Conference Call with Meghmani Organics Management and Analysts on Q1FY25 Performance and Outlook. Listen to the full earnings transcript.
Agrochemicals company Meghmani Organics announced Q1FY25 results: Financial Highlights: Revenue from operations remained flat at Rs 411.1 crore for the quarter under review. Meanwhile, EBITDA stood at Rs 14.2 crore in Q1FY25, increasing by 194% YoY and 40% on QoQ basis. Both the segment witnessed healthy volume growth in Q1FY25 which was offset by lower product price realizations across markets impacting profitability during the quarter under review. Crop Protection constitutes ~66% of the overall company’s revenue in Q1FY25. The segment reported Net Revenue and EBITDA of Rs 272.6 crore and Rs 11.3 crore respectively as compared to Rs 300.2 crore and Rs 0.5 crore in corresponding previous year. Pigments constitutes ~34% of the overall company’s revenue in Q1FY25. The segment reported Net Revenue and EBITDA of Rs 138.5 crore and Rs 9.4 crore respectively as compared to Rs 121.4 crore and Rs (8.4) crore in corresponding previous year. Commenting on Q1FY25 performance, Ankit Patel, Chairman & Managing Director said: “For the quarter under review, we witnessed health volume growth in both the segments implying a gradual recovery in demand. However, this was offset by lower product price realizations across markets impacting our profitability. In our Crop Nutrition segment, we are pleased to share that we have successfully launched 8 new products in fertilizers, biofertilizer and biostimulant category, providing a comprehensive, one-stop solution for our farmers to improve the productivity and nutrient use efficiency. Moving ahead in FY25, we are optimistic that in the coming quarters with the momentum in the demand recovery followed by improved pricing will enhance our profitability.” Result PDF