Sharda Cropchem posts Q1 FY25 consolidated profit at Rs. 27.3 Cr

Date:07-25-2024

Sharda Cropchem Limited, an Agrochemicals Company with a peer position in the generic crop protection chemicals industry has announced its unaudited financial results for the quarter ended 30th June 2024.

Consolidated Financial Highlights

Commenting on the Results, Mr. Ramprakash Bubna, Chairman and MD, said :

″In Q1FY25, we recorded an improvement in financial results on Y-o-Y basis despite a challenging market environment. Revenue has grown by 23% majorly due to growth in volumes by 41% as compared to last year. We have seen volume growth across all major regions with Europe nearly doubling. Volumes from Agrochemicals grew by 49%. Gross Margins at 29.2% have come back to normalcy and we expect this to improve in this financial year with prices expected to increase. This enhances profitability and organisational agility, ensuring a strong foundation for future growth.

As we look ahead, we aim to increase our product registrations and expect Capex of ~Rs. 400-450 crores on the same in FY25 and expand our global presence.″