Agrochemicals company Dhanuka Agritech announced Q3FY25 results Revenues from Operations stood at Rs 445.27 crore in Q3FY25 vs Rs 403.24 crore in Q3FY24. EBITDA stood at Rs 75.56 crore in Q3FY25 vs Rs 62.16 crore in Q3FY24. Profit after tax was at Rs 55.04 crore in Q3FY25 vs Rs 45.37 crore in Q3FY24. Mahendra Kumar Dhanuka Chairman, said: Dhanuka Agritech is a leading Indian agrochemical company. Dhanuka is working with the vision of Transforming India through Agriculture. We have a pan-India presence in all major states to reach out to more than 10 million farmers with our products and services. Dhanuka’s key focus has been on introduction of novel chemistries and extensive product development distinguishing us from the rest of the industry. With four manufacturing units and 41 warehouses across India, we cater to around 6,500 distributors and around 80,000 retailers. Dhanuka has a strong Sales and Marketing team to promote and develop new products. Dhanuka’s strong R&D; division has worldclass NABL accredited laboratory as well as an excellent team for new product registration and development. Dhanuka has international collaboration with ten leading global agrochemical companies from Japan, US and Europe, which helps us to introduce the latest technology in India. Quarter 3 is important from the perspective of Rabi crops like Rice in South and East India, Wheat in North and Central India. This quarter is also important for farmers for harvest of Kharif crops and selling the harvest to generate money for the next season. In horticulture segment, Q3 is key season for Potato in North India, Grapes in West India Chilli in South India. This year the disease appearance in Potato, Grapes and Chilli was less, resulting in lower sales of some key fungicides. Also, due to carry over stocks of Chili from last season the commodity prices remained low resulting in fewer sprays in the crop. However, I am happy to share that we got excellent sales and Liquidation for the key product Lanevo as well as Mycore Super in this season. Both these products were introduced in this year it self and have been well accepted by farmers across India. Further, we introduced 1 new 9(4) product – “Roxa” – Pyroxasulfone 85% WG to control weeds in wheat crop and received good response from the market. We have also informed that the Company has acquired international rights to the active ingredients Iprovalicarb and Triadimenol (invented by Bayer AG). With this acquisition, Dhanuka plans to expand its footprint in more than 20 countries, including the regions of Latin America, Europe Middle East & Africa as well as Asia including India. This acquisition will enable Dhanuka to embark on a journey of global market expansion. Dhanuka will be shifting the manufacturing of at least one of the products to India, leveraging the capabilities of our manufacturing unit at Dahej, Gujarat. Result PDF
Agrochemicals company Dhanuka Agritec announced Q2FY25 results Revenue from operations grows 5.9% YoY to Rs 654.28 crore in Q2FY25, compared to Rs 617.92 crore during Q2FY24. EBITDA improves 12.7% YoY to Rs 159.58 crore. PBT: 14.6% YoY to Rs 156.66 crore. PAT: 15.5% YoY to Rs 117.52 crore. Mahendra Kumar Dhanuka, Chairman of Dhanuka Agritech, said: “Our Q2 performance reflects both strong demand for our portfolio and our strategic approach in meeting market needs during this critical agricultural season. The monsoon’s timely arrival, along with our streamlined distribution, has bolstered our supply chain and fostered positive growth in this quarter." “The sowing season has been strong, with substantial acreage in key crops as we anticipated. The forecast of a normal monsoon has supported a robust demand trajectory. As we move forward, we are strategically positioned to sustain growth and strengthen our EBITDA margins while delivering value to our distribution network and our customeRs" Result PDF
Conference Call with Dhanuka Agritech Management and Analysts on Q1FY25 Performance and Outlook. Listen to the full earnings transcript.
Agrochemicals company Dhanuka Agritech announced FY24 results: The company recorded revenues of Rs 1,758.54 crore for Q4FY24, an increase of 3.4% over PY of Rs 1,700.22 crore. Profit after tax was Rs 239.09 crore, as compared to PY profit after tax of Rs 233.51 crore. Commenting on the Q4 performance, M. K. Dhanuka, Vice-Chairman and Managing Director, Dhanuka Agritech said, despite the year 2023 recording below-average rainfall (820 mm compared to the usual 868.6 mm) due to El Nino, prevailing volatile and challenging market conditions, the company performed reasonably well. Our new product offerings have received encouraging responses from the farming community. As IMD forecasts predict above-normal rainfall this year, it would significantly benefit the agriculture sector, especially the kharif season. Accordingly, we at Dhanuka are hopeful of delivering a strong performance and profit stabilization in the current financial year. Projecting into the current financial year, he said like the last few years, the company plans to launch several groundbreaking products in the current financial year. These advancements will not only revolutionize Indian agriculture but also solidify the company's position in the competitive agrochemical market. Already, in the month of April-May, we have launched three innovative products including the global introduction of the herbicide ‘Purge’, as well as the launch of insecticide ‘LaNevo’, and bio-fertilizer ‘MYCORe Super’. The initial feedback of the market is phenomenal for all these products and we plan the introduction of more innovative products over the next few months. Result PDF
Conference Call with Dhanuka Agritech Management and Analysts on Q4FY24 Performance and Outlook. Listen to the full earnings transcript.