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Dhanuka Agritech Ltd. — Earnings Release 2025
Aug 2, 2024
61335_rns_2024-08-02_e231f8d8-412e-47ce-b55b-894ddb1f63ef.pdf
Earnings Release
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Date: 2[nd] August, 2024
Listing Department The Department of Corporate ServicesNational Stock Exchange of India Listing Limited The BSE Ltd. Exchange Plaza, Phiroze Jeejeebhoy Towers, Plot No. C/1, G. Block, Dalal Street, Bandra- Kurla Complex, Mumbai- 400 001 Bandra East, Mumbai-400 051 Symbol- DHANUKA Scrip Code : 507717
Sub: Press Release- Un-Audited Standalone & Consolidated Financial Results of the Company for the Quarter ended June 30, 2024
Dear Sir/Madam,
Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, enclosed herewith is a copy of the Press Release with regard to the Un-Audited Standalone & Consolidated Financial Results of the Company for the Quarter ended June 30, 2024.
A copy of the Press Release is also uploaded on the website of the Company at www.dhanuka.com
Please take the above information in your record.
Thanking you,
For Dhanuka Agritech Limited
JITIN Digitally signed by JITIN SADANA SADANA Date: 2024.08.02 18:42:37 +05'30' Jitin Sadana Company Secretary and Compliance Officer FCS-7612
Registered & Corporate Office : Global Gateway Towers, Near Guru Dronacharya Metro Station, MG Road, Gurugram-122002, Haryana
Tel: +91-124-434-5000, Email: [email protected], Website: www.dhanuka.com CIN: L24219HR1985PLC122802
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Dhanuka Agritech Q1 net profit up by 48.5% YOY to Rs. 48.90 crore
Revenue from operations Q1 grows 33.7% Y-O-Y to Rs 493.58 Crore
- EBITDA Q1 grows 64.5% Y-O-Y to Rs. 71.72 Crore
New Delhi, Aug 2, 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
| the corresponding period of FY'24. | ||||||
| Financial Performance Update | ||||||
| INR crore | Q1FY25 | Q1FY24 | YoY (changed %) | |||
| (Unless otherwise stated) | ||||||
| Revenue from Operations | 49358 | 36907 | 337% | |||
| . | . | . | ||||
| 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
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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.
About Dhanuka Group : Dhanuka Group is one of India’s leading plant protection companies, listed on BSE and NSE. With 4 manufacturing units across Gujarat, Rajasthan, and J&K, Dhanuka operates through 41 warehouses and a network of 6,500 distributors and around 80,000 retailers.
The company's international collaborations with leading agrochemical companies introduce cuttingedge technology to Indian farmlands. Backed by a workforce of over 1,000 techno-commercial staff and supported by a robust R&D division and distribution network, Dhanuka serves approximately 10 million Indian farmers with its products and services
For media information:
Dhanuka Agritech: Nishtha Saxena / 9911236995 / [email protected]
PR Partner: Slough PR/ Archana Dwivedi / 9958989404 / [email protected]