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
Highlights Revenues grew by 51.3% YoY to Rs 6,428 mn in Q2 FY22 led by strong volume growth across geographies Gross profit grew by 36.3% YoY to Rs 1,798 mn in Q2 FY22. Gross margin during Q2 FY22 stood at 28.0% EBITDA grew by 76.8% YoY from Rs 587 mn in Q2 FY21 to Rs 1,038 mn in Q2 FY22 EBITDA margin expanded by 233bps YoY to 16.1% in Q2 FY22 driven by volume growth and better cost management, partly impacted by change in product mix and inflation in the freight cost. PBT grew by 37.3% YoY from Rs302 mn in Q2 FY21 to Rs 415 mn in Q2 FY22, partly impacted by higher depreciation charge and forex loss in Q2 FY22 vis-àvis forex gain in Q2 FY21 PAT surged by 67.9% YoY from Rs 191 mn in Q2 FY21 to Rs 320 mn in Q2 FY22 PAT margin expanded by 49bps YoY to 5.0% in Q2 FY22 mainly due to lower effective tax rates (22.9% in Q2 FY22 vs. 36.9% in Q2 FY21) Revenues grew by 55.5% YoY to Rs 12,655 mn in H1 FY22 led by strong volume growth across geographies Gross profit grew by 46.0% YoY to Rs 3,624 mn in H1 FY22. Gross margin during H1 FY22 stood at 28.6% EBITDA grew by 96.1% YoY from Rs 1,073 mn in H1 FY21 to Rs 2,104 mn in H1 FY22 EBITDA margin expanded by 344bps YoY to 16.6% in H1 FY22 driven by volume growth and better cost management, partly impacted by change in the product mix and inflation in the freight cost. PBT grew by 66.3% YoY from Rs 649 mn in H1 FY21 to Rs 1,080 mn in H1 FY22 led by better operating leverage ,partly impacted higher depreciation & forex loss in H1FY22 vs forex gain in FY21. PAT surged by 49.2% YoY from Rs470 mn in H1 FY21 to Rs 701 mn in H1 FY22 PAT margin contracted by 24bps YoY to 5.5% in H1 FY22 mainly due to higher effective tax rates (35.1% in H1 FY22 vs. 27.6% in H1 FY21) Result PDF