Agrochemicals company Heranba Industries announced FY24 results: Revenue from Operations stood at Rs 1,274.75 crore in FY24 as compared to Rs 1,324.40 crore in FY23. EBITDA stood at Rs 126.99 crore during the year with EBITDA margin at 9.96% in FY24. Profit After Tax stood at Rs 66.35 crorein FY24 as compared to Rs 110.10 crore in FY23. Raghuram K. Shetty, Managing Director of Heranba Industries Limited, commented, “The Company’s FY24 revenues stood at Rs 1,274.75 crore restricted by unfavourable global economic scenario, inventory build-up in the system and sluggish demand from key export regions. However, we have witnessed decent traction for our formulation products in both domestic and export markets. The EBITDA margins remained muted during FY24 due to lower price realization in export markets and falling prices in finished goods. Despite of a challenging year, Heranba’s Balance Sheet continues to remain strong. We are dedicated to accelerating revenue growth and productivity efforts in order to achieve significant margin expansion and we continue to view FY25 as a crucial acceleration point in Heranba’s Trajectory. The Company continues to strengthen its product portfolio with new product registrations in both domestic & export markets and leverage its distribution network for delivering growth in the coming years.” Result PDF