Agrochemicals company Heranba Industries announced Q3FY25 results Revenues for Q3FY25 stood at Rs 341.56 crore, marking an 8.82% YoY increase from Rs 301.35 crore in Q3FY24. EBITDA declined by 49.32% YoY to Rs 12.79 crore in Q3FY25, compared to Rs 25.93 crore in Q3FY24, with EBITDA margin contracting by 491 bps to 3.74%. Profit After Tax (PAT) stood at Rs (10.37) crore in Q3FY25, compared to Rs 13.92 crore in Q3FY24, with PAT margin declining by 767 bps to -3.03%. Raghuram K. Shetty, Managing Director of Heranba Industries, commented, “The Company revenues stood at Rs 341.56 crore. in Q3FY25 driven by strong performance in domestic markets navigating uneven monsoon distribution. Our export business was affected by the weak export demands & falling prices. We are dedicated to accelerating revenue growth and productivity efforts in order to achieve significant margin expansion and we continue to view FY25 as crucial acceleration point in Heranba’s trajectory." Result PDF
Agrochemicals company Heranba Industries announced H1FY25 results Revenue from Operations at Rs 737.87 crore in H1FY25 as compared to Rs 707.13 crore in H1FY24. EBITDA at Rs 104.04 crore with EBITDA Margins at 14.10% in H1FY25 as compared to Rs 47.90 crore with EBITDA Margins at 6.77% in H1FY24. Profit after tax stood at Rs 54.26 crorein H1FY25 as compared 21.3 crore in H1FY24. Raghuram K. Shetty, Managing Director of Heranba Industries, said: “I am pleased to report that we have maintained our growth momentum in the first half of FY25 by reporting a strong set of numbers. We saw an increase of 5% in our revenues and 54 crore PAT in H1FY25. Our continued growth trajectory in yet another year and quarter shows the strong and resilient DNA that we are built on. We are dedicated to accelerating revenue growth and productivity efforts in order to achieve significant margin expansion, and we continue to view FY25 as a crucial acceleration point in Heranba's trajectory.” Result PDF
Agrochemicals company Heranba Industries announced Q1FY25 results: Revenue from Operations at Rs 297 crore in Q1FY25 as compared to Rs 281 crore in Q1FY24. EBITDA at Rs 41 crore during the quarter with EBITDA Margins at 13.99% in Q1FY25. Profit After Tax stood at Rs 17 crore in Q1FY25 as compared to loss of 5.61 crore in Q1FY24. Raghuram K. Shetty, Managing Director of Heranba Industries, commented, “I am pleased to report that we have maintained our growth momentum in the first quarter of FY25 by reporting a strong set of numbers. We saw an increase of 6 % in our revenues and 17 crore PAT in Q1FY25. Our continued growth trajectory in yet another year and quarter shows the strong and resilient DNA that we are built on. We are dedicated to accelerating revenue growth and productivity efforts in order to achieve significant margin expansion, and we continue to view FY25 as a crucial acceleration point in Heranba's trajectory.” Result PDF
Agrochemicals company Heranba Industries announced FY24 results: Revenue from Operations stood at Rs 1,274.75 crore in FY24 as compared to Rs 1,324.40 crore in FY23. EBITDA stood at Rs 126.99 crore during the year with EBITDA margin at 9.96% in FY24. Profit After Tax stood at Rs 66.35 crorein FY24 as compared to Rs 110.10 crore in FY23. Raghuram K. Shetty, Managing Director of Heranba Industries Limited, commented, “The Company’s FY24 revenues stood at Rs 1,274.75 crore restricted by unfavourable global economic scenario, inventory build-up in the system and sluggish demand from key export regions. However, we have witnessed decent traction for our formulation products in both domestic and export markets. The EBITDA margins remained muted during FY24 due to lower price realization in export markets and falling prices in finished goods. Despite of a challenging year, Heranba’s Balance Sheet continues to remain strong. We are dedicated to accelerating revenue growth and productivity efforts in order to achieve significant margin expansion and we continue to view FY25 as a crucial acceleration point in Heranba’s Trajectory. The Company continues to strengthen its product portfolio with new product registrations in both domestic & export markets and leverage its distribution network for delivering growth in the coming years.” Result PDF
