Agrochemicals firm NACL Industries announced Q3FY23 results: Standalone Q3FY23: Total income for the quarter ended Q3FY23 stood at Rs 486.63 crore, registering a YoY growth of 20%. EBITDA and PAT for the quarter stood at Rs 39.91 crore and Rs 16 crore respectively compared to Rs 35.65 crore and Rs 15.47 crore in the corresponding period of the previous year. Total income for the nine months ended Q3FY23 stood at Rs 1,534.07 crore, registering a YoY growth of 30%. EBITDA and PAT for the nine months ended Q3FY23 stood at Rs 134.71 crore and Rs 61.14 crore respectively compared to Rs 114.48 crore and Rs 55.02 crore in the corresponding period of the previous year. Comments from Mr. Pavan Kumar, MD & CEO, said: "Post the strong Q2 results, our Company continues to sustain its growth momentum in Q3FY23 despite industry-wide headwinds. In an exceptionally challenging quarter, it is heartening that the Company has been able to hold its own and remains steadfast and confident in its pursuit of sustainable, all-round progress. Trusted relationships with all our stakeholders continue to be our foundation. With the Greenfield site at Dahej commencing commercial production, brownfield capacity expansion in Srikakulam remaining on course and the growing customer interest in doing more business, the Company is set to scale further heights" Result PDF
Agrochemicals company NACL Industries announced Q2FY23 NACL Industries: Total income for the Quarter ended September 30, 2022 stood at Rs. 569 crore, registering a YoY growth of 27% EBITDA and PAT for the quarter stood at Rs. 58 crore and Rs. 30 crore respectively compared to Rs. 47 crore and Rs. 25 crore in the corresponding period of the previous year Total income for the half year ended September 30, 2022 stood at Rs. 1,047 crore, registering a YoY growth of 35% EBITDA and PAT for the half year ended September 30, 2022 stood at Rs. 95 crore and Rs. 45 crore respectively compared to Rs. 79 crore and Rs. 40 crore in the corresponding period of the previous year Comments from Mr. Pavan Kumar, MD & CEO: “Post the strong Q1 results, our Company continued to witness sustained growth momentum in Q2 FY23 driven by higher realizations and moderate volume growth. Agrochemical companies are facing declining margins due to uneven monsoons across different parts of the country and high input costs. Despite such challenges, our Company benefits from being present across the entire value chain of the agrochemical business, right from manufacturing to distribution. Our close association with customers and retailers enables us to serve their need reliably. With our Greenfield site at Dahej going operational and the ongoing brownfield capacity expansion plans in Srikakulam we are well poised to take advantage of the favourable tailwinds for the upcoming Rabi season, and the outlook for H2 looks positive." Result PDF
Agrochemicals Company NACL Industries announced Q1FY23 results: Total income for the Quarter ended June 30, 2022 is Rs 479.51 Cr, registering a YoY growth of 46%. Earnings before Interest, Depreciation and Tax (EBIDT) and Profit after Tax (PAT) for the quarter stood at Rs 36.34 Cr and Rs 15.13 Cr respectively compared to Rs 31.54 Cr and Rs 14.31 Cr in the corresponding period of the previous year. Exports grew significantly in Q1, with more than 100% growth over the previous corresponding quarter. Relentless focus on productivity, quality and meeting delivery schedules, despite global supply chain disruptions, have helped keep the order book healthy. The outlook for FY'23 looks promising, with a good forecast for Active Ingredients (Al) and improved Formulations and Trading business. Domestic retail business witnessed a growth of 16% over the corresponding quarter of last year, despite the rainfall deficit and delayed monsoons prevalent across many parts of the country. This was possible through an aggressive placement strategy of our key brands. There was an overall growth of 22% over the previous quarter in our domestic Institutional business facilitated by a growth in volume and higher price realization. The Srikakulam plan has achieved a 13% increase in production over the corresponding previous quarter. Approvals for capacity expansion are already in place and projects are progressing as planned. They are expected to be commissioned from Q2 onwards. R&D; Function is working not only on various Als and Formulations for overseas and Indian Customers, but also on process improvement projects focussed on cost and effluent reduction. The Greenfield project at Dahej, Gujrat is on the verge of commissioning, and is scheduled to start production soon. Mr.Pavan Kumar has been reappointed as the Managing Director & Chief Executive Officer (MD&CEO;) of the Company for a further period of three (3) years with effect from June 01, 2022, subject to shareholders approval. Mr. Chantati Varada Rajulu has been appointed as an Additional Director as well as Whole-time Director, Designated as Executive Director - Corporate affairs of the Company, for a period of 1 (one) year with effect from June 24, 2022, subject to shareholder approval. Comments from Mr. Pavan Kumar, MD & CEO ,"The results of Q1 were driven by a strong performance across all business streams, spearheaded by exports, branded formulations retail and institutional sales. There was a significant improvement in the company's manufacturing operations. The Company faced sizable and unanticipated challenges posed by input and energy availability and costs. Notwithstanding such challenges, NACL remains dedicated to delivering on its commitments to farming and institutional channels and customers. The company continues to invest in development and manufacturing in the pursuit of growth opportunities. The outlook for Q2 is positive, with demand led growth in all business segments." Result PDF
Agrochemicals player NACL Industries declares Q3FY22 result: Total income for the Quarter ended December 31, 2021 is, Rs 404.80 Cr, registering a growth of 51 %, Earnings Before Interest, Depreciation and Tax (EBIDT) and Profit After Tax (PAT) for the Quarter ended December 31, 2021 stood at Rs 35.65 Cr and Rs 15.47 Cr respectively compared to Rs 28.88 Cr and Rs 9.10 Cr in the corresponding period of previous year. Total income for the Nine months ended December 31, 2021 is, Rs 1180. 95 Cr, registering a growth of 36%, Earnings Before Interest, Depreciation and Tax (EBIDT) and Profit After Tax (PAT) for the Nine months ended December 31, 2021 stood at, Rs 114.48 Cr and Rs 55.02 Cr respectively compared to, Rs 92.85 Cr and Rs 33.15 Cr in the corresponding period of previous year. Comments from Mr. Pavan Kumar, MD & CEO Results for the third quarter ending 31st Dec 2021 reflect continued progress towards the company's longterm goals. The Company returned to a steady growth path on both revenue and EBITDA and laid the foundation for sustainable transformation and progress. The Company recorded sector-leading business growth in some segments despite challenging external conditions such as the pandemic, raw material supply constraints and increase costs, logistics challenges, etc. The Company's projects are progressing well and the outlook for Q4 is positive. Result PDF