Interim report
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CHAMBAL FERTILISERS AND CHEMICALS LIMITED Corporate One, First Floor, 5, Commercial Centre, Jasola, New Delhi - 110 025 • Tel.: 91-11-46581300, 41697900 • Fax: 91-11-40638679 Email : corporate@chambal.in • www.chambalfertilisers.com • CIN: L24124RJ1985PLC003293 Regd. Office : Gadepan, District Kota, Rajasthan -325 208 Tel No.: 91-744-2782915; Fax No : 91-7455-274130 Ref. No.: CFCL/SE/2026-27/59 November 3, 2026 BSE Limited Phiroze Jeejeebhoy Towers, 25th Floor, Dalal Street Mumbai - 400 001 National Stock Exchange of India Limited Exchange Plaza, C-1, Block G, Bandra Kurla Complex, Bandra (E) Mumbai - 400 051 Dear Sir, In continuation to our letter dated October 22 , 2026, and pursuant to Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform you that the Board of Directors of the Company at its meeting held today, i.e. on November 3, 2026, inter-alia, considered and approved the following: i) Unaudited standalone and consolidated financial results of the Company for the quarter and six months ended September 30, 2026; and ii) Limited Review Reports submitted by the Auditor of the Company on standalone and consolidated financial Results. Further, in continuation to our letter no. CFCL/SE/2026-27/57 dated October 30, 2026, the Board of Directors has also declared an interim dividend of Rs. 5.00 per equity share of Rs. 10 each of the Company (i.e. @ 50%). The interim dividend shall be paid/dispatched on or before December 2, 2026. The meeting of the Board of Directors of the Company commenced at 14:30 Hours IST and concluded at 15:40 Hours IST on November 3, 2026. You are requested to notify your constituents accordingly. Thanking you, Yours faithfully, For Chambal Fertilisers and Chemicals Limited (Tridib Barat) Vice President - Legal & Company Secretary Encl.: As above. (i)
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Price Waterhouse Chartered Accountants LLP Review Report To The Board of Directors Chambal Fertilisers and Chemicals Limited Corporate One, First Floor, 5, Commer cial Centre Jasola , New Dclhi-110025 1. We have reviewed the standa lone unaudited financial results of Chambal Fe1iiliscrs and Chemicals Limited (the "Company") for the quarter ended September 30, 2026 and the year to date results for the period April 01, 2026 to September 30, 2026, which are included in the accompanying 'Statement of Standalone Unaudited Financial Results for the quarter and six months ended September 30, 2026', 'the Standalone Balance Sheet as on that date ' and 'the Standalone Statement of Cash Flows for the period from April 01, 2026 to September 30, 2026 ' (the "Statement") . The Statement has been prepared by the Company pursuant to Regulation 33 and Regulation 52 of the SEBI (Listing Obligations and Disclosure Requirem ents) Regulations, 2015, as amended (the "Listing Regulations, 2015") read with Part B of Chapter XVII - 'Listing of Commercial Paper' of the SEBI Operational Circular SEBI/HO / DDHS/ P/ CIR/ 2021/ 613 dated August 10, 2021, as updated, which has been initialled by us for identification purposes. The Statement is the responsibility of the Company's Management and has been approved by the Board of Directors . Our respon sibility is to issue a report on the Stat ement based on our review. 2. We condu cted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, "Review of Interim Financial Information Performed by the Independ ent Auditor of the Entity" issued by the Institute of Chartered Accountants of India. This Standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. 3. A review is limited p,;marily to inquiries of Compan y personnel and analytical procedures applied to financial data and thus provides less assurance than an audit. We have not performed an aud it and accordingly, we do not express an audit opinion. 4. Based on our review conduct ed as above, nothing has come to our attention that causes us to believe that the accompanying Statement prepar ed in accordance with the applicable Accounting Standards prescribed under Section 133 of the Compan ies Act, 2013 and other recognised account ing practices and policies has not disclosed the information required to be disclosed in terms of Regulation 33 and Regulation 52 of the Listing Regulations , 2015 rnad with Part B of Chapter XVII - 'Listing of Commercial Paper ' of the SEBI Operational Circular SEBI/ HO/ DDHS/P /CIR/ 2021/ 613 dated August 10, 2021, as updated , including the manner in which it is to be disclosed , or that it contains any material misstatement. For Price Wate1·hou sc Chartered Accoun tants LLP Firm Registration Number: 012754N/ N500016 S Chaddha Pa ne Mem ership Number: 096137 UDIN: 26096 137DQJRIZ8481 Place: New Delhi Date: November 03, 2026 Price Waterhouse Chartered Accountants LLP, Building No. 8, 8th Floor, Tower - B, DLJ:I Cyber Cicy, Gurugram - 122 002 T: +91 (124) 6169910 Roglslorod olflco ond Hoid office: 11-A, Vishnu Dlgamber Morg, Sucholo Bhowon, Now Delhi • 110002 Price Wo101hou•o (o Parln orshlp Firm) converlod lnlo Prlco Walorhou•o Chorlorod Accounlan ls LLP (o LlmilCd Liob1ll1y Partnership w1lh LLP idonlily no: LLPIN M C-5001) wlll1 elfec 1 from July 25, 2014. Post Its conve1slor1 10 Price Walerhou&o ChMore d Accoun1ar1Is LLP, 11& ICAI rog,slrolion numb•r I• D1 2754N/N500016 (ICAI rcgislrollon nurnbor before conversion was 012764N)
