NSEPress Release4d ago · 3 Nov 2026, 09:22 am
Press Release
Indogulf Cropsciences Limited · IGCL
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Indogulf Cropsciences Limited has announced its unaudited financial results for the quarter and half year ended September 30, 2026, with revenue from operations standing at ₹256 crore, registering a 3% YoY growth, and EBITDA growing 27% YoY to ₹41 crore, with EBITDA margin expanding by 300 bps to 16%.
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Full Announcement
Indogulf Cropsciences Limited has informed the Exchange regarding a press release dated November 03, 2026, titled "Press Release for the quarter ended September 30, 2026".
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November 03, 2026
To, To,
Listing Operation Department Listing Compliance Department
BSE Limited National Stock Exchange of India Limited
20th Floor, Phiroze Jeejeebhoy Towers Exchange Plaza, Bandra Kurla Complex,
Dalal Street, Mumbai - 400001 Bandra (East), Mumbai– 400051
Scrip Code: 544432 NSE Symbol: IGCL
Subject: Press Release – Un-audited Financial Results of the Company for the quarter ended September 30,
2026
Dear Sir/ Ma’am,
Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are
enclosing herewith a copy of the Press Release with regard to the un-audited financial results of the Company for
the quarter ended September 30, 2026.
A copy of the press release is also being uploaded on the Company’s website, at www.groupindogulf.com
This is for your information and records.
Thanking you,
Yours faithfully,
For Indogulf Cropsciences Limited
Sakshi Jain
(Company Secretary and Compliance Officer)
M. No: A67325
Address: 501, Gopal Heights, Netaji Subhash Place,
Delhi – 110034 (India)
Enclosed as above
Indogulf Cropsciences Delivers Strong Q2 FY27 Performance: EBITDA Rises
27%, PAT Grows 24%; EBITDA Margin Expands 300 bps to 16%
Sowing the Seeds of Sustainable Growth - Rising Profit, Expanding Margins
New Delhi, November 3, 2026: Indogulf Cropsciences Limited (NSE: IGCL | BSE: 544432) (“Indogulf” or the
“Company”), an integrated agri-solutions company engaged in crop protection products, plant nutrients and biologicals,
announced its consolidated unaudited financial results for the quarter and half year ended September 30, 2026.
Financial Performance Snapshot: Strong Profitability Growth with Margin Expansion
EBITDA margin
Total Income EBITDA PAT
15.9%
▲ 300 bps
Q2 FY27 ₹256 Cr ₹41 Cr ₹26 Cr
PAT margin
▲ 3% YoY ▲ 27% YoY ▲ 24% YoY 10.0%
▲ 170 bps
EBITDA margin
Total Income EBITDA PAT
11.8%
H1 FY27 ₹424 Cr ₹50 Cr ₹28 Cr
PAT marg
220 bps
▲ 20% YoY ▲ 14% YoY 6.6%
▲ 100 bps
Consolidated figures. EBITDA includes other income.
Key Financial Highlights – Q2 FY27 (Consolidated)
Revenue Growth: Revenue from operations stood at ₹256 crore, registering a 3% YoY growth despite weak
monsoon conditions. On a sequential basis, revenue increased 52% QoQ, reflecting improved business
momentum.
Operational EBITDA: EBITDA (excluding other income) increased 27% YoY to ₹41 crore, with EBITDA
margin expanding by 300 bps to 16%, supported by a favourable product mix, higher contribution from high-
margin products and disciplined cost management.
Net Profitability: PAT grew 24% YoY to ₹26 crore, with PAT margin improving to 10% from 8%. Lower
finance costs and improved operating efficiencies further supported profitability.
Key Financial Highlights – H1 FY27 (Consolidated)
Revenue Growth: Revenue from operations stood at ₹424 crore, registering a marginal decline of 3% YoY
amid subdued Kharif demand. Despite this, gross profit increased 7% YoY to ₹123 crore, with gross margin
improving to 29% from 26%.
Operational EBITDA: EBITDA (excluding other income) grew 20% YoY to ₹50 crore, while EBITDA
margin expanded to 12% from 10%, reflecting improved product mix and continued focus on operational
efficiencies.
