Dharmaj Crop Guard Q2 FY27: revenue down 4.2% to ₹333 Cr, net profit down 23.8% to ₹13 Cr
Results · Finvezto · 6 Nov 2026 · Dharmaj Crop Guard (DHARMAJ)
Results Q2 FY27, ₹ Cr
| Q2 FY27 | ₹ Cr | QoQ | YoY |
|---|---|---|---|
| Revenue | 333 | - | -4.2% |
| Operating profit | 24 | - | -23.9% |
| Net profit | 13 | - | -23.8% |
| Operating margin | 7.3% | - | -1.9 pp |
| Net margin | 4.0% | - | -1.0 pp |
YoY is the company's own figure. QoQ shows where our quarterly series matches the filing.
Key points
- In Q2 FY27, revenue declined 4% year-on-year to Rs 332.6 crore while H1 FY27 revenue remained flat at Rs 716.7 crore, supported by resilient formulation and export businesses. Earnings call
- EBITDA margin for Q2 FY27 contracted to 7.3% from 9.2% in Q2 FY26 due to higher raw material input costs flowing through inventory and tepid margins in the technical segment. Earnings call
- For H1 FY27, export revenue grew 50% year-on-year to Rs 60 crore, increasing its share to 8% of total revenue compared to 6% in H1 FY26. Earnings call
What to watch
- Management on fy27 revenue growth: Taking all of this into account, we now expect to deliver single-digit revenue growth for FY27 as follows:
- Management on dharmaj 2030 vision: Our Dharmaj 2030 vision of Rs 2,000 crore top- line remains our central goal and we are on track to deliver it.
Links
Company page · Results tracker
Anand Ganapathy K | SEBI Registered Research Analyst | INH000016630.