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Chambal Fertilisers and Chem icals Limited CIN L24124RJ1985PLC003293 Registerod Office . Gadepan, District - Kota (Rajasthan ). PIN-325208 Telephone No.: 0744-27829 15, Fax: 07455-274130 E-mall : 1sc@chanibal In, Website: www chambalfert1hsers.coQJ STATEMENT OF STANDALONE UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND SIX MONTHS ENDED SEPTEMBER 30, 2026 (Rs. In Crore) s. Particulars I Quarter Ended Six Months Ended Year Ended I No. I 30.09.2026 30.06.2026 I 30.09.2025 30.09.2026 30.09.2025 31.03.2026 (Unaudited) (Unaudited) (Unaud ited) (Unaudited) (Unaud ited) (Audited) I Revenue from Operations 6,999.46 5,027.02 6,412.76 12,026.48 12,110.37 20,793.66 II Other Income I 51.06 181 .60 40.44 232.66 208.69 251.25 Ill Total Income (1+11) 7,050.52 5,208 .62 6,453.20 12,259.14 12,319.06 21,044.9 1 IV Expenses I 1.482.39 1 (a) Cost of Materials Consumed 2,479.16 1,522.0 1 3,961.55 3,026.48 5,958.65 (b) Purchases of Stock-in-Trade 2,289.65 2,440 .71 2,968.81 4,730.36 5,253.00 7,784.85 (c) Changes in Inventories of Finished Goods, Stock-in-Trade and Work- in-Progress (401.93) (944,43) (161.86) (1 ,346.36) (252.35) (450.29) (d) Employee Benefits Expense 72.98 70.18 64.47 143, 16 126,08 287,30 (e) Finance Costs 22.40 16,77 0.89 39,17 3.32 6.81 (f) Depreciation and Amort isation Expense 100.38 89.06 86.64 189,44 171.10 348.96 (g) Other Expenses 1,658.66 1, 127,35 1,177.48 2.786,01 2,354.08 4,533.94 Total Expenses (IV) 6,221.30 4,282 .03 5,658.44 10,503.33 10,681.71 18,470.22 V Profit Before Tax (Ill-IV) 829.22 926 .59 794.76 1,755.81 1,637.35 2,574.69 VI I Tax Expense: • Current Tax I 217.06 210,50 227.31 427.56 455.00 758.68 • Deferred Tax (22.79) 12,60 (34.32) (10.19) (57.39) (133.66) Total Tax Expense (VI) 194.27 223.10 192.99 417.37 397.61 625.02 VII Profit for the Period (V-VI) 634.95 703.49 601.77 1,338.44 1,239 .74 1,949.67 VIII Other Comprehensive Income (OCI) I A. (I) items that will not be re-ciass1fied I to Profit or Loss· • Re-measurement Gain on Defined Benefit Plans 0.43 0.44 0.14 0.87 0.29 1.75 (ii) Income Tax (Charge) relating to items that will not be re-classified to Profit or Loss (0,10) (0.11) (0.03) (0.21) (0.07) (0.44) B. (i) Items that will be re-classified to Profit or Loss : I - Effective Portion of Exchange Difference Gain on Hedging Instruments . - . . - 2.62 • Effective Portion of Exchange Difference Loss on Hedging Instruments re-classified to Profit or Loss 12.53 9.92 54,10 22.45 108.19 134.35 (ii) income Tax (Charge) relating to Items that w,11 be re-classified to Profit or Loss (3.02) (2.39) (13.13) (5,41) (26.27) (34.47) OCI for the Period (Net of Tax) (VIII ) 9.84 7.86 41.08 17.70 82.14 103.81 IX Total Comprehensive Income for tho ' Period (VII + VIII) (Comprising Profit I and Othor Comprehens ive Incom e for the Period) 644.79 711.35 642.85 1,356.14 1,321.88 2,053.48 X Paid up Equity Share Capital (Face Value of Rs.10/- per share) 400,65 400.65 400.65 400.65 400.65 400.65 XI Other Equity I 9,786.64 ·- /_ " ~ ., • Ch•rt""rd~ ~ .. ,.'t ' \.p\N:~C- ~i'\ «. .. ~ \,. I ~ i ~ ~ ~ .. • ,_, Dt,11 •Ntt41~"-"-,.,,,...I:' .,.,1,..-ll ~"• •' l~ ruKf•"'
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XII Earnings per Equity Share: n .ss I 48.66 I (i) Basic (Rs.) 15.85 15.02 33.41 30.94 (ii) Diluted (Rs.) 15.85 17.56 15.02 33.41 30.94 48.66 (Not (Not (Not (Not (Not Annu alis ed) Annualised) Ann ualis ed) Annualised) Annual ised)
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I I I I STANDALONE SEGMENT WISE REVENUE , RESULTS, ASSETS AND LIAB ILITIES (Rs. in Croro) s. Particulars Quarter Ended Six Months Ended No. 30.09.2026 30.06.2026 30.09.2025 L 30.09.2026 30.09.2025 Year Ended I 31.03.2026 s. No (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited) 1 Segment Revenue a) Own Manufactured Fertilisers 4,629.21 2,859.98 3,317.43 7,489.19 6,425.93 12,565.61 b) Complex Fertilisers 1,978.21 1,736.66 2,721.27 3,714.87 4,852.14 7,025.14 c) Crop Protection Chemicals, Speciality Nutrients and Seeds 325.13 430.38 374.06 755.51 832.30 1,202.91 d) Technical Ammonium Nitrate 66.91 . . 66.91 . - e) Others - . - - - - Total (a to e) 6,999.46 5,027.02 6,412.76 12,026.48 12,110.37 20,793 .66 Less Inter Segment Revenue - . . - - - Revenue from Operations 6,999.46 5,027.02 6,412.76 12,026.48 12,110.37 20,793.66 2 Segment Res ults Profit before Finance Costs and Tax from each Segment a) Own Manufactured Fertilisers 668.48 431 .77 552.64 1,100.25 1,013.93 1,845.08 b) Complex Fertilisers 78.49 238.71 124.22 317.20 267.09 281 .35 c) Crop Protection Chemicals . Speciality Nutrients and Seeds 87.01 108.35 104.25 195.36 200.37 283.02 d) Technical Ammonium Nitrate 12.03 . . 12.03 . . e) Others . . - . - . Total (a to e) 846.01 778.83 781.11 1,624.84 1,481.39 2,409.45 Less. I) Finance Costs 22.40 16.77 0.89 39.17 3.32 6.81 Ii) Unallocable Expenditure (172.05) I Net off Unallocable Income (5.61) (164,53) (1 4.54) (170.14) (159.28) Profit before Tax 829.22 926.59 794.76 1,755.81 1,637.35 2,574.69 (Rs. In Cror e) Particular s As at 30.09.2026 30.06.2026 30.09.2025 30.09.2026 30.09.2025 31.03.2026 (Unaudit ed) (Unaudited) (Unaud ited) (Unau dited) (Unaudited) (Audited) 1 Segment Assets a) Own Manufactured Fertilisers 10,917.16 9,028.51 7,271.62 10,917.16 7,271.62 8,442.93 b) Complex Fertilisers 4,904.85 4,339.90 3,615.87 4,904.85 3,615.87 2,746.43 c) Crop Protection Chemicals, Speciality Nutrients and Seeds 363.24 475.81 320.09 363.24 320.09 247.29 d) Technical Ammonium Nitrate 1,534.18 . . 1,534.18 . . e) Others - 1,346.05 1,131.29 - 1,131 .29 1,292.53 f) Unallocated Assets (Including Fixed Deposits and Investment 1,262.49 1 In Mutual Funds and Bonds) 599.29 1,212.44 599.29 1,262.49 1,379.16 Total Segment Assets (a to f) 18,318.72 16,402.71 13,601.36 I 18,318.72 13,601.36 14,108.34 2 Segment Liabilities I a) Own Manufactured Fertilisers 1,856.07 1,458.04 1,386.30 1,856.07 1,386.30 1,078.70 b) Complex Fertilisers 1,532.43 1,271 .30 708.98 1,532.43 708.98 371.02 c) Crop Protection Chemicals, Speciality Nutrients and Seeds 163.16 144,76 162.81 163.16 162.81 69.54 d) Technical Ammonium Nitrate 256 .58 . . 256.58 . . e) Others - 90.29 1 78.93 . 78.93 54.26 f) Unallocated Liabilities (Including Deferred Tax Uab1litles and 1,608.35 1 Borrowings from Banks) 3,207.45 2,539.69 3,207.45 1,608.35 2,347.53 Total Segment Liabilities (a to f) 7,015.69 5,504.08 3,945.37 7,015.69 3,945.37 3,921.05 As defined by Ind AS-108, 'Operating Segments', the Chief Operating Decision Maker (CODM) of the Company had Identified and determined the business into reportable segments namely (a) Own Manufactured Fertilisers, (bl Complex Fertilisers, (c) Crop Protection Chemicals, Speciality Nutrients and Seeds, (d) Technical Ammoniu m Nitrate (TAN), and (e) Others. As the Company has started commer a separate segment which was ear11 oductlon of TAN plant with effect from August 20, 2026, accordingly TAN has been shown as '\ ~
