Agrochemicals company Sharda Cropchem announced Q2FY25 results Financial Highlights: Revenue: Rs 776.9 crore, compared to Rs 580.8 crore during the period Q2FY24, change 34%. Gross profit: Rs 214.7 crore, compared to Rs 145.5 crore during the period Q2FY24, change 48%. Gross profit Margin: 25.1%. EBITDA: Rs 84.4 crore, compared to Rs 37.7 crore during the period Q2FY24, change 125%. EBITDA margin: 6.5%. PAT: Rs 42.4 crore, compared to Rs -27.6 crore during the period Q2FY24. Business Highlights: Agrochemical Segment contributes 82%; Non-Agrochemical Segment contributes 18%. Overall Volumes have increased by 20.6% YoY in Q2FY25; Agrochemical volumes grew by 24.6% Agrochemical Segment contributes 84%; Non-Agrochemical Segment contributes 16%. Overall Volumes have increased by 30.3% YoY in H1FY25; Agrochemical volumes grew by 36.0%. Capex in H1FY25 stands at ~Rs. 155 crore. Product Registrations stand at 2,934 with 1,034 applications globally pending at various stages as on 30th September 2024. We remain a debt free company with cash, bank & liquid investments of Rs. 656 crore. Ramprakash Bubna, Chairman and MD, said: “Despite the global industry challenges, including subdued demand and pricing pressures, we have delivered strong performance in Q2 and H1FY25 compared to last year. Revenue in Q2FY25 increased by 34%, and H1FY25 by 28%, primarily driven by higher volumes and a gradual price increase. We saw volume growth across all regions, with Europe and NAFTA being key contributors. Agrochemical volumes grew by 24.6% in Q2FY25 and by 36.0% in H1FY25. We are optimistic about improving gross margins moving forward. Our extensive pipeline of registrations showcases our resilience and our commitment to growth. To drive sustainable growth, we intensify our focus on operational efficiencies. This enhances profitability and organizational agility, ensuring a strong foundation for future growth. We are happy to emphasize our ongoing plan to increase product registrations in FY25 with capex guidance of Rs. 400-450 crore is on track driving revenue growth, improved competitiveness, and increased customer satisfaction.” Result PDF