Agrochemicals company Heranba Industries announced Q3FY24 & 9MFY24 results: Q3FY24: Revenues: Rs 301.70 crore in Q3FY24 compared to Rs 280.21 crore in Q3FY23, indicating a change of 7.60%. EBITDA: Rs 34.94 crore in Q3FY24 compared to Rs 26.45 crore in Q3FY23, showing a change of 32.09%. EBITDA Margin: 11.58% in Q3FY24 compared to 9.43% in Q3FY23, reflecting an increase of 215 basis points (bps). PAT: Rs 19.21 crore in Q3FY24 compared to Rs 14.39 crore in Q3FY23, showing a change of 33.49%. PAT Margin: 6.36% in Q3FY24 compared to 5.13% in Q3FY23, indicating an increase of 123 bps. 9MFY24: Revenues: Rs 1,013.46 crore in 9MFY24 compared to Rs 1065.48 crore in 9MFY23, showing a change of -4.80%. EBITDA: Rs 78.13 crore in 9MFY24 compared to Rs 117.43 crore in 9MFY23, indicating a change of -33.46%. EBITDA Margin: 7.71% in 9MFY24 compared to 11.02% in 9MFY23, reflecting a decrease of 331 bps. PAT: Rs 53.26 crore in 9MFY24 compared to Rs 95.78 crore in 9MFY23, showing a change of -44.39%. PAT Margin: 5.25% in 9MFY24 compared to 8.98% in 9MFY23, indicating a decrease of 373 bps. Raghuram K. Shetty, Managing Director of Heranba Industries, commented, “The Company revenues stood at Rs 301.70 Cr. in Q3FY24 driven by strong performance in domestic markets navigating uneven monsoon distribution. Our export business was affected by the weak export demands & falling prices. We are dedicated to accelerating revenue growth and productivity efforts in order to achieve significant margin expansion and we continue to view FY24 as crucial acceleration point in Heranba’s trajectory. Result PDF
Agrochemicals company Heranba Industries announced Q1FY24 results: Revenue from Operations at Rs 2,824 million in Q1FY24 as compared to Rs 3,619 million in Q1FY23. EBITDA at Rs 99 million during the quarter with EBITDA Margins at 3.50% in Q1FY24. Profit After Tax stood at Rs 15.1 million in Q1FY24 as compared to Rs 337 million in Q1FY23. Raghuram K. Shetty, Managing Director of Heranba Industries, commented, “The Company’s revenues stood at 282 crore in Q1FY24, despite of adverse macro-economic environment and delay in monsoons in the domestic markets. Our EBITDA margins were under check owing to a rise in raw material prices, higher power costs, supply chain-related constraints, and a reduction in finished goods prices. However, we are confident of growth in the coming quarter owing to robust demand. We are also witnessing good traction for our products in the domestic markets with the monsoons making up for the Q1 deficit and adequate reservoir levels. The ongoing capex at our Sarigam and Saykha facilities is shaping up well. Heranba will continue to leverage its integrated manufacturing facilities, wide distribution network, and presence across the value chain, and thrust on R&D; to offer high-quality varied products, aiding farmers to enhance their crop yield and income. The Company looks forward to adding new product registrations, thereby expanding its diverse customer base and driving Heranba’s next wave of growth.” Result PDF
Agrochemicals company Heranba Industries announced FY23 results: Revenue from Operations stood at Rs 13,244 million in FY23 as compared to Rs 14,504 million in FY22 EBITDA stood at Rs 1,746 million during the year with EBITDA margin of 13.05% in FY23 Profit After Tax stood at Rs 1,101 million in FY23 as compared to Rs 1,891 million in FY22 Raghuram K. Shetty, Managing Director of Heranba Industries, commented, “The company’s FY23 revenues stood at Rs 13,380 million restricted by unfavourable global economic scenario, inventory build-up in the system and sluggish demand from key export regions. However, we have witnessed decent traction for our formulation products in both domestic and export markets. The EBITDA margins remained muted during FY23 due to lower price realization and higher power & fuel costs. Despite a challenging year, Heranba’s Balance Sheet continues to remain strong with a ‘Net Debt Free’ status coupled with healthy gross cash & cash equivalents balance of Rs 1,186 million as on 31st March 2023 fuelling the Company’s capex plans. Heranba’s has aptly responded to the recent Gujarat Pollution Control Board (GPCB) closure notice for its Vapi plant. The management is confident to resume commercial production from the Vapi unit in the coming days and the GPCB’s temporary Vapi plant’s closure notice has no impact on Heranba’s future business operations. The Company continues to strengthen its product portfolio with new product registrations in both domestic & export markets and leverage its distribution network for delivering growth in the coming years.” Result PDF