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STANDALONE BALANCE SHEET (Rs. In Crore) s. Particulars As at No. 30.09.2026 31.03.2026 I (Unaud ited) (Aud ited) A. ASSETS (1) Non-Current Assets a) Property, Plant and Equipment 7,491.81 6,090.95 b) Right-of-Use Assets 9.77 11 .05 c) Capital Work-In-Progress 61 .19 1,388.69 d) Other Intangible Assets 6.92 7.52 e) Intangible Assets Under Development - 0,19 f) Financial Assets I. Investments 302.93 302.93 11 . Loans O.o2 0.03 iii. Other Financial Assets 58,25 60.81 g) Non-Current Tax Assets (Net) 17.00 17.71 h) Other Non-Current Assets 270.60 282.03 Total Non-Current Assets 8,218.49 8,161.91 (2) Current Assets a) Inventories 3,623,91 2,279.82 b) Financial Assets 1. Investments . 503.39 ii. Trade Receivables 4,817.93 2,075.20 iii. Cash and Cash Equivalents 207.14 306.96 1v, Bank Balances other than (111) above 56.97 236.45 v. Loans 0.01 0.01 vi. Other Financial Assets 818,90 165.24 C) Other Current Assets 574.39 378.47 d) Assets classified as Held for sale 0.98 0.89 Total Current Assets 10,100.23 5,946.43 Total Assets 18,318.72 14,108.34 B. EQUITY AND LIABILITI ES (1) EQUITY a) Equity Share Capital 400,65 400.65 b) Other Equity 10,902.38 9,786.64 Total Equity 11,303.03 10,187.29 (2) LIABILITIES (I) Non-Current Liabil ities a) Financial Liabilities i. Lease Liabilities 6.10 7.73 11. Other Financial Liabilities 14.35 14.23 b) Provisions 28.64 26.41 C) Deferred Tax Liab1lit1es (Net) 1,308.46 1,313.02 d) Other Non-Current Liabilities 4.34 4.51 Total Non-Current Liabilities 1,361.89 1,365.90 (II) Current Liabiliti es a) Financial Liabilities i. Borrowings 1,668.09 963.07 ii. Lease Liabilities 5.58 5.34 Ill. Trade Payables a) total outstanding dues of micro enterprises and small enterprises; and 38.95 36.70 b) total outstanding dues of creditors other than micro enterprises and small enterprises 3,027.07 899.67 iv. Other Financial Liabilities 631.33 490.83 b) Other Current Liabilities 82,72 90,40 c) Provisions 49.38 48.45 d) Current Tax Liabilities (Net) 150,68 20,69 Total Current Liabilities 5,653.80 2,555.15 Total Liabil ities 7,015.69 3,921.05 Total Equity and Liabilities ,,...._ 18,318.72 14,108.34 I ~ •• c~;, ~ •I ;~~pll; AAC:. 01 \\ 'J ,~ . .. ,, ~ 4 •Nlt<~dJ!:. 1\1\I;" .,., ,_.,tl
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STANDALONE STATEMENT OF CASH FLOWS (Rs. in Crorc) s. Particulars Six Months Ended No. 30.09.2026 30.09.2025 (Unaudltod) (Unaudited) A. I Cash Flow from Oporating Activ ities Profit Boforo Tax 1,755.81 1,637.35 Adjustments for: Depreciation and Amortisation Expense 189,44 171.10 (Gain) on Sale or Current Investments (17.99) (30.18) Fair Value (Gain) on Financ ial Assets measured at Fair Value through Profit or Loss - (5.31) Reversal of Fair Value Loss on Financial Assets measured at Fair Value through Profit or Loss, recognised in earlier years - (0, 14) Fair Value Loss / (Gain) on Derivatives not Designated as Hedge 10.06 (13.14) Un-realised Foreign Exchange Variation Loss 0.14 4.80 Realised Foreign Exchange Variation (Gain) / Loss (14.09) 6.07 Effective Portion of Exchange Difference Loss on Hedging Instruments re-classified to Profit or Loss 22.45 108.19 Loss on Disposal / Write off of Property, Plant and Equipment (Net) and Right-of-Use Assets 1,28 1.22 Allowance for Doubtful Debts and Advances (Net) 3.27 1.01 Inventories 111/ritten off 0.02 0.01 Liab1lit1es no Longer Requir ed Written back 0.00 . Catalyst Charges Written off 5,41 3.87 Irrecove rable Balances Written off . 0.00 Finance Costs (Interest and Premium) 33.06 0.52 Interest (Income) (5.86) (11.32) Dividend (Income) on Investment in Joint Venture (154.82) (125.03) D1v1dend (Income) on Other Non-Current Investment (0.00) (0.00) - Operating Profit before Working Capital Changes 1,828.18 1,749.02 Working Capital AdJustments. (Increase) in Inventories (1 ,348.88) (269.88) (Increase ) in Trade Receivables (2,746.00) (1,893.29) Decrease I (Increase) in Other Financial Assets • Non-Current 2.58 (0.09) I (Increase) In Other Financial Assets • Current (664.83) (30.57) (Increase)/ Decrease in Other Assets • Non-Current (4.39) 0.16 (Increase ) in Other Assets - Current (195.92) (67.07) Increase in Trade Payables 2, 143,65 1,149.75 Increase In Other Financial Liab1llt1es - Non-Current - 11 .37 Increase in Other Financial Liabilities - Current 24.26 8.71 (Decrease) / Increase in Other Liabilities • Non-Current (0.17) 0.56 (Decrease) in Other Liabilities - Current (29.51) (20.91) Increase in Provisions - Non-Current 3.10 0.96 Increase in Provisions - Current 0.93 2.33 Cash (usod in)/ gonerated from Operations (987.00) 641.05 Income Tax Paid (Net of Refunds) (296.18) (293.89) Net Cash Flow (used in)/ generated from Operat ing Activities (1,283.18) 347.16 B. Cash Flow from Invest ing Activities Purchase of Property, Plant and Equipment (133.84) (486 .87) Purchase of Intangible Assets (0.35) (3,83) Proceeds from Disposal / Sale or Property, Plant and Equipment 1.47 1.44 Purchase of Current Investments (8,440.00) (8,200.02) Proceeds from Sale of Current Investments 8,959.43 8,647.25 Proceeds from recovery of Fair Value Loss on Financial Assets measur ed at Fair Value through Profit or Loss, recognised In earlier years 1.96 0.14 Interest Received 6.13 9.95 D1v1dend Received 154.82 125.03 Fixed Deposits matured / (placed) (having original maturity of more than 3 months) 205.75 (203.57 ) Net Cash Flow generated from / (used in) Investing Activiti es 755.37 (110.48) 'I
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I C. Cash Flow from Finan cing Activitios Availment of Supplier 's Credit 667.57 . Repayment of Supplier's Credit (359.39) . Proceeds from Short-Term Borrowings (Net) 395.53 . Repayment of Lease Liabilities (2.96) (2.82) Finance Costs paid (Interest and Premium) (32.37) (0.10) D1v1dend Paid (240.39) (200.33) - Not Cash Flow generat ed from I (usod in) Finan cing Activities 1- 427. 99 (203.25) Not (Docroa so) / Increase In Cash and Cash Equlvalonts (A+B+C ) (99.82) 33.43 Cash and Cash Equivalents at the beginning of the Period 306.96 99.02 Cash and Cash Equivalents at the end of the Period 207.14 132.45 I Components of Cash and Cash Equivalents: Balances with Banks, • on Current Accounts 6.58 0.06 I • on Cash Credit Accounts 200.54 132.38 Cash on hand 0.02 0.01 Total Cash and Cash Equivalents 207.14 132.45 Note s: 1. These standalone financial results have been prepared in accordance with tho Indian Accounting Standards ("Ind AS") prescribed under Companies (Indian Accounting Standards) Rules, 2015, as amended. 