MADRASFERT2025-10-012025-12-31MADRASFERT2025-04-012025-12-31MADRASFERT2025-10-012025-12-31in-capmkt:OtherExpenses1MemberMADRASFERT2025-10-012025-12-31in-capmkt:OtherExpenses2MemberMADRASFERT2025-04-012025-12-31in-capmkt:OtherExpenses1MemberMADRASFERT2025-04-012025-12-31in-capmkt:OtherExpenses2Memberiso4217:INRiso4217:INRxbrli:shares000000MADRASFERTNOTLISTEDINE414A01015MADRAS FERTILIZERS LIMITEDMain BoardEquity2025-04-012026-03-312026-02-112026-02-02INRLakhsQuarterlyThird quarterSingle segmentManufacturing of Chemical Fertilizers2026-02-1112:00:002026-02-1115:50:00Not applicablefalsefalseThere is no default2025-10-012025-12-31UnauditedStandalone41869000002447000004431600000248450000049200000-185100000270400000143200000374000001596600000439620000035400000035400000-5700000067200000102000000252000000000252000000252000001611000000100.160.16000.160.16Notes to the Unaudited Financial Results for the Quarter and Nine Months ended December 31, 2025 <BR> 1.The above financial results have been reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on 11th February 2026. The results for the Quarter and nine months ended December 31, 2025, have been subjected to Limited Review by the Statutory Auditors. 2. The Financial Results have been prepared in accordance with the applicable Indian Accounting Standards (Ind AS) prescribed under Section 133 of the Companies Act, 2013 (the "Act") read with relevant Rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ('Listing Regulations'). 3 During the quarter ending December 31, 2025, there was a shut-down of plants as detailed hereunder: <BR> Plant Number of days Reason <BR> Ammonia Plant 37 Plant shutdown for Annual turnaround Activities & Boiler inspection. <BR> Urea Plant 37 Plant shutdown for Annual turnaround Activities & Boiler inspection. <BR> Complex Fertilizer Plants Entire quarter Safety issues and Manpower shortage. <BR> 4. Fertilizer manufacture is the only main business segment and trading operations are less than 10% of the total revenue. Further, the Company is engaged in providing and selling its products in single economic environment in India i.e., there is a single geographical segment. Hence, there is no requirement of segment reporting for the Company as per Ind AS 108 (Segment Reporting). <BR> 5.The revenue from operations of Rs. 1,60,114 Lakhs for the nine months ended December 31, 2025 includes the following: <BR> a. Rs. 1,29,601 Lakhs towards subsidy for Neem coated Urea and b. Rs. 3,850 Lakhs for freight subsidy. <BR> The subsidy eligible for Neem coated urea has been arrived at by the Company in accordance with policy parameters framed by GoI. The rate adopted by the Company for accounting the subsidy claim amounted to Rs. 37,610 per MT. The said rate is subject to variation upon final determination of rates by GoI under new pricing scheme. The impact on the variation of subsidy rate will be given effect to in the accounts as and when the same is communicated by GoI. <BR> 6. The Company has defaulted in the repayment of principal and interest thereon on the loans taken from GOI. Further, the Company has placed a request before GOI for waiver of interest accrued and penal interest on loans taken by GOI as a part of revival package. Pending the receipt of approval, the Company has continued to recognise the interest cost on the loans taken from the GOI, and no amounts have been repaid during the reporting period. <BR> 7.The provision for liability towards gratuity, post-retirement benefits and leave encashment has been made on an estimated basis for the reporting period, as such liabilities shall be computed annually by an independent actuary using the projected unit credit method. <BR> 8.The Company has invested in the equity instruments of various unlisted companies, which are carried at ‘Fair value Through Other Comprehensive Income’ (FVTOCI) and the percentage of shareholding in such investee companies is very low. The fair value of Such equity instruments is estimated based on available historical Annual Reports of such companies and other information as available in the public domain and as on the reporting date, the Management has estimated that the carrying value of such instruments represents the fair value. <BR> 9.Subsidy under New Pricing Scheme (NPS for Urea) -Approval awaited for extension of existing energy norm: <BR> MFL vide letter No.CMD/Govt/612/2024 dated June 12, 2024 and CMD/Govt/457/2025 dated April 22, 2025 requested Government of India to extend the existing energy norm of 8.337 Gcal/MT of Urea till energy reduction measures are implemented. Pending the approval for the above request, as a prudent measure, the Company has accounted for the subsidy after considering the maximum penalty of 10% from the existing energy norm of 8.337 Gcal/MT w.e.f. 18.07.2024. The said penalty of Rs. 3,681 lakhs and Rs. 15,277 Lakhs on an estimated basis, has been considered as deduction in subsidy income for the quarter and nine months ended December 31, 2025 respectively. <BR> 10. On 21st November 2025, Government of lndia notified four Labour Codes viz. collectively referred to as "the Labour Codes" by subsuming 29 legislations relating thereto. The Rules relating to said Labour Codes are yet to be notified. Based on the broad assessment carried by the management, the Company continues to comply with the major provisions and any consequential impact arising therefrom will be assessed and appropriately accounted upon such notification. <BR> 11.Previous period figures have been regrouped /reclassified and re-presented, wherever necessary to conform to current period's classification. Rebates given to the customers for timely payment were netted off against the revenue, which previously were reported as part of finance cost. <BR> 2025-04-012025-12-31UnauditedStandalone16011400000597600000166090000008422000000107600000250000000843400000440900000994000005647800000158111000007979000000797900000165800000368000002026000000595300000000059530000005953000001611000000103.73.7003.73.7Operating and Maintenance Expenses1512700000Other expenses83900000Operating and Maintenance Expenses5442900000Other expenses204900000