Sharda Cropchem Ltd Share Price – NSE  /  BSE

Agro Chemicals, Small Cap

Net profit of Sharda Cropchem reported to Rs 27.25 crore in the quarter ended June 2024 as against net loss of Rs 88.64 crore during the previous quarter ended June 2023. Sales rose 23.11% to Rs 785.11 crore in the quarter ended June 2024 as against Rs 637.75 crore during the previous quarter ended June 2023.

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Sharda Cropchem will hold a meeting of the Board of Directors of the Company on 23 July 2024.

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Sharda Cropchem announced that the Annual General Meeting (AGM) of the company will be held on 9 August 2024.

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Revenue from operations stood at Rs 1,312.05 core during the quarter, steeply higher than Rs 632.46 crore in Q3 FY24.

On year on year basis, the company’s consolidated net profit and revenue declined 27.85% and 11.46% in Q4 FY23.

EBITDA stood at Rs 302.7 crore in Q4 FY24, registering de-growth of 3% from Rs 311.8 crore posted in Q4 FY23. EBITDA margin expanded to 23.1% in Q4 FY24 as against 21% in Q4 FY23.

During the quarter, Agrochemical Segment contributes 93% of revenue while Non-agrochemical segment contributes 7% of in Q4 FY24.

Revenue from Agrochemical segment fell 8% YoY to Rs 1216 crore while Non Agrochemical segment tumbled 42% year on year to Rs 97 crore.

On full year basis, the company’s consolidated net profit tumbled 91% to Rs 31.9 crore in FY24 from Rs 342 crore in FY23. Revenue from operations fell 22% YoY to Rs 3,163 crore in FY24.

Meanwhile, the company’s board has declared he dividend of Rs 3 per share of face value of Rs 10 each for financial year 2023-2024.

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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