2. The standalone finanaal results for the quarter and six months ended September 30, 2026 have been prepared on the basis of notified concession prices for urea under New Urea Policy 2015, New Pricing Scheme - Stage Ill, New Investment Policy 2012 (amended). Modified New Pricing Scheme • Stage • Ill and Uniform Freight Policy, which were further adjusted for input price escalation / de-escalation and energy norms. as estimated on the basis of prescribed norms in line with known policy parameters. The subsidy on Phosphatic and Potassic fertilisers has been accounted for as per concession rates based on Nutrient Based Subsidy Policy and Freight subsidy has been accounted for in line with the applicable policy, notified by Government of India. 3. The Board of Directors of the Company at its meeting held on November 03, 2026, declared an interim dividend of Rs. 5 (i.e .. 50 %) per equity share of Rs.10 each of the Company. 4. The Company has commenced commercial production from its Technical Ammonium Nitrate (TAN) Plant at Gadepan, District Kata, Rajasthan with effect from August 20, 2026 5. Additional information pursuant to Regulation 52(4) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended with respect to Commercial Papers are as follows· s. Parti culars Quarte r Ended Six Months Ended Year Ended No. 30 .09.2026 30.06.2026 30.09.2025 30.09.2026 1 30.09.2025 31.03.2026 - ~(Unaudltodl (Unaudlted j> _(Unaudited) (Unaudited) (Unaudited) (Audited) a) Debt-equity ra110 (in times) 0.15 0.10 NA 0.15 NA 0.09 bl Debt service coverage ratio (in I times) 39.33 74.36 384.71 52.24 403.81 310.15 c) Interest service coverage r;1t10 (in times) 48.40 97.32 2,773.48 65.76 3 170.10 1 890.88 di Current ratio (In times) 1.79 1.99 2.27 1.79 2.27 2.33 e) Long Term Debt to Working Capitol (in times) NA NA NA NA NA NA I) Bad Debts to Account Receivable ratio (in times) 0.00 0.00 0.00 0.00 0.00 0.00 g) Current Liability ratio (In times) 0.81 0.75 0.64 0,81 0.64 0.65 h) Total Debts to Total Assets (In times) 0.09 0.06 NA 0.09 NA 0.07 i) Debtors Turnover (In times) 1.72 1.87 3.02 3.49 9.22 17.02 i) Inventory Turnover (in times) 1.72 1.49 2.81 3.40 5.43 8.83 k) OperatinR Mar1tin (%) 12.10 18.62 12.40 14.83 13.52 12.39 I) Net Protlt Margin (¾) 9.07 13.99 9.38 11.13 10.24 9.38 m) Not Worth (Rs. in Croro) (As per Section 2(57) of Companies Act, 2013) 11 ,332.25 10,937.37 9,722.85 11,332.25 9,722.85 10,233.53 • Details for the quarter ended June 30, 2026 were neither subject to audit or hm1ted review by the Auditors of the Company, 11m
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Formulae for Computation of Ratios are as follows : s. ' Ratios Formulae No. a) Debt-eQuity rauo (in times) Total Debt (Non Current Borrow111gs + Current Borrowings ) Total Eauitv b) I Debt service coverage ratio (In Profit Before Tax + Interest Expense + Deprec1auon + times) Unrealised Foreign Exchange Rate Varnti on and Mark to Mark et Ga111/ Loss on Dcnvat,vc Transactions - Curren t T~x l.ong Term Debt repaid du r ing the period t Repayment of Lease L1ab1ht1es durI1111 the oeriod + Interest Exocnse C) 1 Interest service coverage ratio (In Profi t Before Tax+ Interest Expense times) Interest Expense d) Current ratio (In times) Current Assets Curre nt Liabilities e) Long Term Debi to Working Capital Non Current Borrowings + Current maturities of (m tImes) Non Current Borrowings Current Assets - Current L1ab11ioes - Current Matunt,es of Non Curr ent Borr owings f) Bad Debts to Account receivable Bad Dehl.~ ratio (in times) Average Gross Trade Receivables g) Current Liability ratio (in times) Current LlabI1it1es Tota I l.1ab1h11cs h) I Total Debts to Total Assets (In Total Debl (Non Current Borrow ings+ Current Borrowings ) times) Tot<1I Assets i) Debtors Turnover (in times) Revenue from Operatio ns Average Trade Receivables j) Inventory Turnover (,n times) Cost of Materials Consumed+ Purchases ofScock In Trade+ Changes in Inventori es Average Inventories k) Operating Margin(%) Profit before Tax + Finance Costs Revenue from Operations l) Net Profit Margin (%) Profit dfter Tax Revenue from Oocratlons m) Net Worth Total Equity excludin11 Cash Flow Hedging Reserve and Cao1tal Reserve 6. The standal one finanaal results were reviewed by the Audi t Commi llee, and the Board of Directors have approved the standalone financial results al Its meeting held on November 03. 2026 . The Auditors of the Company have carried out limited review of lhese standalon e financial results. Place : New Delhi Date: Nov ember 03, 2026 By order of the Board Abhay Baljal Managing Director DIN : 0158808 7
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Price Waterhouse Chartered Accountants LLP Review Report To The Board of Directors Chambal Fertilisers and Chemicals Limited Corporate One, First Floor, 5, Commercial Centre, Jaso la, New Dclhi•110025 1. We have reviewed the consolidated unaudited financial results of Chambal Fertilisers and Chemicals Limited (the "Holding Company"), its subsidiaries (the Holding Company and its subsidiaries hereinafter referred to as the "Group"), and its share of the net loss after tax and total comprehensive income of its joint venture (refer paragraph 4 below) for the quart er ended September 30, 2026 and the year to date results for the period April 01, 2026 to September 30, 2026, which are included in the accompanying 'Statement of Consolidated Unaudited Financial Results for the quarter and six months ended September 30, 2026', 'the Consolidated Balance Sheet as on that date' and 'the Consolidated Statement of Cash Flows for the period from April 01, 2026 to September 30, 2026' (the "Statement"). The Statement is being submitted by the Holding Company pursuant to the requirement of Regulation 33 and Regulation 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the "Listing Regulations, 2015") read with Part B of Chapter XVII - 'Listing of Commercial Paper' of the SEBI Operational Circular SEBI/HO/DDHS/P /CIR/2021/613 dated August 10, 2021, as updated, which has been initialled by us for identification purposes. 