Net Profitability: PAT increased 14% YoY to ₹28 crore, with PAT margin improving to 7% from 6%,
demonstrating the company's ability to sustain profitability growth despite a challenging operating
environment.
Recent Development Highlights
Mr. Sanjay Aggarwal, Managing Director, was honoured with the 17th
Visionary Leadership Award 2026, presented by Raksha Mantri Shri Rajnath
Visionary Leadership Award Singh at the Agriculture Leadership Conclave & Awards 2026 held in New
2026 Delhi on July 8, 2026. The award recognises his visionary leadership and
contribution to sustainable crop protection, innovation and farmer
empowerment.
Commenting on the performance, Mr. Sanjay Aggarwal, Managing Director, Indogulf Cropsciences Limited,
said:
“We are pleased with our strong performance in Q2 FY27. EBITDA grew 27% and PAT grew 24% year-on-year,
with healthy margin expansion, reflecting the strength of our product portfolio, a growing share of value-added
products and disciplined execution. The first half has seen similar progress, with EBITDA up 20% and PAT up 14%,
and we are entering the second half with strong business momentum.
The quarter was also marked by a proud moment, as I was honoured with the 17th Visionary Leadership Award 2026,
presented by Raksha Mantri Shri Rajnath Singh in New Delhi. This recognition belongs to the entire Indogulf family
and reinforces our commitment to sustainable crop protection, innovation and farmer empowerment.
The opportunity ahead for Indian agriculture and the agri-inputs industry is very exciting. The national focus on
raising farm productivity and farmer incomes, growing adoption of modern crop protection and crop nutrition, and
the accelerating shift towards sustainable and biological solutions are creating strong tailwinds for integrated players
like Indogulf. Globally, customers are increasingly diversifying their sourcing towards reliable and compliant Indian
suppliers, opening up significant export opportunities.
We are well positioned to capitalise on these opportunities. We continue to strengthen our biologicals and plant
nutrients portfolio, deepen farmer engagement through our advisory-led model, enhance our manufacturing
capabilities, including the dry flowable plant being set up, and expand our presence across Latin America, Africa,
Southeast Asia and the Middle East. We look forward to the second half of FY27 with confidence and remain
committed to delivering sustained, profitable growth and long-term value for all our stakeholders.”
About Indogulf Cropsciences Limited
Founded in 1993 and headquartered in New Delhi, Indogulf Cropsciences Limited is an integrated agri-solutions
company engaged in the manufacturing and distribution of crop protection products, plant nutrients and biologicals. The
Company offers a diversified portfolio of 300+ products backed by 1,000+ registrations, and serves customers in 36+
countries through a network of 7,500+ distributors, engaging with over 100,000 farmers.
Indogulf operates four manufacturing facilities, three in Haryana (Nathupur I, Nathupur II and Barwasni) and one at
Samba in Jammu & Kashmir, supported by a NABL-accredited R&D laboratory. The Company remains focused on
innovation, quality and sustainable agricultural solutions.
The Company’s equity shares were listed on NSE and BSE on July 3, 2025. For FY26, the Company reported Total
Income of ₹712 Cr, EBITDA of ₹81 Cr and Net Profit of ₹40 Cr.
Disclaimer
Certain statements in this document that are not historical facts are forward looking statements. Such forward-looking
statements are subject to certain risks and uncertainties like government actions, local, political or economic
developments, technological risks, and many other factors that could cause actual results to differ materially from those
contemplated by the relevant forward-looking statements. The Company will not be in any way responsible for any
action taken based on such statements and undertakes no obligation to publicly update these forward-looking statements
to reflect subsequent events or circumstances.
For any Queries, please contact:
For further information please contact:
Indogulf Cropsciences Ltd Investor Relations Advisors: Adfactors PR
Ms. Sakshi Jain Ms. Devika Shah / Mr. Vaibhav Gupta
E-mail ID: cs@groupindogulf.com devika.shah@adfactorspr.com /
vaibhav.gupta@adfactorspr.com