Hester Biosciences - Strong Poultry Demand Drives Q4 Performance: ICICI Direct
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ICICI Direct Report
Hester Biosciences Ltd.'s Q4 revenues grew 47.1% to Rs 64.2 crore due to 74.4% growth in poultry segment to Rs 52.7 crore as bird-flu incidences led to higher usage of preventive and curative poultry vaccines and health products.
However, animal healthcare segment de-grew 11.6% YoY to Rs 11.5 crore.
Ebitda margins, not comparable YoY due to pandemic impacted base, came in at 30.8% (16.5% in Q4 FY20).
Ebitda came in at Rs 19.8 crore, ~2.8 times YoY.
Adjusting for exceptional loss on Patan farm disposal, profit after tax came in at Rs 13 crore versus Rs 2.7 crore in Q4 FY20.
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