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Axis Securities Report
Dhanuka Agritech Ltd. reported a strong set of numbers. The company posted revenue of Rs 654 crore, up 6% YoY and 33% QoQ, in line with our estimate of Rs 666 crore. Ebitda came in at Rs 160 crore, up 13% YoY and registering a robust growth of 123% QoQ, beating our estimate of Rs 142 crore.
The company achieved an impressive Ebitda margin of 24.4%, elevated YoY due to better operating performance, compared to 22.9% in Q2 FY24. PAT stood at Rs 118 crore, up 15% YoY and showing strong growth of 140% QoQ, exceeding our estimates by 14%.
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