Dharmaj Crop Guard swings to profit as annual revenue hits ₹1,138 cr
The agrochemical firm posted a 57% jump in annual net profit, ending the year with a ₹4 crore profit in the final quarter.
— 1 earlier story on Dharmaj Crop Guard Ltd. →What's new
- Annual revenue climbed 19.6% to ₹1,138 crore for FY26.
- Q4 profit reached ₹4 crore, reversing a ₹2.4 crore loss from the same period last year.
- Manubhai & Shah LLP takes over as internal auditor for FY27.
Why this matters
The return to profit in the final quarter shows the company is managing its costs better. For a micro-cap valued at ₹975 crore, this growth is the primary indicator of whether the business can scale.
What we're watching
- Whether the Q4 profit gains hold in the new fiscal year.
- Any commentary on input cost volatility in the upcoming earnings call.
- The impact of the new internal auditor on reporting transparency.
The full read
Dharmaj Crop Guard closed FY26 with a 19.6% increase in revenue to ₹1,138 crore and a 56.9% surge in net profit to ₹54.6 crore.
The final quarter provided the most clarity on the firm's trajectory. It swung to a ₹4 crore profit from a ₹2.4 crore loss in the year-ago period. Quarterly sales rose 11.3% to ₹233.8 crore, signaling a recovery in operational efficiency for the ₹975 crore market-cap firm.
The board also finalized a routine administrative change, appointing Manubhai & Shah LLP as internal auditors for FY27 following the departure of the previous firm. The numbers confirm a year of expansion. The shift to profitability in the final quarter is the real test of whether the company can maintain its momentum.
Questions answered
- How did the company perform for the full financial year?
- Dharmaj Crop Guard grew its annual revenue by 19.6% to ₹1,138 crore and its net profit by 56.9% to ₹54.6 crore for the year ended March 31, 2026.
- What changed in the fourth quarter?
- The company swung to a net profit of ₹4 crore in Q4, compared to a loss of ₹2.4 crore in the same quarter last year, while quarterly sales grew 11.3% to ₹233.8 crore.
- Who is the new internal auditor?
- The board appointed Manubhai & Shah LLP as internal auditors for FY27, replacing the outgoing firm after its term concluded.
- What is the current market valuation of the company?
- Dharmaj Crop Guard is a micro-cap company with a market valuation of approximately ₹975 crore.
Story so far
All notes on DHARMAJ →- 27 May 2026 · 6:03 PM IST Dharmaj Crop Guard swings to profit as annual revenue hits ₹1,138 cr
- today Dharmaj Crop Guard profit jumps 57% as technicals plant breaks even