Agrochemicals firm Heranba Industries announced Q3FY23: Q3FY23: Revenue from operations stood at Rs 2,802 million in Q3FY23 as compared to Rs 3,954 million in Q3FY22. EBITDA stood at Rs 264 million during the quarter with EBITDA margin of 9.41% in Q3FY23. Profit after tax stood at Rs 144 million in Q3FY23 as compared to Rs 535 million in Q3FY22. Mr. Raghuram K. Shetty, Managing Director of Heranba Industries Limited, commented, “The company’s 9MFY23 revenues stood at Rs 10,655 million impacted by challenging global macros including prolonged geopolitical concerns, rising inflation in major economies and slowdown in demand. The domestic technical business witnessed lower demand due to challenging market conditions coupled with a higher inventory. Our export business was impacted by volatile global macroeconomics. The EBITDA margins were suppressed during 9MFY23 due to higher raw material prices and an increase in power & fuel costs. Heranba’s capex plans are progressing as planned and it will further strengthen the Company’s capacities and capabilities for the coming years. Heranba aims to leverage its sales and marketing teams' reach to strengthen its relationships with existing customers along with adding new customers. The near-term outlook is challenging for the entire agrochemical industry. However, Heranba will continue to diversify its product portfolio, widen its distribution network and sharpen its R&D; focus for creating sustainable growth.” Result PDF
Agrochemicals firm Heranba Industries announced Q2FY23 results: Revenue from oiperations increased by 19.8% YoY to Rs 4,233 million in Q2FY23, as compared to Rs 3,534 million in Q2FY22 EBITDA grew by 6.2% YoY to Rs 705 million during the quarter with an EBITDA margin of 16.49% in Q2FY23 Profit After Tax stood at Rs 477 million in Q2FY23, as compared to Rs 456 million in Q2FY22 Raghuram K Shetty, Managing Director of Heranba Industries Ltd, commented, “The company revenues surged by 19.8% YoY to 24,233 million in Q2FY23 driven by strong performance in domestic markets navigating uneven monsoon distribution. Our export business was impacted by the lockdown in China, coupled with volatile global macroeconomics. Our EBITDA margins were under check due to higher raw material prices and a rise in power and fuel costs. The domestic agrochemical industry is likely to do well in H2FY23 due to residual moisture owing to the late withdrawal of the southwest monsoon, higher reservoir levels and a rise in MSP (Minimum Support Prices) of Rabi crops in the upcoming 2023-24 marketing season. We have spent Rs 410 million on capex at our Sarigam facility during H1FY23 and will be spending additional Rs 1,000 million in H2FY23. The commercial production of technical grade pesticides and intermediates from the Sarigam facility is likely to commence from Q1FY24, adding meaningful contribution to the company’s revenues. Heranba continues to look forward to create sustainable growth for its stakeholders with its diverse product portfolio, R&D; capabilities and prudent growth strategies.” Result PDF
Agrochemicals firm Heranba Industries announced Q1FY23 Result : Revenues at Rs 3,619 million and PAT at Rs 337 million in Q1FY23 Revenue from Operations at Rs 3,619 million in Q1FY23 as compared to Rs 3,514 million in Q1FY22. EBITDA at Rs 507 million during the quarter with EBITDA Margins at 14.02% in Q1FY23. Profit After Tax stood at Rs 337 million in Q1FY23 as compared to Rs 474 million in Q1FY22. Mr. Raghuram K. Shetty, Managing Director of Heranba Industries Limited, commented, “The Company’s revenues grew by 3% YoY to Rs 3,619 million in Q1FY23, 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 and supply chain related constraints. 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 monsoons making up for Q1 deficit and adequate reservoir levels. The ongoing capex at our Sarigam facility is shaping up well. Heranba will continue to leverage its integrated manufacturing facilities, wide distribution network, 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 add new product registrations, thereby expanding its diverse customer base and driving Heranba’s next wave of growth.” Result PDF
Agrochemicals company Heranba Industries declares Q4FY22 result: Full Year Revenue from Operations at Rs 14,504 million– growth of 19.02% Full Year EBITDA (incl. other income) margins at 19.24% Full Year Profit After Tax at Rs 1,891 million- growth of 22.59% Financial Highlights for Year ended March 31st, 2022: Revenue from Operations at Rs 14,504 million in FY22 as compared to Rs 121,86 million in FY21 – growth of 19.02%. EBITDA (incl. other income) at Rs 2,791 million in FY22 as compared to Rs 2,284 million in FY21 – growth of 22.22%. EBITDA (incl. other income) Margins were at 19.24% in FY22, well within the guided range. Profit After Tax at Rs 1,891 million in FY22 as compared to Rs 1,542 million in FY21 – growth of 22.59%. Financial Highlights for Quarter ended March 31st, 2022: Revenue from Operations at Rs 3,501 million in Q4FY22 as compared to Rs 2,678 million in Q4FY21 – growth of 30.73% YoY. EBITDA (incl. other income) at Rs 673 million in Q4FY22 as compared to Rs 630 million in Q4FY21 – growth of 6.77% YoY. EBITDA (incl. other income) Margins were at 19.23% in Q4FY22, well within the guided range. Profit After Tax was flat at Rs 426 million in Q4FY22 as compared to Rs 433 million in Q4FY21. Mr. Raghuram K. Shetty, Managing Director of Heranba Industries Limited, commented, “I am pleased to announce that we have reported a strong set of numbers for the fiscal year 2021-22, wherein we saw an increase of 19% in our revenues and of 23% in our PAT numbers on a year-on-year basis. This along with EBITDA margin being in the guided range of 18% to 20%, we are set to carry the momentum in FY23.” He added- “Leveraging our integrated manufacturing facilities and wide distribution network, we are in pursuit of expanding our already diverse customer case by accelerating our product registrations across the globe in order to continue Heranba’s growth momentum.” Result PDF
Conference Call with Heranba Industries Management and Analysts on Q4FY22 Performance and Outlook. Listen to the full earnings transcript.
Agrochemicals Company Heranba Industries declares Q3FY22 result: Revenue at INR 3,953.94 million in Q3FY22 as compared to INR 3,324.73 million in Q3FY21, a growth of 18.93% on YoY basis and growth of 11.87% on QoQ basis. EBITDA (incl. other income) at Rs 763.49 million in Q3FY22 as compared to Rs 651.79 million in Q3FY21 – growth of 17.14% YoY and growth of 15.07% QoQ EBITDA (incl. other income) Margins were at 19.31% in Q3FY22 as compared to 19.60% in Q3FY21 – de-growth of approx. 29 bps YoY and growth of 54 bps QoQ Profit After Tax at Rs 534.85 million in Q3FY22 as compared to Rs 447.26 million in Q3FY21 – growth of 19.54% YoY and growth of 17.21% QoQ Mr. Raghuram K. Shetty, Managing Director of Heranba Industries Limited, commented, “I am pleased to announce that we have reported a strong set of numbers for the third quarter of the current fiscal, wherein we saw an increase of 19% in our revenues and 20% in our PAT numbers on a year-on-year basis in Q3FY22 and with this momentum we are set to achieve our year-end revenue and margin targets.” He added- “Leveraging our integrated manufacturing facilities and wide distribution network, we are in pursuit of expanding our already diverse customer case by accelerating our product registrations across the globe in order to continue Heranba’s growth momentum.” Result PDF