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
Conference Call with Sharda Cropchem Ltd. Management and Analysts on Q2FY24 Performance and Outlook. Listen to the full earnings transcript.