New Delhi, Aug 3, 2024
Dhanuka Agritech — one of the leading agrochemicals companies in India — today reported financial results for the first quarter of 2024-25 financial year.
Gurugram-headquartered firm clocked Rs. 48.90 crore profit during April-June quarter of FY’25, up 48.5% from the same quarter of the previous fiscal year.
Total income grew 33.27% to Rs. 500.71 Crore in the first quarter of this fiscal from Rs. 375.72 Crore in the corresponding period of FY’24.
Financial Performance Update
| INR crore
(Unless otherwise stated) |
Q1FY25 | Q1FY24 | YoY (changed %) |
| Revenue from Operations
|
493.58 | 369.07 | 33.7% |
| Profit Before Tax (PBT) | 65.74 | 44.73 | 47% |
| Profit After Tax (PAT)
|
48.90 | 32.94 | 48.5% |
| EBITDA
|
71.72 | 43.61 | 64.5% |
Management take of Q1FY25 Performance
Commenting on the Q1 performance, Mr. Mahendra Kumar Dhanuka, Vice Chairman & Managing Director said: “The year has started on a positive note and we have witnessed decent demand for all our product categories during the first quarter. The timely arrival of the monsoon and dwindling inventory levels have contributed to increased orders from the distribution network, setting a positive trajectory for the company.
“I am happy to inform you that the sowing season is in full swing in July and the sowing acreages for major crops are expected to be higher in the ongoing season, particularly in the wake of the prediction of a normal monsoon. The management is confident of delivering healthy growth in the second quarter and improving the EBITDA margins,” said Mr. Dhanuka.
Dhanuka Agritech is also dedicated to introducing new technologies to the agriculture sector. The company conducts training programs nationwide to demonstrate these technologies and educate farmers on the proper use of agrochemicals. Notably, in India, the consumption of agrochemicals per acre remains significantly lower than the global average.