Dolat Capital: Dhanuka Agritech Logs Decent Q2 Amid Challenging Environment
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Dolat Capital Report
Dhanuka Agritech Ltd. reported a decent set of Q2 FY21 numbers in spite of a challenging environment amid excessive rainfalls in August-September 2020, low pest infestation and a reasonably filled channel inventory.
Sales grew by 10.0% YoY to Rs 4.42 billion, which was led by an equivalent volume and pricing growth.
Ebitda grew by 21.3% YoY to Rs 890 million owing to easing input costs. Profit after tax grew by 16.8% YoY to Rs 701 million owing to a higher other income (up 71% YoY) and low depreciation (down 44% YoY).
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