Dharmaj Crop Guard profit jumps 57% as it eyes Brazil expansion
The agrochemical firm swung to a Q4 profit of ₹4 crore, capping a year where annual net income reached ₹54.6 crore on revenue of ₹1,138 crore.
— 2 earlier stories on Dharmaj Crop Guard Ltd. →What's new
- Annual net profit rose 56.9% to ₹54.6 crore on revenue of ₹1,138 crore.
- Q4 net profit hit ₹4 crore, reversing a ₹2.4 crore loss in the same period last year.
- The company plans to incorporate a new wholly-owned subsidiary in Brazil.
Why this matters
Dharmaj has successfully moved from a loss-making quarter to profitability while maintaining double-digit top-line growth. The move into Brazil is the real test; it is one of the world's largest agrochemical markets and represents a significant shift in the company's geographic footprint.
What we're watching
- Regulatory approval timelines for the new Brazilian subsidiary.
- Whether the Q4 margin improvement sustains into the next fiscal year.
- The impact of the new internal auditor on financial reporting processes.
The full read
Dharmaj Crop Guard ended the fiscal year with ₹54.6 crore in net profit, a 56.9% increase that reflects a broader recovery in its operations. Revenue for the year climbed 19.6% to ₹1,138 crore. The most concrete sign of this turnaround is the fourth quarter, where the company swung to a ₹4 crore profit from a ₹2.4 crore loss in the same period last year. Beyond the numbers, the company is looking outward. It plans to incorporate a wholly-owned subsidiary in Brazil, a move that targets one of the largest agrochemical markets globally. While the company remains a micro-cap, the combination of double-digit earnings growth and a clear path toward international expansion marks a shift in its trajectory. The next test is how quickly it can secure the regulatory approvals needed to plant its flag in South America.
Questions answered
- How did Dharmaj perform in the final quarter of FY26?
- The company posted a net profit of ₹4 crore, a turnaround from the ₹2.4 crore loss it reported in the same period last year.
- What is the scale of the company's annual growth?
- Annual net profit grew by 56.9% to reach ₹54.6 crore, supported by a 19.6% increase in revenue to ₹1,138 crore.
- What is the significance of the Brazil expansion?
- Brazil is one of the world's largest agrochemical markets. Incorporating a subsidiary there is a strategic move to establish a global presence.
- Who will handle internal audits for the upcoming year?
- The board has appointed Manubhai & Shah LLP as the internal auditor for the 2026-27 financial year.
Story so far
All notes on DHARMAJ →- 27 May 2026 · 6:32 PM IST Dharmaj Crop Guard profit jumps 57% as it eyes Brazil expansion
- today Dharmaj Crop Guard profit jumps 57% as technicals plant breaks even
- today Dharmaj Crop Guard swings to profit as annual revenue hits ₹1,138 cr