Shares of Punjab Chemicals and Crop Protection Ltd. surged as much as 12% on Tuesday, July 29, in response to its June quarter results, and the new capex plan announced by the company.The company’s revenue increased by 32% from the same quarter last year to ₹319.5 crore, while its Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) grew by 25.1% from the year-ago quarter to ₹34.4 crore. EBITDA margin saw a marginal dip to 10.8% from 11.3% last year.
Net profit for the period increased to ₹20.6 crore from ₹13.4 crore last year.
The company has announced that it has signed three exclusive MoUs with overseas customers for high value agrochemical products and intermediates. The company intends to commercialise these products over the next 12-18 months.
Along with this, Punjab Chemicals has also planned a strategic investment worth ₹60 crore to build two new manufacturing blocks at its existing site to cater to increased demand for existing products, build its new product pipeline and commercialise new products catering to the Japanese and European markets.”These strategic initiatives will unfold over the next two years, which will significantly bolster the company’s topline. Punjab Chemicals envisions from this segment to scale up to ₹150 crore over the next two to three years,” the company statement said.
Net profit for the period increased to ₹20.6 crore from ₹13.4 crore last year.
The company has announced that it has signed three exclusive MoUs with overseas customers for high value agrochemical products and intermediates. The company intends to commercialise these products over the next 12-18 months.
Along with this, Punjab Chemicals has also planned a strategic investment worth ₹60 crore to build two new manufacturing blocks at its existing site to cater to increased demand for existing products, build its new product pipeline and commercialise new products catering to the Japanese and European markets.”These strategic initiatives will unfold over the next two years, which will significantly bolster the company’s topline. Punjab Chemicals envisions from this segment to scale up to ₹150 crore over the next two to three years,” the company statement said.
Additionally, the company is also scouting for a new site to support its growing operations and product pipeline.
Promoters of Punjab Chemicals have a 40% stake in the company, with the rest with public shareholders. Mutual Funds do not own any stake in the stock.
Shares of Punjab Chemicals and Crop Protection Ltd. are trading 12% higher on Tuesday at ₹1,513. The stock made a 52-week high of ₹1,547.4 in today’s session and is up 43% so far in 2025.
