Dhanuka Agritech's board approved a ₹70 crore share buyback at ₹1,400 per share, acquiring up to 5 lakh shares representing 1.11% of the total paid-up equity capital. According to reports from The Economic Times, the fertiliser and pesticide manufacturer will acquire these shares on a proportionate basis through the tender offer route, with promoters and promoter group expressing their intention to participate in the proposed buyback. The company stated it will continue focusing on crop protection products and strengthening its market presence ahead of the upcoming Kharif season.
The buyback announcement coincided with impressive Q4FY26 results, where Dhanuka Agritech reported a 29.5% jump in net profit to ₹97.77 crore versus ₹75.50 crore in the year-ago period. As reported by The Economic Times, revenue from operations stood at ₹503.86 crore in the January-March quarter, rising 11.18% from ₹453.17 crore in the corresponding quarter of the last financial year. The net profit surged 144% on a sequential basis compared to ₹40 crore in Q3FY26, while the topline increased by 18% versus ₹410 crore in the October-December quarter of FY26. However, the company's expenses remained high during the quarter, rising to ₹375.55 crore from ₹351.51 crore in the corresponding quarter of the previous fiscal.
The company also recommended a final dividend of ₹2 per equity share for the Financial Year 2025-26, with the same to be paid within 30 days of the Annual General Meeting (AGM), subject to member approval at the 41st AGM. According to The Economic Times, the board has fixed Friday, July 17, 2026, as the record date to determine shareholders' eligibility for the dividend. The buyback amount does not include transaction costs such as brokerage, fees, turnover charges and applicable taxes.
Following the announcement of the company's earnings, Dhanuka Agritech shares surged 14% to hit the day's high of ₹1,236.50 on the NSE, as reported by The Economic Times. Despite the strong March quarter performance, the company reported a slight decline in profit for the full financial year 2025-26, with net profit falling 3.61% to ₹287.23 crore from ₹296.96 crore in FY25. Chairman M K Dhanuka expressed confidence in the company's performance, stating that the agriculture sector continues to remain strong due to improved farming practices, rising use of technology and favourable crop economics in many regions, despite concerns over below-normal monsoon forecasts.
