Analysts/Institutional Investor Meet/Con. Call Updates

SHREE PUSHKAR CHEMICALS & FERTILISERS LTD. CIN: L24100MH1993PLC071376 (A Government of India Recoginsed Export House) An ISO 9001:2015 & 14001:2015 Certified Company Office No. 301/302, 3rd Floor, Atlanta Center, Near Udyog Bhavan Sonawala Road, Goregaon (East), Mumbai - 400063, India Tel.: + 91 22 4270 2525 Fax: + 91 22 2685 3205 Date: 5th November, 2026 National Stock Exchange of India Limited, BSE Limited, Exchange Plaza, Plot No. C/1, G Block, Phiroze Jeejeebhoy Towers, Bandra Kurla Complex, Bandra (East), Dalal Street, Fort, Mumbai - 400001 Mumbai – 400051 Scrip Symbol: SHREEPUSHK Scrip Code: 539334 Dear Sir/Madam, Subject: Transcript of Analyst/Investor Conference Call held on Tuesday, 3rd November, 2026 Pursuant to Regulations 30 and 46 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and with reference to our letter dated 28th October, 2026, intimating you about the earning conference call for Q2 H1 FY27 with Analysts/Investors held on 3rd November, 2026, please find attached herewith the transcript of the aforesaid conference call. The above information is also available on the website of the Company at https://shreepushkar.com. This is for your information & record. Thanking you Yours faithfully, For Shree Pushkar Chemicals & Fertilisers Limited Pankaj Manjani Company Secretary & Compliance Officer Place: Mumbai Encl.: as above ..........Stable, Sustainable & Smart Chemistry Company.......... ● Speciality Textile Dyes ● Dyes Intermediates ● Acids ● Power ● Animal Health & Nutrition ● Fertilisers Works at - B- 102 / 103, D – 25, B – 97, D - 18, D - 10, G 64/65 MIDC Lote Parshuram, Taluka Khed, Dist. Ratnagiri Maharashtra, India. GOTS / Approved email: info@shreepushkar.com ● www.shreepushkar.com ZDHC gateway / Registered “Shree Pushkar Chemicals & Fertilisers Limited Q2 H1 FY27 Results Conference Call” November 03, 2026 MANAGEMENT: MR. PUNIT MAKHARIA – CHAIRMAN AND MANAGING DIRECTOR – SHREE PUSHKAR CHEMICALS & FERTILISERS LIMITED MR. DEEPAK BERIWALA – CHIEF FINANCIAL OFFICER – SHREE PUSHKAR CHEMICALS & FERTILISERS LIMITED MR. PANKAJ MANJANI – COMPANY SECRETARY AND COMPLIANCE OFFICER – SHREE PUSHKAR CHEMICALS & FERTILISERS LIMITED Page 1 of 15 Shree Pushkar Chemicals & Fertilisers Limited November 03, 2026 Moderator: Ladies and gentlemen, good day, and welcome to the Shree Pushkar Chemicals & Fertilisers Limited Q2 H1 FY27 Results Conference Call. As a reminder, all participant lines will be in listen-only mode and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during this conference call, please signal an operator by pressing star then zero on your touch-tone phone. Please note that this conference is being recorded. I now hand the conference over to Mr. Pankaj Manjani, Company Secretary and Compliance Officer from Shree Pushkar Chemicals & Fertilisers Limited. Thank you and over to you, sir. Pankaj Manjani: Good afternoon everyone and welcome to Shree Pushkar Chemicals & Fertilisers Limited Q2 and H1 FY27 earnings call. Joining us today from the management side, we have Mr. Punit Makharia, Chairman and Managing Director, and Mr. Deepak Beriwala, Chief Financial Officer. I now hand over the call to Mr. Punit Makharia for his opening remarks. Over to you, sir. Punit Makharia: Thank you, Pankaj. A very good afternoon to all friends and everyone, and thank you for joining us for Shree Pushkar Chemicals & Fertilisers Limited Q2 and H1 FY27 earnings call. I trust you all had an opportunity to go through the company's financial results and earnings presentation for the quarter and half year ended 30th September 2026. I will begin with sharing an overview on the company's performance and key developments during the quarter, following which our CFO will take you through the financial and operational performance in much greater detail. We are pleased to report a strong performance during the second quarter of FY27 with significant growth in revenue and profitability across the company's chemical and fertilizer business. The performance reflects sustained demand, improved business performance, and our continued focus on operational efficiency and disciplined execution. During Q2 FY27, our consolidated revenue from operations stood at INR403.5 crores, registering a robust year-on-year growth of 58.2%. On a sequential basis, revenue increased by 44.1% compared to INR280.1 crores in Q1 FY27. For the first half of FY27, consolidated revenue from operations reached INR683.60 crores, registering a growth of 34.1% on a year-on-year basis over INR509.6 crores in the corresponding period of the previous year. Moving to our segmental performance, the chemical business recorded sales volume of INR245 crores during the quarter, representing a growth of 85.6% on a year-on-year basis. The fertilizer business recorded sales volume of INR158 crores, registering growth of 27.5% on a year-on-year basis. In terms of sales volume, the chemical business recorded 14,368 metric tons, while the fertilizer business recorded 79,277 metric tons during the quarter. The overall consolidated sales volume stood at 93,645 metric tons, registering a growth of 4.3% on a year- on-year basis. The performance of both our businesses reflects improved realization, a favorable product mix, and sustained demand, supporting the growth in revenue during the quarter. Friends, coming to Page 2 of 15 Shree Pushkar Chemicals & Fertilisers Limited November 03, 2026 profitability, the company delivered a significant improvement in earnings consolidated EBITDA increased by 87.7% year-on-year to INR49.2 crores with an EBITDA margin of 12.2%. Profit after tax increased by 96.1% year-on-year to INR35.7 crores with a PAT margin of 8.9%. For H1 FY27, consolidated EBITDA stood at INR81.2 crores, registering a growth of 46.7%, while profit after tax stood at INR58.6 crores, representing a growth of 49.7% on a year-on-year basis. This performance demonstrates our ability to deliver profitable growth while continuing to invest in our manufacturing capabilities and capacities. Moving to our operational developments, we are pleased to share that commercial production at Unit 5 of our company commenced during this quarter, strengthening our dye manufacturing capacity by approximately 6,000 metric tons per annum. This is an important milestone in our capacity expansion roadmap and will support our efforts to cater to growing customer requirements. Additionally, our 10 megawatt DC solar project at Nanded, Maharashtra commenced operations during this quarter. With this addition, the company's total installed solar capacity on a consolidated basis has increased to 20.6 megawatt on a DC basis. This development further strengthens our focus on renewable energy and sustainable manufacturing practices. Alongside these developments, the expansion of Madhya Bharat Phosphates Private Limited, our wholly-owned subsidiary at Meghnagar, Jhabua, Madhya Pradesh, continued to progress as planned. This initiative remains an important part of our long-term strategy to expand our manufacturing footprint, enhance integration, and improve operational efficiencies. As on date, as on 30th of September, the Company has invested INR92 crores in the ongoing capex project, which has been totally funded by the internal accruals of the company. In line with our growth strategy, the board has also approved a capital expenditure of INR70 crores for establishing a new chemical plant at Unit 5, Lote Parshuram, with an additional capacity of 3,000 metric tons per annum. The project is expected to be commissioned by March 2028 and is aimed at catering to the growing demand of our customers. The proposed investment will be funded through a combination of internal accruals and a preferential issue of fully convertible warrants to the promoter, subject to the requisite shareholder and other applicable approvals. In this regard, the board has approved t [Showing first 8,000 characters — download PDF for full document]