Dhanuka Agritech Q3 Review -Gross Margins Cushion Value Erosion, ITI To Drive Growth In FY25: Axis Securities

There was 567 bps YoY improvement in gross margins during the quarter largely on account product mix

(Source: Unsplash)

NDTV Profit’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 NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Axis Securities Report

Dhanuka Agritech Ltd. reported revenue of Rs 403 crore, up by 2.5% YoY and down by 35% QoQ, missing our estimate by 10%. Company reported Ebitda of Rs 62 crore, up by 20% YoY and down by 56% QoQ, inline with our estimate of Rs 63 crore.

Dhanuka reported Ebitda margin of 15.4%. Ebitda margins elevated due to better operating performance, against 13% YoY. Company beat our estimate on profit after tax front. PAT came in at Rs 45 crore, betting our estimate by 4.2%.

Click on the attachment to read the full report:

Axis Securities Dhanuka Agritech Results Update.pdf
Read Document

Also Read: UPL Q3 Results Review - Global Headwinds Continue To Dent Revenue: Motilal Oswal

DISCLAIMER

This report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

lock-gif
To continue reading this story
Subscribe to Unlock & Enjoy your
Subscriber-Only benefits
Still Not convinced ?  Know More
Watch LIVE TV , Get Stock Market Updates, Top Business , IPO and Latest News on NDTV Profit.
GET REGULAR UPDATES