Dhanuka Agritech Q4 Review - An Exhibition Of Strong Underlying Agri-Commodity Cycle: Dolat Capital
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Dolat Capital Report
Dhanuka Agritech Ltd.’s earnings print is an exhibition of a strong underlying agri-commodity cycle.
The company grew its sales by 21.1% YoY to Rs 2.76 billion in Q4 FY21 while Ebitda grew by 41.2% YoY to Rs 646 million and profit after tax grew by 24.7% YoY to Rs 486 million.
Gross margins were flattish on a YoY basis at 42.9%, while Ebitda margins saw a strong expansion of 334 basis points YoY to 23.5%.
Other expenses were curtailed due to lower travelling and marketing costs in the prevailing pandemic times.
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