BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Centrum Broking Report
Dhanuka Agritech Ltd.’s revenue/Ebitda/profit after tax declined 1/7.7/9.6% YoY in Q2 FY22 to Rs 4.4 billion/0.8 billion/0.6 billion, missing estimates of Rs 4.6 billion/0.9 billion/0.7 billion.
The decline comes on a strong base of Q2 FY21. Revenue grew 21% QoQ, but sharply higher gross margin (up 310 basis points QoQ) meant 34/30% QoQ growth in Ebitda/profit after tax.
With pressures on raw material costs and erratic monsoons in H1, overall prospects for FY22 remain muted.
The delay/unseasonal trends in monsoons in June-August hit growth in Q2 as well, and Dhanuka Agritech's management has turned cautious on prospects, lowering revenue/Ebitda margin guidance for FY22.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
As a Subscriber you get
Stories
RECOMMENDED FOR YOU
POPULAR