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.
Dolat Capital Report
Sharda Cropchem Ltd. consolidated revenues for Q4 FY21 grew by 24.2% YoY to Rs 10.88 billion driven by strong volume growth of 36%, forex gain of 5% while there was an adverse price-product mix impact of 17%.
Gross margins in Q4 FY21 contracted by 495 basis points YoY to 31.3% as Q4 FY20 was an exceptional quarter that delivered a record high gross margin of 36.3%.
Ebitda grew handsomely by 24.8 YoY to Rs 2.03 billion (our estimate: Rs 1.76 billion) on the back of lower other expenses which were down by 12.2% YoY.
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