2. This Statement, which is the responsibility of the Holding Company's Management and has been approved by the Holding Company's Board of Directors, has been prepared in accordance with the recognition and measur ement principl es laid down in Indian Accounting Standard 34 "Interim Financial Reporting", prescribed under Section 133 of the Companies Act, 2013, and other accoun ting principles generally accepted in lndia. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements ('SRE') 2410 "Review of Interim Financial Information Performed by the Independent Auditor of the Entity", issued by the Institute of Chartered Accountants of India. This Standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enab le us to obtain assurance that we would become aware of all significant matt ers that might be identified in an audit. Accordingly, we do not express an audit opinion . We also performed procedures in accordance with the circular issued by the SEBI under Regulation 33(8) of the SEBI (Listing Obligations and Disclos re e uirements) Regulations, 2015, as amended, to the extent applicable. Price Waterhouse Chartered Accounta nts LLP, Building No. 8, 8th Floor, Tower • B, DLF Cyber City, Gurugram • 122 002 T: + 91 (124) 6169910 Registered office ond Head oNlce, t t -A, Vishnu Oignmber Marg, Sucheta Bhawan, Now Deihl • t t 0002 Price Wnterhou •• (a Partnership Firm) converted Into i>rlce Waterhou se Chartered Accountonl s LLP (o Llmitod Liability Porln orshlp with LLP identity no, LLPIN M C•5001) with crreet frnm July 25, 2014. Post Its conver sion to Prlee Wotert1ouse Ctisrtered Accoun tants LLP, Its !CAI registration number Is 012754N/NS00016 (ICAI roglstrotlon number boforo convor:;lon was 012754N)
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4. The State ment includes the resul ts of the following entities: 1. Chambal Fertilisers and Chemicals Limited Subsidiaries and step-down Subsidiaries 2. CFCL Ventures Limited 3. Charnbal Infrastructure Ven lures Limited 4. ISG Novasofl Technologies Limited ,Joint Venture 5. lndo Maroc Phosphorc S.A. • IMACID 5. Based on our review conducted and procedures pexformed as stated in paragraph 3 above and based on the consideration of the review report of the other auditors referred to in paragrap h 6 below, nothing has come to our attention that causes us to believe that the accompanying Statement prepared in accordance with the recognition and measurement princip les laid down in the aforesaid Indian Accounting Standard and other accounting princ iples generally accepted in India, and has not disclosed the information required to be disclosed in terms of Regulation 33 and Regulation 52 of the Listing Regulations, 2015 read with Part B of Chapter XVII• 'Listing of Commercial Paper' of the SEBI Operat ional Circular SEBI/ HO/DD HS/P / CIR/2021 / 613 dated August 10, 2021, as updat ed, includin g the manner in which it is to be disclosed, or that it contains any mater ial misstatement. 6. The consolidated unaudited financial results include the Group's share of net loss after tax of Rs. (3.09) Crore and Rs. (28.19) Crore and total compr ehensive income of Rs. u9 Crore and Rs. (11.67) Crore for the qua1ter ended September 30, 2026 and for the period from April 0 1, 2026 to September 30, 2026, respectively, in respect of one joint venture. The interim financial informati on of the said joint venture has been prepared in accordance with Internat ional Financial Reporting Standards (IFRS) which have been reviewed by the auditors of the said joint venture under the International Standards on Auditing (ISA) and their review report dated October 28, 2026, vide which they have issued an unmodified conclusion. The Holdin g Company 's Management has converted the interim financial informatio n of the said joint venture from the IFRS to the account ing princip les generally accepted in India. We have reviewed these conversion adjustme nts made by the Holding Company 's Managemen t. Our conclusion on the Statem ent, in so far as it relates to the amounts and disclosures includ ed in respect of the said joint venture is based on the review repmt of the other auditors and the conversion adjustme nts prepared by the Holding Company's Management as reviewed by us and the proced ures performed by us as sta ted in paragrap h 3 above. Our conclus ion on the Stateme nt is not modified in respect of the above matte r.
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7. The consolidated unaud ited financial results includes the interim financial information of three subsidiaries which have not been reviewed by their auditors, whose interim financial information reflect total assets of Rs. 19.89 Crore and net assets of Rs. (1,003.10) Crore as at September 30, 2026 and total revenue of Rs. Nil and Rs. Nil, total net profit after tax of Rs. 0.04 Crore and Rs. 0.08 Crore and total comprehensive income of Rs. (0.02) Crore and Rs. 0.03 Crore for the quarter ended September 30, 2026 and for the period from April 01, 2026 to Septemb er 30, 2026, respectively, and cash flows (net) of Rs. (0.20) Crot·e for the period from April 01, 2026 to September 30, 2026, as considered in the consolidated una udited financial results. According to the information and explanatio ns given to us by the Management, these interim financial inform ation are not mater ial to the Group. Our conclusio n on the Statem ent is not modified in respect of the above matt er. For Price Waterhouse Char'lered Accow-1tants LLP Firm Registration Number: 012754N/N500016 s Membership Number: 096137 UDIN: 26096137DRPTUU8238 Place: New Delhi Date: November 03, 2026
