KRISHANA - Krishana Phosch.
π’ Recent Corporate Announcements
Krishana Phoschem Limited successfully conducted a virtual group meeting with analysts and institutional investors on March 09, 2026. The session lasted for one hour, from 10:00 AM to 11:00 AM, and followed a Q&A format. The company officially stated that no formal presentation was made and no Unpublished Price Sensitive Information (UPSI) was shared during the interaction. This filing serves as a routine regulatory update following previous intimations on March 04 and March 06, 2026.
- Virtual group meeting held on March 09, 2026, between 10:00 AM and 11:00 AM.
- Interaction conducted in a Q&A format with analysts and institutional investors.
- Company confirmed that no formal investor presentation was utilized during the session.
- Management explicitly stated that no Unpublished Price Sensitive Information (UPSI) was disclosed.
Krishana Phoschem Limited has provided the registration link for its upcoming virtual investor meeting scheduled for March 9, 2026. The event, titled 'Bharat Connect Conference: Rising Stars - 2026', is organized by Arihant Capital. The session will run from 10:00 AM to 11:00 AM and will be conducted via a virtual group meet format. The company has explicitly stated that no unpublished price-sensitive information will be discussed during this interaction.
- Virtual investor meeting scheduled for March 9, 2026, between 10:00 AM and 11:00 AM
- Participation in the 'Bharat Connect Conference: Rising Stars - 2026' organized by Arihant Capital
- Registration link for the Zoom webinar has been officially disclosed to the exchange
- Discussions will be limited to publicly available information with no UPSI disclosure intended
Krishana Phoschem Limited has announced its participation in the Arihant Capital - Bharat Connect Conference: Rising Stars - 2026. The virtual group meeting is scheduled for March 9, 2026, from 10:00 AM to 11:00 AM. The company stated that the discussions will be based on publicly available information and no unpublished price sensitive information (UPSI) will be shared. This meeting provides a platform for institutional investors to interact with the management regarding the company's business operations.
- Participation in the Arihant Capital - Bharat Connect Conference: Rising Stars - 2026
- Scheduled virtual group meeting on March 9, 2026, from 10:00 AM to 11:00 AM
- Management confirms no unpublished price sensitive information will be discussed
- Compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Krishana Phoschem Limited has entered into a domestic Memorandum of Understanding (MoU) with Yara Fertilisers India Private Limited for a marketing arrangement. This strategic tie-up allows Krishana to sell its agri-input products through Yara's established distribution network. While no upfront consideration was paid, the company expects the partnership to result in a meaningful contribution to its revenue. This move is intended to expand the company's market presence and ensure a steady supply for customers.
- MoU signed with Yara Fertilisers India Private Limited for domestic marketing and sales of agri-inputs.
- Krishana's products will leverage Yara's extensive distribution network to reach a wider customer base.
- No upfront payment involved in the agreement; revenue will be based on agreed commercial terms.
- Management expects a meaningful revenue contribution from this strategic arrangement.
Crisil Ratings has upgraded Krishana Phoschem Limited's long-term credit rating from 'CRISIL A/Stable' to 'CRISIL A+/Stable'. The short-term rating has been reaffirmed at 'CRISIL A1', covering total bank loan facilities of Rs 756 Crore. This upgrade reflects an improved credit profile and enhanced confidence in the company's ability to service its debt obligations. Major lenders involved include HDFC Bank, ICICI Bank, and State Bank of India, with significant term loans and working capital limits under review.
- Long-term credit rating upgraded to CRISIL A+/Stable from CRISIL A/Stable.
- Short-term credit rating reaffirmed at CRISIL A1 for various bank facilities.
- Total bank loan facilities covered under the rating amount to Rs 756 Crore.
- Major term loans include Rs 119.85 Crore from HDFC Bank and Rs 61.35 Crore from Axis Bank.
- The upgrade indicates improved financial stability and potentially lower future borrowing costs.
Krishana Phoschem reported a record-breaking Q3 FY26 with revenue surging 117% YoY to βΉ659.11 crore, driven by robust fertilizer demand and high capacity utilization. Net profit grew 62.3% to βΉ33.3 crore, while 9M FY26 PAT nearly doubled to βΉ97 crore. The company is on track to commission a 50% expansion in NPK/DAP capacity by March 2026. Despite overall margin compression to 10.64% due to increased trading activity, integrated manufacturing margins remained strong at 15%.
