Dhanuka Agritech Q2 FY26 Profit Falls 20% YoY to ₹93.97 Crore; Revenue Down 8.6%

New Delhi, October 31, 2025: Dhanuka Agritech Ltd (BSE: 507717; NSE: DHANUKA) reported a 20.1% year-on-year (YoY) decline in consolidated net profit to ₹93.97 crore for the quarter ended September 30, 2025, compared with ₹117.52 crore in Q2 FY25. The agrochemical company’s topline also contracted amid softer demand and margin pressures.

Dhanuka Agritech Ltd, headquartered in Gurugram, is one of India’s leading agrochemical companies engaged in manufacturing and marketing crop protection products, including herbicides, fungicides, and insecticides. The company’s shares are listed on the BSE and NSE, with a face value of ₹2 per share. It caters to over 10 million farmers through a wide distribution network across India.

Quarterly Performance (Q2 FY26)

Dhanuka Agritech Ltd reported a sequential recovery in the September quarter with revenue from operations rising 13.2% quarter-on-quarter (QoQ) to ₹59,824.81 lakh, though it remained 8.6% lower year-on-year (YoY) compared with ₹65,427.84 lakh in Q2 FY25.

Total income stood at ₹60,456.55 lakh, down 9.1% YoY, but up 12.7% QoQ. Total expenses declined 5.9% YoY to ₹47,859.30 lakh, supported by cost control measures, while rising 3.6% QoQ.

Profit before tax came in at ₹12,597.25 lakh, a 19.6% drop YoY, though it nearly doubled sequentially with a 68.9% QoQ rise. The company’s net profit stood at ₹9,396.55 lakh, down 20.1% YoY, but showing a sharp 69.3% improvement QoQ. Basic earnings per share (EPS) for the quarter were ₹20.85, compared with ₹25.83 a year ago and ₹12.31 in the June quarter.

Half-Yearly Performance (H1 FY26)

For the first half of FY26, Dhanuka Agritech reported revenue of ₹1,12,653.62 lakh, marginally lower by 1.9% YoY. Net profit for the period stood at ₹14,946.89 lakh, reflecting a 10.2% decline from ₹16,641.33 lakh in the same period last year. Basic EPS came in at ₹33.16, compared with ₹36.56 in H1 FY25.

Operational Highlights

• Material costs rose 2.4% YoY to ₹34,389 lakh, driven by higher input prices.
• Other expenses were slightly lower at ₹6,936 lakh, compared to ₹6,969 lakh a year earlier.
• Finance costs dropped to ₹81.97 lakh from ₹105.12 lakh, reflecting improved cost management.
• Depreciation increased to ₹1,625.94 lakh from ₹1,267.20 lakh, indicating continued investments in assets.

Share Price Update

As of 1:11 PM, the share price of Dhanuka Agritech Ltd was trading at ₹1,400, a 3.18% dip on Friday. Shares of Dhanuka Agritech Ltd opened at ₹1,440.00 on Friday and touched an intraday high of ₹1,470.00 before slipping to a low of ₹1,395.50.

The company’s market capitalization stood at ₹6,310 crore, with a price-to-earnings (P/E) ratio of 20.86. The stock has a dividend yield of 0.14%. Over the past year, the shares have traded between a 52-week high of ₹1,975.00 and a low of ₹1,092.05. The company declared a quarterly dividend of ₹0.49 per share.

REF: https://www.bseindia.com/xml-data/corpfiling/AttachLive/07732d33-c382-4333-96df-e28ae835d9f0.pdf

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