Agrochemicals company Heranba Industries announced Q1FY24 results: Revenue from Operations at Rs 2,824 million in Q1FY24 as compared to Rs 3,619 million in Q1FY23. EBITDA at Rs 99 million during the quarter with EBITDA Margins at 3.50% in Q1FY24. Profit After Tax stood at Rs 15.1 million in Q1FY24 as compared to Rs 337 million in Q1FY23. Raghuram K. Shetty, Managing Director of Heranba Industries, commented, “The Company’s revenues stood at 282 crore in Q1FY24, despite of adverse macro-economic environment and delay in monsoons in the domestic markets. Our EBITDA margins were under check owing to a rise in raw material prices, higher power costs, supply chain-related constraints, and a reduction in finished goods prices. However, we are confident of growth in the coming quarter owing to robust demand. We are also witnessing good traction for our products in the domestic markets with the monsoons making up for the Q1 deficit and adequate reservoir levels. The ongoing capex at our Sarigam and Saykha facilities is shaping up well. Heranba will continue to leverage its integrated manufacturing facilities, wide distribution network, and presence across the value chain, and thrust on R&D; to offer high-quality varied products, aiding farmers to enhance their crop yield and income. The Company looks forward to adding new product registrations, thereby expanding its diverse customer base and driving Heranba’s next wave of growth.” Result PDF