Agrochemicals company Heranba Industries announced Q3FY24 & 9MFY24 results: Q3FY24: Revenues: Rs 301.70 crore in Q3FY24 compared to Rs 280.21 crore in Q3FY23, indicating a change of 7.60%. EBITDA: Rs 34.94 crore in Q3FY24 compared to Rs 26.45 crore in Q3FY23, showing a change of 32.09%. EBITDA Margin: 11.58% in Q3FY24 compared to 9.43% in Q3FY23, reflecting an increase of 215 basis points (bps). PAT: Rs 19.21 crore in Q3FY24 compared to Rs 14.39 crore in Q3FY23, showing a change of 33.49%. PAT Margin: 6.36% in Q3FY24 compared to 5.13% in Q3FY23, indicating an increase of 123 bps. 9MFY24: Revenues: Rs 1,013.46 crore in 9MFY24 compared to Rs 1065.48 crore in 9MFY23, showing a change of -4.80%. EBITDA: Rs 78.13 crore in 9MFY24 compared to Rs 117.43 crore in 9MFY23, indicating a change of -33.46%. EBITDA Margin: 7.71% in 9MFY24 compared to 11.02% in 9MFY23, reflecting a decrease of 331 bps. PAT: Rs 53.26 crore in 9MFY24 compared to Rs 95.78 crore in 9MFY23, showing a change of -44.39%. PAT Margin: 5.25% in 9MFY24 compared to 8.98% in 9MFY23, indicating a decrease of 373 bps. Raghuram K. Shetty, Managing Director of Heranba Industries, commented, “The Company revenues stood at Rs 301.70 Cr. in Q3FY24 driven by strong performance in domestic markets navigating uneven monsoon distribution. Our export business was affected by the weak export demands & falling prices. We are dedicated to accelerating revenue growth and productivity efforts in order to achieve significant margin expansion and we continue to view FY24 as crucial acceleration point in Heranba’s trajectory. Result PDF