Dhanuka Agritech Q4 Results Review - Double Digit Growth Guidance Despite Uncertainties: Dolat Capital

Remain cautious of the weaker monsoon forecast which could affect FY24 performance.

Cotton bolls grow on a plant in a field in India. (Photographer: Prashanth Vishwanathan/Bloomberg)

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Dolat Capital Report

  • Dhanuka Agritech reported a revenue growth of 16.6% YoY to Rs 3.7bn (D.est: Rs 3.6bn) with equal growth witnessed in both pricing and volumes.

  • EBITDA grew by 19.7% YoY to Rs 779mn (D.est : Rs 649mn) which was led by lower employee costs (up 4% YoY) and lower Opex (down 3% YoY) translating to an EBITDA margin improvement of 53bps YoY to 21%

  • PAT grew by 20.3% YoY to Rs 653mn (D.est : Rs 541mn) driven by healthy operational performance.

Dhanuka Agritech (Q4FY23 Result Update)_25-May-2023.pdf
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Also Read: Q4 Results: Stable Raw Material Prices Ahead, Says Dhanuka Agritech

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