- Q3 FY26 Revenue grew 117% YoY to βΉ659.11 crore; 9M FY26 Revenue reached βΉ1,663 crore.
- Net Profit for Q3 rose 62.3% YoY to βΉ33.3 crore with an all-time high EPS of βΉ5.39.
- Achieved highest-ever fertilizer production of 1,13,155 MT with SSP plant utilization at 107%.
- 50% NPK/DAP capacity expansion at Meghnagar is scheduled for commissioning by March 2026.
- Integrated manufacturing margins improved to 15%, though overall margins were 10.64% due to trading.
Krishana Phoschem Limited has released the audio recording of its earnings conference call for the third quarter ended December 31, 2025. The call was held on January 13, 2026, following the company's quarterly financial results. This disclosure is a routine regulatory requirement under SEBI (LODR) Regulations to ensure transparency for shareholders. Investors can access the recording via the provided link on the company's official website to understand management's commentary on operational performance.
- Earnings conference call for Q3 FY26 concluded on January 13, 2026, at 4:00 PM.
- Audio recording of the session is now publicly available on the company's website.
- The filing is in compliance with Regulation 30 and 46 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
- Follows the initial intimation regarding the analyst meet provided on January 08, 2026.
Krishana Phoschem reported a record-breaking performance for Q3 FY26, with revenue surging 116.8% YoY to βΉ659.1 crore, driven by robust fertilizer demand and strategic trading. Net profit (PAT) increased by 62.3% YoY to βΉ33.3 crore, marking the company's highest-ever quarterly profit. Operational efficiency was strong as NPK/DAP production hit record peaks and SSP units operated consistently above 100% capacity. The company remains on track to commission its NPK/DAP and Sulphuric Acid expansion by March 2026, providing clear growth visibility.
- Q3 FY26 Revenue more than doubled to βΉ659.1 crore, up 116.8% YoY from βΉ304 crore.
- Net Profit (PAT) reached a record βΉ33.3 crore, representing a growth of 62.3% YoY.
- Achieved highest-ever quarterly fertilizer production of 1,13,155 tonnes.
- 9M FY26 PAT stands at βΉ97.1 crore, nearly doubling from βΉ53.7 crore in the previous year.
- Capacity expansion for NPK/DAP and Sulphuric Acid at Meghnagar is on track for March 2026 commissioning.
Krishana Phoschem reported a massive 116.8% YoY increase in revenue from operations, reaching βΉ659.11 crore for the quarter ended December 31, 2025. Net profit for the quarter stood at βΉ33.32 crore, a 62.3% growth compared to βΉ20.53 crore in the same period last year. On a sequential basis, revenue grew by 8.4%, while net profit remained relatively flat due to a higher effective tax rate of 30% now applicable to the company. For the nine-month period, revenue nearly doubled from βΉ885.36 crore to βΉ1,662.51 crore, showing strong business momentum.
- Revenue from operations jumped 116.8% YoY to βΉ659.11 crore in Q3 FY26 compared to βΉ304.03 crore in Q3 FY25.
- Net profit increased by 62.3% YoY to βΉ33.32 crore, up from βΉ20.53 crore in the previous year's corresponding quarter.
- 9-month revenue reached βΉ1,662.51 crore, surpassing the previous year's 9-month figure of βΉ885.36 crore by 87.8%.
- The company is now subject to a 30% corporate tax rate as turnover exceeded βΉ400 crore in FY24, impacting net margins.
- Basic EPS for the quarter improved to βΉ5.39 from βΉ3.32 in the corresponding quarter of the previous year.
Krishana Phoschem Limited has scheduled its earnings conference call for Tuesday, January 13, 2026, at 4:00 PM IST. The call is intended to discuss the company's financial performance for the third quarter and the nine-month period ending December 31, 2025. Key management personnel, including the Promoter/Director and the CFO, will be present to address investor queries. This is a standard regulatory procedure following the conclusion of the financial quarter.
- Earnings call scheduled for January 13, 2026, at 16:00 hrs IST.
- Focus on Unaudited Financial Results for the quarter and nine months ended December 31, 2025.
