Kesar Petroproducts Reports Strong Q1 Growth with 177% Jump in PAT

Kesar Petroproducts delivered strong quarterly results with revenue from operations reaching Rs. 4,953 lakhs, marking an 8.14% year-on-year increase. The company's profitability improved significantly with EBITDA rising 148.25% to Rs. 921 lakhs and PAT surging 177.83% to Rs. 589 lakhs. EBITDA margin expanded to 18.59% while PAT margin reached 11.89%. The company operates at 60-65% capacity utilization across products, targeting 75% in the next two quarters. Revenue composition includes 80% from pigments and 20% from CPC Blue Crude, with focus on higher-margin downstream pigments. The company is developing a complex fertilizer plant using waste from pigment production, with commercial production expected from January 2026. This initiative includes a 2 MW captive power plant and could contribute 20-25% of revenue at 75% utilization. Management provided guidance of 20-25% revenue growth and 12-15% bottomline growth for the fiscal year, while targeting EBITDA margins in the 18-19% range. The company plans to reduce debt by 20-25% and aims for long-term growth of 20-25% per annum through operational efficiency, product diversification, and waste utilization initiatives.