Meghmani Organics Q3 FY25 revenue up 62% on the back of healthy volume growth in both the segments

Meghmani Organics Limited (MOL) (BSE: 543331, NSE: MOL), a fully integrated diversified chemical company announced its financial results for the third quarter ended 31 December 2024 (Q3 FY25).

Financial Results (Standalone):

For the quarter under review, revenue from operations stood at INR 558.0 crore, up by 62% YoY on the back of improved product mix and healthy volume growth witnessed in both the segments. EBITDA for the quarter grew to INR 60.4 crore, compared to a negative EBITDA of INR 0.4 crore in the same quarter previous year.

Crop Protection constitutes ~74% of the overall company’s revenue in Q3 FY25. Revenue and EBITDA for the segment stood at INR 410.5 crore and INR 61.2 crore, up by 72% YoY and 1,095% YoY respectively.

Pigments constitutes ~26% of the overall company’s revenue in Q3 FY25. Revenue and EBITDA for the segment stood at INR 147.5 crore and INR 5.2 crore, up by 40% YoY and 479% YoY respectively.

For the nine months ended 31 December 2024 (9M FY25), Revenue from operations stood at INR 1,501.8 crore as compared to INR 1,140.0 crore in the corresponding previous year, up by 32% YoY. EBITDA grew to INR 115.8 crore in 9M FY25 against a negative EBITDA of INR 0.7 crore in the corresponding previous year.

Commenting on Q3 FY25 performance, Mr. Ankit Patel, Chairman & Managing Director said ″Our improved revenue and profitability was on the back of better product mix and continued growth momentum witnessed in both the segments during the quarter. Our revenue grew 62% YoY to INR 558 crore while our profit after tax stood at INR 30.2 crore against a loss of INR 27.2 crore in the same quarter previous year.

In our Crop Nutrition segment, we have signed MoU with Hindustan Insecticides Limited (HIL) for pan India marketing of Nano Urea and are also conducting extensive field activities with farmers showcasing the efficacy of Meghmani Nano Urea on different crops.″