Conference Call with Godrej Agrovet Management and Analysts on Q3FY25 Performance and Outlook. Listen to the full earnings transcript.
Agricultural Products company Godrej Agrovet announced Q3FY25 results Revenues: Rs 2,355 crore compared to Rs 2,294 crore during Q3FY24, change 2.7%. EBITDA: Rs 233 crore compared to Rs 188 crore during Q3FY24, change 23.7%. EBITDA Margin: 9.9% for Q3FY25. PBT: Rs 163 crore compared to Rs 125 crore during Q3FY24, change 30.4%. PBT margin: 6.9% for Q3FY25. PAT: Rs 124 crore compared to Rs 109 crore during Q3FY24, change 13.8%. PAT margin: 5.2% for Q3FY25. B. S. Yadav, Managing Director, Godrej Agrovet, said: Driven by stellar performances in Vegetable Oil business, Animal Feed business and Poultry business; Godrej Agrovet has reported robust growth in profitability in Q3FY25. Although topline growth remained modest, EBITDA margins surged significantly, improving by ~200 basis points compared to Q3FY24. Vegetable Oil business delivered strong growth in profitability in Q3FY25 driven by higher realizationsin respect of end products coupled with an improved Oil Extraction Ratio (OER) compared to same period previous year. Animal Feed business also witnessed a remarkable improvement in segment margins due to favorable commodity positions. While overall volumes grew marginally as compared to Q3FY24, sequential volume surged by 10%. This growth was primarily driven by strong performance in the cattle, broiler, and layer feed segments. In Poultry business, while live bird volumes decreased in line with our strategy to focus on branded business, branded volumes improved marginally resulting in decline in topline. Profitability improved significantly due to higher realizations in the live bird segment compared to Q3FY24. Astec's EBITDA losses improved sequentially in Q3FY25, narrowing from Rs 18 crore in Q2FY25 to Rs 4 crore. This was due to higher CDMO volumes but offset by lower realizations in the key Enterprise products. EBITDA losses also narrowed YoY from Rs 17 crore in Q3FY24 to Rs 4 crore in Q3FY25. We expect to see improvement in performance in the coming quarters. In Domestic Crop Protection business lower sales volumes in in-license category negatively impacted segment revenue and margins during Q3FY25. This decline was primarily attributed to localized extreme weather events in key markets and subdued crop prices. Result PDF