margin (%) 15.6% 15.0% +70 bps 16.1% 14.7% +140 bps
Profit Before Tax (excl. forex gains) 108 92 +17% 219 188 +16%
Profit Before Tax* 107 86 +25% 226 255 (11%)
Profit After Tax* 92 74 +23% 180 217 (17%)
* Profit Before Tax & Profit After Tax growth was due to higher forex gains in H1 FY26
Segment Wise Revenue Break up
Particulars (in Rs. Crs.) Q2 FY27 Q2 FY26 Y-o-Y H1 FY27 H1 FY26 Y-o-Y
Agrochemical Segment 840 803 +5% 1,755 1,649 +6%
Non-Agro Segment 212 126 +68% 371 265 +40%
Product Wise Revenue Break up
Particulars (in Rs. Crs.) Q2 FY27 Q2 FY26 Y-o-Y H1 FY27 H1 FY26 Y-o-Y
Herbicides 432 438 (1%) 890 859 +4%
Insecticides 263 223 +18% 496 428 +16%
Fungicides 144 142 +2% 369 362 +2%
Region Wise Revenue Break up (Agrochemical Business)
Particulars (in Rs. Crs.) Q2 FY27 Q2 FY26 Y-o-Y H1 FY27 H1 FY26 Y-o-Y
Europe 429 463 (7%) 896 985 (9%)
NAFTA 227 214 +6% 567 469 +21%
LATAM 128 71 +81% 199 118 +69%
RoW 55 55 0% 93 76 +22%
STRONGER, FURTHER.
GROWING GOING
Investor Release
Region Wise Revenue Break up (Non Agrochemical Business)
Particulars (in Rs. Crs.) Q2 FY27 Q2 FY26 Y-o-Y H1 FY27 H1 FY26 Y-o-Y
Europe 29 25 +16% 48 47 +3%
NAFTA 152 78 +94% 273 171 +60%
LATAM 12 11 +6% 17 23 (28%)
RoW 19 12 +59% 33 24 +36%
Key Business Highlights for Q2 FY27
• Agrochemical Segment contributes 80%; Non-Agrochemical Segment contributes 20%
Key Business Highlights for H1 FY27
• Agrochemical Segment contributes 83%; Non-Agrochemical Segment contributes 17%
• Capex in H1 FY27 stands at Rs. 419 crores
• Product Registrations stand at 3,044 with 946 applications pending at various stages as on
30th September 2026
• The Company remains Debt free with cash, bank and liquid investments of Rs. 846 crores
Commenting on the Results, Mr. Ramprakash Bubna, Chairman and MD, said,
“I am pleased to report another quarter of healthy growth. In Q2 FY27, revenue grew 13% year-
on-year to Rs. 1,052 crores. Gross margins expanded by 140 basis points to 35.9%, and EBITDA
rose 18% to Rs. 164 crores. Profit after tax grew 23% to Rs. 92 crores.
NAFTA was the standout this quarter. Revenue from the region grew about 30% year-on-year,
with significantly better margins. LATAM also did well, with agrochemical revenue up over 80%.
Together, these regions more than made up for a softer quarter in Europe.
Europe, our largest market, saw a slight moderation this quarter, coming off an exceptionally
strong FY26. The weather challenges we highlighted last quarter continued through the
September quarter, with extended heat and drought conditions in parts of central and eastern
Europe. As a result, distributors have taken a cautious approach to restocking. We see this as a
temporary, weather-led impact rather than any change in underlying demand. Our registration
portfolio and customer relationships in Europe remain strong, and as conditions normalise, we
expect the region to do well in the second half, which is seasonally our stronger period.
We continue to maintain our FY27 revenue growth guidance of 10–15%. We also expect EBITDA
margins to improve through the year and remain between 18% and 20% for FY27, supported by a
better product mix and operating leverage in the second half.
We remain focused on strengthening our long-term growth platform. We invested Rs. 419 crores
in capex during the first half, in product registrations. We now hold 3,044 registrations, with 946
more in the pipeline. Our balance sheet remains robust: we are debt-free, with cash, bank
balances and liquid investments of Rs. 846 crores.”
STRONGER, FURTHER.
GROWING GOING
Investor Release
About Us
Sharda Cropchem Limited (SCL) is a fast-growing global agrochemicals company with a peer
position in the crop protection chemicals industry. Its vast and growing library of dossiers and
IPRs provides a solid foundation for growth in the global marketplace, especially in advanced
markets such as Europe, North America, and Latin America. It enables to operate globally in a wide
range of formulations and active ingredients. The Company’s deep domain knowledge and
extensive experience provides a significant competitive edge, enabling to expand businesses,
both in existing markets and new geographies. This has further positioned the Company as a
prominent player in the field of crop protection chemicals. SCL offers a diverse range of products,
including fungicides, herbicides, insecticides, and biocides, to a global clientele. Through its
expertise and conviction, SCL has earned a reputation as a trusted partner in the global
agricultural industry. The Company continues to support farmers and agricultural businesses
across the globe, fostering growth and sustainability in the sector.
Safe Harbor
Statements in this document relating to future status, events, or circumstances, including but not limited to
statements about plans and objectives, the progress and results of research and development, potential project
characteristics, project potential and target dates for project related issues are forward-looking statements based
on estimates and the anticipated effects of future events on current and developing circumstances. Such
statements are subject to numerous risks and uncertainties and are not necessarily predictive of future results.
Actual results may differ materially from those anticipated in the forward-looking statements. The company
assumes no obligation to update forward-looking statements to reflect actual results changed assumptions or
other factors.
For further information, please contact
Company : Sharda Cropchem Limited
CIN: L51909MH2004PLC145007
Mr. Shailesh Mehendale, CFO - cfo@shardaintl.com / finance@shardaintl.com
Tel: +91 22 6678 2800
Investor Relations : Strategic Growth Advisors
CIN: U74140MH2010PTC204285
Mr. Deven Dhruva / Mr. Ronak Jain – deven.dhruva@sgapl.net / ronak.jain@sgapl.net
Tel: +91 98333 73300 / +91 98209 50544
STRONGER, FURTHER.
GROWING GOING