Dolat Capital: Dhanuka Agritech Logs Decent Q2  Amid Challenging Environment
A labourer sprays insecticide and pesticide on a tea estate in Coonoor, Tamilnadu, India. (Prashanth Vishwanathan/Bloomberg News)

Dolat Capital: Dhanuka Agritech Logs Decent Q2 Amid Challenging Environment

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

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).

Click on the attachment to read the full report:

Dolat Capital Dhanuka Agritech Q2FY21 Result Update.pdf


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