Sharda Cropchem Ltd Share Price – NSE  /  BSE

Agro Chemicals, Small Cap

Revenue from operations declined due to weaker demand because of a drought season in Europe and adverse weather conditions in NAFTA and Lower product price realizations across all regions.

Profit before tax slumped by 91.56% to Rs 12.11 crore in Q3 FY24 as against Rs 143.43 crore in Q3 FY23.

EBITDA tumbled 76% to Rs 47.2 crore in Q3 FY24 from Rs 196.7 crore posted in Q3 FY23. EBITDA margin contracted to 7.5% as on 31 December 2023 as against 19.3% as on 31 December 2022.

In Q3 FY24, revenue from agrochemicals was at Rs 509.73 crore (down 39.46% YoY) while non agri-chemicals stood at Rs 122.72 crore (down 30.02% YoY).

Sharda Cropchem is a global crop protection chemical company largely operating across Europe, NAFTA and Latin America across fungicides, herbicides and insecticides.

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Net profit of Sharda Cropchem declined 95.72% to Rs 4.64 crore in the quarter ended December 2023 as against Rs 108.39 crore during the previous quarter ended December 2022. Sales declined 37.83% to Rs 632.46 crore in the quarter ended December 2023 as against Rs 1017.30 crore during the previous quarter ended December 2022.

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Sharda Cropchem will hold a meeting of the Board of Directors of the Company on 24 January 2024.

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Kansai Nerolac Paints Ltd, 3M India Ltd, Polyplex Corporation Ltd, JK Paper Ltd are among the other stocks to see a surge in volumes on NSE today, 27 December 2023.

Sharda Cropchem Ltd witnessed volume of 19.09 lakh shares by 14:14 IST on NSE, a 18.82 times surge over two-week average daily volume of 1.01 lakh shares. The stock increased 6.29% to Rs.454.25. Volumes stood at 83250 shares in the last session.

Kansai Nerolac Paints Ltd witnessed volume of 38.75 lakh shares by 14:14 IST on NSE, a 15.14 times surge over two-week average daily volume of 2.56 lakh shares. The stock increased 4.46% to Rs.339.75. Volumes stood at 1.33 lakh shares in the last session.

3M India Ltd recorded volume of 29649 shares by 14:14 IST on NSE, a 13.92 times surge over two-week average daily volume of 2131 shares. The stock gained 7.04% to Rs.33,659.95. Volumes stood at 1511 shares in the last session.

Polyplex Corporation Ltd registered volume of 8.18 lakh shares by 14:14 IST on NSE, a 7.6 fold spurt over two-week average daily volume of 1.08 lakh shares. The stock rose 5.84% to Rs.1,074.15. Volumes stood at 71583 shares in the last session.

JK Paper Ltd witnessed volume of 48.25 lakh shares by 14:14 IST on NSE, a 5.95 times surge over two-week average daily volume of 8.11 lakh shares. The stock increased 4.27% to Rs.411.50. Volumes stood at 7.06 lakh shares in the last session.

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