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Chambal Fertilisers and Chemicals Limited CIN L24124RJ1985PLC003293 Registered Office : Gadepan, District - Kola (Rajasthan), PIN-325208 Tolophono No.: 0744-27829 15, Fax : 07455-2741 30 E-mail : 1s~@g_hambal I_n, Wobsito : W:!'IW c),ambalfeM,sers ~orn STATEMENT OF CONSOLIDATED UNAUDITED FINANC IAL RESULTS FOR THE QUARTER AND SIX MONTHS ENDED SEPTEMBER 30, 2026 (Rs. In Crore) S. I Particulars Quarter Ended Six Months Ended Year Ended No. 30.09.2026 30.06.2026 30.09.2025 30.09.2026 30.09.2025 31 .03.2026 (Unaudited) (Unaudited) (Un,udited) (Unaudited) (Unaudited) (Audited) I Revenue from Operations 6,999.46 1 5,027.02 6,412.76 12,026.48 12,110.37 20,793.66 II Other Income 51 .23 26.94 40.61 78,17 83.93 126.85 Ill Total Income (1+11) 7,050.69 5,053.96 6,453 .37 12,104.65 12,194.30 20,920.51 IV Expenses (a) Cost or Materials Consumed 2,479.16 1,482.39 1,522.01 3,961.55 3,026.48 5,958.65 (b) Purchases or Stock-in-Trade 2,289.65 2,440.71 2,968.81 4,730.36 5,253.00 7,784.85 (c) Changes In Inventories of Finished Goods, Stock-in-Trade and Work-in-Progress (401 .93) (944.43) (161.86) (1,346.36) (252.35) (450.29) (d) Employee Benefits Expense 72.98 70.18 64.47 143,16 126.08 287.30 (e) Finance Costs 22.40 16.77 0.89 39.17 3.32 6.81 (f) Depreciation and Amortisation Expense 100.39 89.06 86.64 189.45 171.10 348.97 (g) Other Expenses 1,658.75 1,127.46 1,177.60 2,786.21 2,354.46 4,534.66 Total Expenses (IV) 6,221.40 4,282.14 5,658 .56 10,503.54 10,682.09 18,470.95 V Profit Boforo Share of Profit of a Joint 829.29 1 l Venture and Tax (Ill-IV) 771.82 794 .81 1,601.11 1,512.21 2,449.56 VI Share of Not (Loss) / Profit of a Joint Venture (3.09) I (28.19) I Accounted for using tho Equity Mothod (25,10) 46.96 83.08 128,81 VII Profit Boforo Tax (V+VI) 826.20 746.72 841 .77 1,572.92 1,595.29 2,578.37 VIII Tax Exponso : - Current Tax 217,07 210.52 227.34 427.59 455.04 758.76 - Deferred Tax (22.79) 12.60 (34.32) (10.19) (57.39) ( 133.66) Total Tax Exponso (VIII) 194.28 223.12 193.02 417.40 397.65 625.10 IX Profit for tho Poriod (VII-VIII) 631.92 523.60 648,75 1,155.52 1,197.64 1,953.27 X Othor Compreh ensive Income (OCI) A. (i) Items that will not be re-classified to Profit or Loss: I - Re-measure ment Gain on Defined Benefit Plans 0.43 0.44 0.14 0.87 0.29 1.75 (it) Income Tax (Charge) relating to ,terns that will not be re-classified to Profit or Loss (0.10) (0.11) (0.03) (0.21) (0.07) (0,44) B. (i) Items that will be re-classified to Profit or Loss I I • Exchange Difference Gain on Translation of Foreign Operations 3.27 12.39 11, 18 15.66 30.29 21 .47 - Effective Portion of Exchange Difference Gain on Hedging Instruments . . . -I - 2.62 - Effective Portion of Exchange Difference Loss on Hedging Instruments re-classified to Profit or Loss 12.53 9.92 54.10 22.45 108.19 134.35 (ii) Income Tax (Charge) relating to items that will be re-classified to Profit or Loss (3.02) (2.39) (13.13) (5.41) (26.27) (34.47) OCI for tho Period (Not ofTax) (X) 13.11 20.25 52.26 33.36 112.43 125.28 th I
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XI Total Comprehensive Income for the Period I (IX+ X) (Compr ising Profit and Other Comprehensive Income for tho Period) 645.03 543.85 701 .01 1,188.88 1,310.07 2,078.55 ---- Profit for the Period attributable io: I XII a) Owners or the Parent Company ~ 2 523.61 648.76 1,155.53 1,197.72 1,953.39 b) Non-controlling Interest 0) (0.01) (0.01) (0.01) (0.08) (0.12) XIII Other Comprehensive Income for the Period attributable to: a) Owners of the Parent Company 13.34 20.22 52.88 33.56 113.11 127.19 b) Non-contro lling Interest (0.23) 0.03 (0.62) (0.20) (0.68) (1.91) XIV Total Comprehensive Income for the Period attributable to a) Owners of the Parent Company 645.26 543.83 701.64 1,189.09 1.310.83 2,080.58 b) Non-controlling Interest (0.23) 0.02 (0.63) (0.21) (0.76) (2.03) xv Paid up Equity Share Capital (Face Value of Rs.10/- per share) 400.65 400.65 400.65 400.65 400.65 400.65 XVI Other Equity 10,007.30 XVII Eamings per Equity Share . I (1) Basic (Rs.) 15.77 13.07 16.19 28.84 29.89 48.76 (11) Diluted (Rs.) 15.77 13.07 16.19 28.84 29.89 48.76 (Not (Not (Not (Not (Not I I Annuall sed) Annuallsod) Annualised) Annuallsed) Annuall sed)
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CONSOLIDATED SEGMENT WISE REVENUE, RESULTS , ASSETS ANO LIABILITI ES (Rs. in Cron~I s. Particulars Quartor Ended Six Months Endod Year Ended I No. 30.09.2026 30.06 .2026 30.09.2025 30.09.2026 30.09.2025 I 31.03.2026 (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited) 1 Segment Revenue a) Own Manufactured Fertilisers 4,629.21 2,859.98 3,317.43 7,489.19 6,425.93 12,565.61 b) Complex Fertilisers 1,978.21 1,736.66 2,721.27 3,714.87 4,852.14 7,025.14 c) Crop Protection Chemicals, Speciality Nutrients and Seeds 325.13 430.38 374.06 755.51 832.30 1,202.91 d) Technical Ammonium Nitrate 66.91 - - 66.91 - - e) Others - - . . - - Total (a to o) 6,999.46 5,027.02 6,412 .76 12,026.48 12,110.37 20,793.66 Less: Inter Segment Revenue . - . . - - Revenue from Operations 6,999.46 5,027.02 6,412 .76 12,026.48 12,110.37 20,793 .66 2 Sogmont Results I Profit before Finance Costs and Tax from each Segment a) Own Manufactu red Fertilisers I 668.48 431.77 552.64 1,100.25 1,013.93 1,845.08 b) Complex Fertilisers 78.49 238.71 124.22 317.20 267.09 281.35 c) Crop Protection Chemicals , Speciality Nutrients and Scods 87.01 108.35 104.25 195.36 200.37 283.02 d) Technical Ammonium Nitrate 12.03 . . 12.03 . e) Others 0.06 0.05 0.05 0.11 (0.13) (0.12) Total (a too) 846.07 778.88 781 .16 1,624.95 1,481.26 2,409 .33 Less: i) Finance Costs 22.40 16.77 0.89 39.17 3.32 6,81 ii) Unallocable Expenditure Net off Unallocable Income (5.62) (9.71 ) (14.54) (15.33) (34.27) (47.04) Add. Share of Net (Loss)/ Profit of a Joint 83.08 I Venture Accounte d for using the Equity Method (3.09) (25.10) 46.96 (28.19) 128.81 Profit before Tax 826.20 746.72 841.77 1,572.92 1,595.29 2,578.37 (Rs in Crore) s. Particulars As at No. 30.09.2026 30.06.2026 30.09.2025 30.09.2026 30.09.2025 31.03.2026 (Unaudited) Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited) 1 Segment Assets a) Own Manufa ctured Fertilisers 10,917.16 9,028.51 7,271.62 10,917.16 7,271.62 8,442.93 b) Complex Fertilisers 4,904.85 4,339.90 3,615.87 4,904.85 3,615.87 2,746.43 c) Crop Protection Chemicals, Speciality Nutrients and Seeds 363.24 475.81 320,09 363,24 320.09 247.29 d) Technical Ammoni um Nitrate 1,534.18 . - 1,534.18 . - e) Others 19.89 1,365.80 1,150.55 19.89 1,150.55 1,312.28 f) Unallocated Assets (Including Fixed Deposits and Investment In Mutual Funds and Bonds) 707.14 1,319.08 1,494.73 707.14 1,494,73 I 1,653.51 Total Sogmont Assets (a to f) 18,446.46 16,529.10 13,852 .86 18,446.46 13,852.86 14,402.44 2 Sogmont Llabllltlos a) Own Manufactured Fertilisers 1,856.07 1,458.04 1,386.30 1,856.07 1,386.30 1,078 .70 b) Complex Fertilisers 1,532.43 1,271.30 708.98 1,532.43 708.98 371.02 c) Crop Protection Chem icals, Speciality Nutrients and Seeds 163.16 144,76 162.81 163.16 162.81 69.54 d) Technical Ammonium Nitrate 256,58 - - 256.58 . - e) Others 92.40 181.57 164.67 92.40 164.67 145.76 f) Unallocated Liabilities (Including Deferred Tax 1,608.35 I L1abilit1es and Borrowings from Banks) 3,207.45 2,539.69 1,608 .35 3,207.45 2,347.53 Total Segment Llablllties (a to f) 7,108.09 5,595.36 4,031.11 7,108.09 4,031.11 4,01 2.55 As defined by Ind AS-108, 'Operating Segments', the Chief Operating Decision Maker (CODM) of the Group had identified and determined the business into reportable segments namely (a) Own Manufactured Fertilisers, (b) Complex Fertilisers , (cl Crop Protection Chemicals , Specia lity Nutrients and Seeds, (d) Technical Ammonium Nitrate (TAN), and (e) Others . As the Company has started commer • I production of TAN plant with effect from August 20, 2026, accordingly TAN has been shown as a separate segment which was ea r of Others . I
