Conference Call with Sharda Cropchem Management and Analysts on Q1FY25 Performance and Outlook. Listen to the full earnings transcript.
Agrochemicals company Sharda Cropchem announced Q1FY25 results: Revenue: Rs 785.1 crore (up 23% YoY) Gross Profit: Rs 228.9 crore (up 311% YoY) Gross Profit Margin (%): 29.2% (up from 8.7% in Q1FY24) EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization): Rs 88.3 crore (from -Rs 66.0 crore in Q1FY24) EBITDA Margin (%): 11.3% (improvement from -10.4% in Q1FY24) PAT (Profit After Tax): Rs 27.3 crore (from -Rs 88.6 crore in Q1FY24) Commenting on the Results, Ramprakash Bubna, Chairman and MD, said : “In Q1FY25, we recorded an improvement in financial results on YoY basis despite a challenging market environment. Revenue has grown by 23% majorly due to growth in volumes by 41% as compared to last year. We have seen volume growth across all major regions with Europe nearly doubling. Volumes from Agrochemicals grew by 49%. Gross Margins at 29.2% have come back to normalcy and we expect this to improve in this financial year with prices expected to increase. This enhances profitability and organisational agility, ensuring a strong foundation for future growth. As we look ahead, we aim to increase our product registrations and expect Capex of ~Rs 400-450 crores on the same in FY25 and expand our global presence.” Result PDF