Dhanuka Agritech Q3 PAT up 44.7% at Rs40.04cr on lower input costs

Date:02-04-2021

Dhanuka Agritech reported 8.91% rise in total revenues for the Dec-20 quarter on consolidated basis at Rs295.67cr. Like most of the agrochemical companies operating in the agri space, Dhanuka also had its best quarter during the Kharif peak in Sep-20. Revenues are up yoy but on a sequential basis it is down nearly 33%.

The consolidated Profit after tax (PAT) for the Dec-20 quarter was down up 44.7% at Rs40.04cr on the back of lower input costs and miscellaneous expenses as the company implemented cost control measures. Profits were up on a yoy basis but sharply down on sequential basis. PAT margins improved from 10.19% in Dec-19 to 13.54% in Dec-20.