Dhanuka Agritech Q4 Review - The Formula Remains Strong: Centrum Broking

Dhanuka Agritech Q4 Review - The Formula Remains Strong: Centrum Broking

A farmer prepares a tank of fertilizer for tobacco fields. (Photographer: Nicolo Filippo Rosso/Bloomberg)

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Centrum Broking Report

Dhanuka Agritech Ltd. had a very strong Q4, with revenue/Ebitda/profit after tax of Rs 2.75/0.65/0.49 billion respectively, growing 21/41/25% YoY.

Coupled with an already impressive nine months FY21, this quarter performance has driven the strongest year ever for the company with FY21 Ebitda/profit after tax of Rs 2.7 billion/2.1 billion the highest this decade.

For the quarter, the company reported a small dip QoQ in revenue (down 7%) but Ebitda/profit after tax have still grown by 29/21.5% respectively, helped by a record gross margin of 42.9% and record Ebitda margin of 23.5%.

Click on the attachment to read the full report:

Centrum Broking Dhanuka Agritech - Q4FY21 Result Update .pdf
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