Shree Pushkar Q4 FY26 profit rises 11% on sales dip

What the March 2026 quarter showed

Shree Pushkar Chemicals and Fertilisers reported a mixed set of standalone numbers for the March 2026 quarter, with revenue easing but profitability improving year-on-year. Net sales for the quarter stood at Rs 146.57 crore, down 3.44% from Rs 151.79 crore in the March 2025 quarter. Despite the softer topline, quarterly net profit rose to Rs 11.31 crore, up 11.28% from Rs 10.17 crore a year earlier.

The earnings improvement also reflected in per-share numbers. Standalone EPS increased to Rs 3.50 in March 2026 from Rs 3.15 in March 2025. Investors tracking dyes and fertilisers makers will likely read these numbers as a reminder that margins and cost control can offset a modest decline in sales in a given quarter.

Standalone Q4 snapshot: sales down, profit up

The reported standalone figures highlight the divergence between revenue and profits in Q4. The company also disclosed quarterly net sales for the December 2025 quarter at Rs 137.35 crore, providing a sequential reference point.

Stock price and recent returns

On the market side, Shree Pushkar shares closed at Rs 390.70 on May 14, 2026 on the NSE, according to the provided data. Over the last six months, the stock delivered returns of -6.41%. Over the last 12 months, the return was 33.34%.

The combination of a negative six-month return and a strong one-year return indicates that the stock has seen volatility through the period, even as the longer-term performance remains positive.

Recent quarterly updates also pointed to growth trends

Alongside the March 2026 standalone quarter, the dataset includes multiple updates from FY26 that refer to consolidated and segment-level performance. One update stated that consolidated net sales for December 2025 were Rs 248.86 crore, up 14.65% year-on-year. Another update cited consolidated net sales for September 2025 at Rs 255.09 crore, up 45.25% year-on-year.

A separate set of FY26 highlights described Q3 FY26 performance with revenue around Rs 248.9 crore to Rs 249 crore (consolidated) and year-on-year growth of 14.6%. It also referenced a split where chemical segment revenue grew 38.1% year-on-year to Rs 156 crore, while the fertiliser segment revenue declined 10.6% year-on-year to Rs 93 crore.

Operating profitability indicators cited for Q3 FY26

The same Q3 FY26 snapshot referenced an EBITDA margin of 8.9% with EBITDA of Rs 22 crore. It also cited a PAT margin of 7.3% with PAT of Rs 18 crore to Rs 18.1 crore, and EPS of Rs 5.59 for Q3 FY26.

These disclosures matter because they provide context beyond the standalone March quarter, especially for investors comparing consolidated scale and profitability with standalone performance.

Q2 FY26 results: strong year-on-year jump in revenue and profit

The dataset also includes Q2 FY26 numbers that point to a stronger growth phase earlier in the year. Revenue from operations for Q2 FY26 was reported at Rs 255.1 crore compared with Rs 175.6 crore in Q2 FY25, a year-on-year increase of 45.2%. EBITDA was Rs 26.2 crore versus Rs 19.1 crore, with an EBITDA margin of 10.3%.

Profit after tax (PAT) for Q2 FY26 was Rs 18.2 crore compared with Rs 13.3 crore in Q2 FY25, a year-on-year increase of 36.7%. The same dataset also stated that H1 FY26 net sales were Rs 509.60 crore, up 38.06% year-on-year, and net profit was Rs 39.16 crore, up 50.00%.

Longer-period context: nine-month revenue and past comparisons

For a broader frame, a FY26 update cited nine-month (9M FY26) revenue of Rs 758.5 crore with 29.2% year-on-year growth. Another item listed consolidated nine-month revenue as Rs 758.4518 crore (converted from Rs 75,845.18 lakhs), aligning closely with the 9M FY26 figure.

For March 2025 on the consolidated side, net sales were cited at Rs 219.40 crore, up 15% year-on-year. The presence of both standalone and consolidated disclosures across quarters suggests investors need to be clear about which reporting basis they are using when comparing performance.

Business profile and segments referenced

Shree Pushkar Chemicals & Fertilisers Ltd. (formerly known as Shree Pushkar Petro Products Ltd.) was founded in 1994. The provided profile describes it as an established manufacturer in dyes and dyes intermediates, and also references fertilisers, sulphur-based acids, animal feed additives, and products such as sulphuric acid, oleum, and chloro sulphonic acid.

The segment commentary included in the FY26 updates also reinforces that chemicals and fertilisers can move in different directions within the same quarter, with chemical segment growth and fertiliser segment decline both cited for Q3 FY26.

Key figures recap table

The following table consolidates the most directly stated figures and market data from the provided text.

Why the Q4 outcome matters

The March 2026 standalone quarter stands out because profit grew despite a year-on-year decline in net sales, and EPS also increased. This pattern can be relevant when tracking how cost structure, product mix, or operating efficiencies influence earnings in periods when revenue growth is uneven.

At the same time, the wider set of FY26 updates included stronger top-line growth in earlier quarters on a consolidated basis, along with margin metrics and segment splits. Taken together, the information suggests that quarter-to-quarter comparisons should account for both reporting basis (standalone vs consolidated) and segment trends.

Conclusion

Shree Pushkar’s March 2026 standalone results showed a 3.44% decline in net sales to Rs 146.57 crore but an 11.28% rise in net profit to Rs 11.31 crore, with EPS increasing to Rs 3.50. The stock closed at Rs 390.70 on May 14, 2026, with -6.41% returns over six months and 33.34% over 12 months. Investors will watch how the company’s chemicals and fertiliser segments track in subsequent quarterly disclosures, especially as FY26 updates have highlighted contrasting segment trends and stated margin levels in prior quarters.