- Management participants include Mr. Praveen Ostwal (Promoter & Director) and Mr. Sunil Kothari (CFO).
- Universal dial-in numbers provided are +91 22 6280 1341 and +91 22 7115 8242.
Krishana Phoschem Limited has filed its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018, for the period ended December 31, 2025. The certificate, issued by the company's Registrar and Share Transfer Agent, MUFG Intime India Pvt. Ltd., confirms adherence to dematerialization procedures. Interestingly, the RTA noted that they received zero demat requests for processing during this specific quarter. This filing is a standard regulatory requirement to ensure the integrity of the shareholding records.
- Compliance certificate submitted for the quarter ended December 31, 2025.
- Issued by Registrar and Share Transfer Agent, MUFG Intime India Pvt. Ltd. (formerly Link Intime).
- RTA confirmed that zero demat requests were received for processing during the quarter.
- Confirmation provided regarding the substitution of depository names in the register of members where applicable.
Krishana Phoschem Limited has announced the closure of its trading window for all designated persons starting January 1, 2026. This move is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, ahead of the declaration of un-audited financial results for the quarter ending December 31, 2025. The window will remain closed until 48 hours after the financial results are officially announced to the exchange. The specific date for the board meeting to approve these results will be communicated in due course.
- Trading window closure commences on January 1, 2026
- Closure pertains to the un-audited financial results for the quarter ended December 31, 2025
- Trading window will re-open 48 hours after the results are announced
- Applies to all Designated Persons as per SEBI insider trading regulations
Krishana Phoschem Limited has been served a penalty order of βΉ13,48,884 by the CGST & Central Excise authority in Ratlam. The penalty is related to alleged wrongful availment of Input Tax Credit (ITC) under Section 74 of the CGST Act. While the financial impact is restricted to the penalty amount, the company has stated there is no disruption to its operations. Management intends to contest the order and is currently in the process of filing an appeal.
- Penalty of βΉ13,48,884 imposed by the Superintendent, CGST & Central Excise, Ratlam.
- Allegation involves wrongful availment of Input Tax Credit under Section 122(1)(vii) of the CGST Act.
- Company confirms no impact on business operations or other activities due to this order.
- Krishana Phoschem is contesting the order and is in the process of filing a formal appeal.
Krishana Phoschem has entered into a Selling and Marketing agreement with Green Agrevolution Private Limited (DeHaat) to expand its market reach. The agreement involves selling and marketing agri-inputs through DeHaatβs distribution network. There is no upfront payment involved in this agreement. The company anticipates a meaningful revenue contribution from this agreement. This partnership aims to provide customers with an assured supply of agri-inputs and expand Krishana Phoschem's presence in the market.
- Agreement with Green Agrevolution Private Limited (DeHaat)
- Selling and Marketing of agri-Inputs through DeHaatβs distribution Network
- No upfront payment involved in this agreement
- Expects meaningful revenue contribution from this agreement
Krishana Phoschem Limited informed the exchange about the outcome of its Analysts/Investor meeting held on December 02, 2025. The meeting involved a Q&A format with analysts and investors. No presentation was made by the company officials. The company confirmed that no Unpublished Price Sensitive Information (UPSI) was shared during the interactions.
- Analysts/Investor meeting held on December 02, 2025
- Meeting duration: 01.00 PM to 02.00 P.M
- Virtual meeting with Analyst(s)/Investor(s) Group
Financial Performance
Revenue Growth by Segment
Total revenue grew 47.8% YoY to INR 1,366 Cr in FY25 from INR 924 Cr in FY24. In Q2 FY26, the trading segment's contribution to total revenue increased significantly to 20-22%, up from approximately 4.5% in previous periods.
Geographic Revenue Split
The company is expanding its national reach by entering new states and industrial zones, including a strategic expansion into Meghnagar, Madhya Pradesh, to mitigate seasonal demand fluctuations.
Profitability Margins
The company targets a consistent operating margin of 13-14%. Manufacturing margins are currently 11-12%, while trading margins are significantly lower at approximately 2%. PAT margins were exceptionally high at 20-21% in FY23.
