Q1 2025 Dhanuka Agritech Ltd Earnings Call Transcript
Key Points
- Dhanuka Agritech Ltd (BOM:507717) reported a significant revenue growth of 33.74% in Q1 FY25 compared to the previous year.
- EBITDA increased by 64.46% year-over-year, indicating strong operational performance.
- Profit after tax grew by 48.45% in Q1 FY25, showcasing robust profitability.
- The company introduced new products, LaNevo and MYCORe Super, which received a positive market response.
- Dhanuka Agritech Ltd (BOM:507717) has a strong herbicide portfolio, contributing to 50% of the turnover in Q1 FY25.
- The company experienced uneven rainfall in July, impacting herbicide liquidation.
- Despite the positive Q1 performance, the company only upgraded its annual revenue growth guidance from 18% to 20%, indicating cautious optimism.
- The Dahej plant is currently delivering negative EBITDA, affecting overall profitability.
- There were significant sales returns in July, which could impact future quarters.
- The company expects a decline of around 100 basis points in gross and EBITDA margins for the full year due to various factors, including the Dahej plant's performance.
Ladies and gentlemen, good day, and welcome to Dhanuka Agritech Q1 FY25 conference call hosted by Antique Stock Broking. (Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Ms. Darshita Sha from Antique Stock Broking.
Thank you. And over to you Ms. Shah.
Yeah. Thank you, Shlok. On behalf of Antique Stock Broking, we welcome all the participants to Dhanuka Agritech's first-quarter FY25 earnings call. Today, we have Mr. M.K. Dhanuka, Vice Chairman and Managing Director; Mr. Rahul Dhanuka, Joint Managing Director; Mr. Harsh Dhanuka, Executive Director; and Mr. VK Bansal, CFO, on the call.
Without further delay, I would like to hand over the call to Mr. Dhanuka for opening remarks. Post which, we can open the floor for Q&A. Thank you, and over to you Dhanuka ji.
Thank you, Darshita ji. Good afternoon,
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