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CONSOLIDATED BALANCE SHEET (Rs in Crore) S. I Particulars As at No. 30.09.2026 31.03.2026 (Unaudited) (Audited) A. I ASSETS 1 Non-C urront Assets a) Property, Plant and Equipment 7,491.81 6,090.95 b) Right-of-Use Assets 9.78 11 .07 c) Capital Work-in-Progress 61.19 1,388.69 d) Other Intangible Assets 6.92 7.52 e) Intangible Assets under Development . 0.19 f) Investmen ts Accounted for Using the Equity Method 410,76 577.25 g) Financial Assets 1. Investments 0.02 0.02 I ii. Loans 0.02 0.03 iii. Other Financial Assets 58,25 60.81 h) Non-Current Tax Assets (Net) 21 .03 21 ,74 i) Other Non-Current Assets 270,60 282.03 Total Non-Current Asset.s 8,330.38 8,440.30 2 Current Assets a) Inventories 3,623 .91 2,279.82 b) Financial Assets 1. Investments . 503.39 ii. Trade Receivables 4,817.93 2,075.20 iii. Cash and Cash Equivalents 207.88 307.90 iv. Bank Balances other than (Iii) above 70.56 249.47 v. Loans 0.01 0.01 v1. Other Financial Assets 819.92 166.49 c) Current Tax Assets (Net) 0.00 0.00 d) Other Current Assets 574.89 378.97 I e) Assets Classified as Held for Sale 0.98 0.89 Total Current Assets 10,116.08 5,962.14 Total Assets 18,446.46 14,402.44 B. EQUITY AND LIABILITIES 1 Equity a) Equity Share Capital 400,65 400.65 , b) Other Equity 10,956.00 10,007.30 Equ ity attributable to tho Owners of the Parent Company 11,356.65 10,407.95 Non-Controll ing Interest (18.28) {18.06) Total Equity 11,338.37 10,389.89 2 I LIABILITIES (I) Non-Current Liabilities a) Financial Liabilities I. Borrowings 92.30 91 .34 I ii. Lease Liabilities 6.10 7.74 iii. Other Financial Liabilities 14.35 14.23 b) Provisions 28.64 26,41 c) Deferred Tax Liabilities (Net) 1,308.46 1,313.02 d) Other Non-Current Liabilities 4.34 4.51 Total Non-Current Llabllltles 1,454.19 1,457 .25 (II) Current Llabllltles a) Financial Liabilities i. Borrowings 1,668.09 963.07 ii. Lease L1abilities 5.59 5.35 iii. Trade Payables a) total outstanding dues of micro enterprises and small enterprises ; and 38.95 36.72 b) total outstanding dues of creditors other than micro enterprises and small enterprises 3,027.13 899.74 iv. Other Financial Liabilities 631.33 490.83 b) Other Current Liabilities 82.75 90,45 I c) Provisions 49,38 48.45 d) Current Tax L1abilities (Net) 150.68 20.69 I Total Current Liabil ities 5,653.90 2,555.30 Total Llabllitios I '\ 7,108.09 4,012.55 Total Equity and Liabilities I " 18,446.46 14,402.44 ~ ..,, .... , a_. p1NM C.4 1 \ ~ J I ; ~G- 1 $•NfN~~ ~"-"' - C uru,_;tAff\ *
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CONSOLIDATED STATEMENT OF CASH FLOWS (Rs. In Croro) I s. Particulars Six Months Endod No. 30.09.2026 30.09.2025 (Unaudited) (Unaudited) A. Cash Flow from Operating Activities Profit Before Tax 1,572.92 1,595.29 Adjustments for: Depreciation and Amortisation Expense 189.45 171.10 (Gain) on Sale of Current Investments (17.99) (30.18) Fair Value (Gain) on Financial Assets measured at Fair Value through Profit or Loss - (5.31) Reversal of Fair Value Loss on Financial Assets measured at Fair Value through Profit or Loss, recognised in earlier years - (0.14) Fair Value Loss I (Gain) on Derivatives not Designated as Hedge 10.06 (13.14) Un-realised Foreign Exchange Variation Loss 0.14 4.80 Realised Foreign Exchange Vanat1on (Gain) / Loss (14.09) 6.07 Effective Portion of Exchange Difference Loss on Hedging Instruments re-classified to Profit or Loss 22.45 108.19 Loss on Disposal I Write off of Property, Plant and Equipment (Net) and Right-of-Use Assels 1.28 1.22 Allowance for Doubtful Debts and Advances (Net) 3.27 1.01 lnventones Written off 0.02 0.01 Liabilities no Longer Required Written back 0.00 . Catalyst Charges Written off 5.41 3.87 Irrecoverable Balances Written Off - 0.00 Finance Costs (Interest and Premium) 33.06 0.52 Interest (Income) (6.19) (11 .58) Dividend (Income) on Other Non-Current Investment (0.00) (0.00) Share of (Loss) / Profit of a Joint Venture 28.19 (83.08) Operat ing Profit before Working Capital Changes 1,827.98 1,748.65 Working Capital Adjustments : (Increase) in lnventones (1,348.88) (269.88) (Increase) in Trade Receivables (2,746.00) (1,893.30 ) Decrease I (Increase ) In Other Financial Assets - Non-Current 2.57 (0.10) (Increase) in Other Financial Assets • Current (664.72) (30.57) (Increase) I Decrease In Other Assets - Non-Current (4.39) 0.16 (Increase) In Other Assets - Current (195.97) (67.12) Increase in Trade Payables 2,143.62 1,149.68 Increase In Other Financial Liabilities - Non-Current . 11 .37 Increase in Other Financial Liabilities • Current 24.28 8.73 (Decrease) / Increase in Other Liabilities • Non-Current (0.17) 0.56 (Decrease) in Other Liab1lit1es - Current (29.53) (20.91 ) Increase In Provisions • Non-Curren t 3.10 0.96 Increase In Provisions • Current 0.93 2.33 Cash (used In)/ generated from Operat ions (987 .18) 640.56 Income Tax Paid (Net of Refunds ) (296.20) (293.95) Net Cash Flow (used in)/ generated from Operating Activitlos (1,283.38) 346.61 B. Cash Flow from Investing Activ ities Purchase of Property, Plant and Equipment (133.84) (486.87) Purchase of Intangible Assets (0.35) (3.83) Proceeds from Disposal/ Sale of Property, Plant and Equipment 1.47 1.44 Purchase of Current Investments (8,440.00) (8,200.02) Proceeds from Sale of Current Investments 8,959 .43 8,647.25 Proceeds from recovery of Fair Value Loss on Financial Assets measured at Fair Value through Profit or Loss , recognised in earlier years 1.96 0.14 Interest Received 6.69 10.38 Dividend Received 0.00 0.00 D1stnbution Received from Joint Venture 154.82 125.03 Fixed Deposits matured/ (placed) (having original maturity of more than 3 months) 205.18 (203.83) Not Cash Flow generated from / (used in) Investing Activities 755.36 (110.31)