EBITDA Margin
Q2 FY26 saw record EBITDA. For SSP, the EBITDA per tonne is approximately INR 1,900 to INR 2,000 on a realization of INR 17,000 (approx. 11.5%). For NPK, the EBITDA per tonne is over INR 6,000.
Capital Expenditure
The company has tied up debt for expansion projects and expects healthy cash accruals of over INR 80 Cr in FY26 and FY27 to fund capital expenditure and incremental working capital.
Credit Rating & Borrowing
The company maintains a healthy credit profile with a CRISIL A/Stable/CRISIL A1 rating. Fund-based limits were utilized at an average of 37% through March 2025.
Operational Drivers
Raw Materials
Sulphur is a primary raw material, representing a significant portion of input costs and subject to high price volatility.
Import Sources
The company has imported and started trading certain grades of NPK to meet market demand and expand its product portfolio.
Key Suppliers
The company relies on well-established vendors and engineers for its 19-20 expansion and diversification projects, though specific supplier names are not disclosed.
Capacity Expansion
The company added DAP-NPK capacity in 2023 and is currently ramping up utilization of these phosphatic fertiliser plants. It is also expanding operations in Meghnagar, M.P.
Raw Material Costs
Raw material costs are managed through long-term supply deals and backward integration. Volatility in Sulphur prices is a key risk that the company mitigates through government subsidies and cost-regulation strategies.
Manufacturing Efficiency
The company is focused on operational excellence and ramping up capacity utilization of recently established DAP/NPK plants to drive growth.
Logistics & Distribution
The company is building new plants in industrial zones to reduce market concentration and increase national reach, optimizing its distribution network.
Strategic Growth
Expected Growth Rate
9.80%
Growth Strategy
Growth will be achieved by targeting a revenue top-line of INR 1,500 Cr, driven by the ramp-up of the DAP/NPK manufacturing segment and increasing the trading turnover (currently 20-22% of revenue). The company is also expanding into new states and industrial zones.
Products & Services
Single Super Phosphate (SSP), NPK (Nitrogen, Phosphorus, Potassium) fertilizers, and specialty chemicals.
Brand Portfolio
Krishana Phoschem Limited, part of the Ostwal Group of Industries.
New Products/Services
Imported NPK grades for trading now contribute 20-22% of total revenue, up from 4.5%.
Market Expansion
Expansion into Meghnagar, M.P., and other new states to increase national reach and reduce geographical concentration risks.
Strategic Alliances
Strong operational and financial linkages with the parent company, Ostwal Phoschem India Ltd (OPIL).
External Factors
Industry Trends
The Indian fertilizer industry is moving toward self-sufficiency. KPL is positioning itself by shifting focus from DAP to NPK production to meet strong market demand.
Competitive Landscape
Faces aggressive competition from both imported and domestic fertilizer players.
Competitive Moat
The company's moat is built on backward integration, which regulates costs, and its established position in the SSP industry as part of the Ostwal Group.
Macro Economic Sensitivity
Highly sensitive to Indian government agricultural policies and the timely disbursement of fertilizer subsidies.
Consumer Behavior
Demand is highly seasonal, with sales predominantly occurring before the sowing seasons.
Geopolitical Risks
Global volatility in raw material prices (Sulphur) can lead to unprecedented cost hikes.
Regulatory & Governance
Industry Regulations
The industry is highly controlled by the government due to its importance to food grain production; KPL is susceptible to regulatory changes in subsidy amounts and pricing.
Environmental Compliance
The company spent INR 94.56 Lakhs on CSR activities in FY25, exceeding the required INR 93.86 Lakhs.
Legal Contingencies
The independent auditor's report for FY25 issued a clean opinion, stating that internal financial controls were operating effectively as of March 31, 2025.
Risk Analysis
Key Uncertainties
Delays in government subsidy disbursements could lead to high reliance on working capital loans and increased financial pressure.
Geographic Concentration Risk
Currently expanding to new states to reduce the risk of market concentration.
Third Party Dependencies
Relies on long-term supply deals for volatile raw materials like Sulphur to mitigate price escalation.
Technology Obsolescence Risk
Mitigated by consistent improvements in production methods and exploration of advanced specialty chemical sectors.
Credit & Counterparty Risk
Exposure to the Government of India for subsidy receivables is a primary counterparty risk.