Conference Call with Sharda Cropchem Management and Analysts on Q4FY22 Performance and Outlook. Listen to the full earnings transcript.
Conference Call with Sharda Cropchem Management and Analysts on Q3FY22 Performance and Outlook. Listen to the full earnings transcript.
Agrochemicals company Sharda Cropchem declares Q3FY22 result: Revenues grew by 78.2% YoY to Rs 8,798 mn in Q3 FY22 led by strong volume growth across geographies & better product mix & price realization. Gross profit grew by 75% YoY to Rs 2,984 mn in Q3 FY22. Gross margin during Q3 FY22 stood at 33.9%, which is marginally impacted by higher freight costs. EBITDA grew by 97.1% YoY from Rs 1,019 mn in Q3 FY21 to Rs 2,009 mn in Q3 FY22 EBITDA margin expanded by 220 bps YoY to 22.8% in Q3 FY22 driven by economies of scale , effective cost management marginally setted off by higher freight cost. PBT grew by 74.9% YoY from Rs 776 mn in Q3 FY21 to Rs 1,358 mn in Q3 FY22 led be better operating leverage, however, it was partly impacted by higher depreciation and forex loss in Q3 FY22 vis-à-vis forex gain in Q3 FY21 PAT surged by 111.6% YoY from Rs 483 mn in Q3 FY21 to Rs 1,022 mn in Q3 FY22 PAT margin expanded by 184 bps YoY to 11.6% in Q3 FY22 mainly due to lower effective tax rates (24.7% in Q3 FY22 vs. 37.8% in Q3 FY21) Revenues grew by 64.1% YoY to Rs 21,453 mn in 9M FY22 led by strong volume growth across geographies & strong product mix Gross profit grew by 57.8% YoY to Rs 6,608 mn in 9M FY22. Gross margin during 9M FY22 stood at 30.8% , which is marginally impacted by higher freight cost. EBITDA grew by 96.6% YoY from Rs 2,092 mn in 9M FY21 to Rs 4,113 mn in 9M FY22 EBITDA margin expanded by 317 bps YoY to 19.2 % in 9M FY22 driven by economies of scale & effective cost management, which is marginally impacted by higher freight costs. PBT grew by 71.0% YoY from Rs 1,425 mn in 9M FY21 to Rs 2,438 mn in 9M FY22 led by better operating leverage, partly impacted by higher depreciation & forex loss in 9M FY22 vs forex gain in 9M FY21 PAT surged by 80.8% YoY from Rs 953 mn in 9M FY21 to Rs 1,723 mn in 9M FY22 PAT margin expanded by 74 bps YoY to 8.0 % in 9M FY22 mainly due to lower effective tax rates (29.3% in 9M FY22 vs. 33.1% in 9M FY21) Result PDF