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C. Cash Flow from Financing Activities Availment of Supplier's Credit 667,57 - Repayment of Supplier's Credit (359.39) - Proceeds from Short-Term Borrowings (Net) 395,53 - Repayment of Lease Liabilities (2.99) (2.82) Finance Costs paid (Interest and Premium) (32.37) (0.10) Dividend Paid (240,39) (200,33) Net Cash Flow generated from/ (usod In) Financing Act ivities 427.96 (203.25) Net (Decrease)/ Increase in Cash and Cash Equivalents (A+B+C) (100.06) 33.05 Foreign Currency Translation Difference 0.04 0.40 Cash and Cash Equivalents at the beginning of the Period 307,90 107,75 Cash and Cash Equivalents at the ond of the Period 207,88 141,20 Components of Cash and Cash Equivalents : Balances with Banks. - on Current Accounts 7.32 1.26 - on Cash Credit Accounts 200.54 132.38 - Deposits with original maturity of less than 3 months . 7.55 Cash on hand 0.02 0.01 Total Cash and Cash Equivalents 207.88 141.20 Notes : S. No, al bl C) di e) f) Q) hl ll II kl ll m) 1. These consolidated financial results have been prepared in accordance with the Indian Accounting Standards ("Ind AS") prescribed under Companies (Indian Accounting Standards) Rules, 2015, as amended. 2. The consolidated financial results for the quarter and six months ended September 30, 2026 have been prepared on the basis of notified concession prices for urea under New Urea Policy 2015, New Pricing Scheme - Stage Ill, New Investment Policy 2012 (amended) . Modified New Pricing Scheme - Stage - Ill and Uniform Freight Polley, which were further adjusted for input price escalation / de-escalation and energy norms, as estimated on the basis of prescribed norms 1n line with known policy parameters . The subsidy on Phosphatic and Potassic fertilisers has been accounted for as per concession rates based on Nutrient Based Subsidy Policy and Freight subsidy has been accounted for In line with the applicable policy, notified by Government of India. 3. The Board of Directors of the Company at its meeting held on November 03, 2026, declared an interim dividend of Rs. 5 (i.e., 50 %) per equity share of Rs.10 each of the Company. 4. The Company has commenced commercial production from Its Technical Ammonium Nitrate (TAN) Plant at Gadepan, District Kata, Ra1asthan with effect from August 20, 2026 5. Additional Information pursuant to Regulation 52(4) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended with respect to Commercial Papers are as follows: Particulars Quarter Ended She Months Ended Yeer f.nded 30.09 .2026 30.06.2026 30.09,2025 30.09.2026 30.09 .2025 31.03 .2026 (Unaudited) (Unaudited!• IUnauditedl IUnaudltedl !Unaudited\ /Audited) Debt-eauitv ratio /in timesl 0.16 0.11 0,01 0.16 0.01 0.10 Debt service coveraoe ratio lin times\ 38.50 60.39 382.98 46.58 365.40 286.15 Interest service coveraae ratio (In times) 48.25 78,62 2.903.66 59.03 3 068.87 1 877.33 Current ratio lin timesl 1.79 1,99 2.27 1.79 2.27 2.33 Long Term Debt to Working Capital (in 0.02 0.02 0.03 0.02 0.03 0.03 times\ Bad Debts to Account Receivable ratio (In 0.00 0.00 0.00 0.00 0.00 0.00 timesl Current Llabilitv ratio /in times) 0.80 0.74 0.63 0.80 0.63 0.64 Total Debts to Total Assets /in timesl 0.10 0.08 0,01 0.10 0.01 0.07 Debtors Turnover (in times) 1.72 1.87 3.02 3.49 9.22 17.02 lnventorv Turnover /in timesl 1.72 1.49 2.81 3.40 5.43 8.83 Ooeratino Marcin 1%l 12.05 15.05 13.13 13.30 13.18 12.41 Net Profit Maraln /%1 9.03 10.42 10.12 9.61 9.89 9.39 Net Worth (Rs. in Crore) (As per Section 2157l of Comoanles Act 2013) 11 ,302.17 10,910.56 9 831.43 11 302.17 9 831.43 10 386.59 • Details for the quarter ended June 30, 2026 were neither subJect ta audit or limited review by the Auditors of the Company. u
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Formu lae for Computation of Ratios are as follows : s. Ratios Formulae No. a) Oebl-eQuity ra 110 (In times) TotJI Debt{Non Current Borrowings+ Currenl Borrowings) Total Eaultv b) Debt service coverage ratio (In Profit Before Tax+ I merest Expense + Deprec1Jtion + times) Unrealised l'orc1gn Exchange Rate Variation ~nd Mark to Market Gain/ Loss on nerivat1vc Transactions - Current Tax Long Term Debt repmd durin g the period + Repayment of - Lease l,1Jb11it1cs d_urlng the period + lnteres~ensc c) Interest service coverage ratio (in Profit Before Tax+ Interest Expense times) Interest Expense di 1 Current ratio (in times) Cul'l'ent Assets Curre nt l,iab1liu cs e) Long Term Debt to Working Capital Non Current Borrowi ngs + Cu rrent maturities of (mt1mes) Non Current Borrowings Current Assets - Current L1ab11ities - Current Matunlies of Non Current Borrowings r) Bad Dobis to Acco unt receivable Bad Debts ra110 (In times) Avernge Gross Tr.ide Receivabl es RI Current Liability ratio (In tlmos) Current Liabilities Total l.1abil1ties h) Total Debts to Total Assets (m Total Debt (Non Current Borrowings+ Current Borrowings) times) Total Assets I) Debtors Turnover (in times) l{evcnue from Operations Average Trade Receivables j) Inventory Turnover (in times) Cost of Materials Consumed + Purchases of Stock in Trade+ Changes in Inventori es Average lnventon es k) Operat ing Margin (%) Profit befor e Tax + Finance Costs Revenue from Operlt1ons I) Net Prollt Margin (%) Profit after Tax Revenue from Ooerat1ons m) Net Worth TotJI Equity excluding Cash Flow fl edging Reserve, Capital Reserve and Exchange Difference on Translation of Forci,m OoerJt1ons 6. The consolidated financial results were reviewed by lhe Audit Committee, and the Board of Direc tors have approved the consolidated financia l results at Its meeting held on November 03. 2026. The Audito rs of the Compa ny have earned out l1m1ted review of these consolidated financial result s. By order of the Board ~/~tv-o.. <2 0 .. l Abhay Baijal "'"'~ Place : Now Dolhi Managing Diroc tor Dato: Novomber 03, 2026 DIN: 01588087