Meghmani Organics Q1 FY25 EBITDA stood at Rs. 14.2 Cr

Date:07-29-2024

Meghmani Organics Limited (MOL) (BSE: 543331, NSE: MOL), a fully integrated diversified chemical company announced its financial results for the first quarter ended 30 June 2024 (Q1 FY25).

Financial Results at Glance: 

Revenue from operations remained flat at INR 411.1 crore for the quarter under review. Meanwhile, EBITDA stood at INR 14.2 crore in Q1 FY25, increasing by 194% YoY and 40% on QoQ basis. Both the segment witnessed healthy volume growth in Q1 FY25 which was offset by lower product price realizations across markets impacting profitability during the quarter under review.

Crop Protection constitutes ~66% of the overall company’s revenue in Q1 FY25. The segment reported Net Revenue and EBITDA of INR 272.6 crore and INR 11.3 crore respectively as compared to INR 300.2 crore and INR 0.5 crore in corresponding previous year.

Pigments constitutes ~34% of the overall company’s revenue in Q1 FY25. The segment reported Net Revenue and EBITDA of INR 138.5 crore and INR 9.4 crore respectively as compared to INR 121.4 crore and INR (8.4) crore in corresponding previous year.

Commenting on Q1 FY25 performance, Mr. Ankit Patel, Chairman & Managing Director said ″For the quarter under review, we witnessed health volume growth in both the segments implying a gradual recovery in demand. However, this was offset by lower product price realizations across markets impacting our profitability.

In our Crop Nutrition segment, we are pleased to share that we have successfully launched 8 new products in fertilizers, biofertilizer and biostimulant category, providing a comprehensive, one-stop solution for our farmers to improve the productivity and nutrient use efficiency.

Moving ahead in FY25, we are optimistic that in the coming quarters with the momentum in the demand recovery followed by improved pricing will enhance our profitability.″