Dhanuka Agritech Q4 net up 24.72% at Rs48.64cr on higher revenues and cost controls

Date:05-25-2021

Dhanuka Agritech reported 21.09% yoy rise in consolidated revenues for the Mar-21 quarter at Rs275.56cr. The revenues were however down by -6.80% on a sequential basis compared to revenues of Rs295.67cr in the Dec-20 quarter.

During the previous quarter, the company had done a buyback worth Rs.100cr when it had bought back 10 lakh shares at a price of Rs.1,000. This reduction in share capital also gave a boost to the EPS in the quarter.

For the Mar-21 quarter, Dhanuka reported 24.72% growth in net profits at Rs48.64cr on the back of higher sales and cost controls implemented.

The net profit margins of Dhanuka improved from 17.14% in Mar-20 quarter to 17.65% in Mar-21 quarter. NPMs were substantially better on sequential basis compared to 13.54% NPM in Dec-20 quarter.

Financial highlights for Mar-21 compared yoy and sequentially