Q1 2025 Sharda Cropchem Ltd Earnings Call Transcript
Key Points
- Total revenue grew by 23% year-on-year to INR 785 crores.
- Agrochemical business increased by 43% year-on-year to INR 679 crores.
- Gross margin improved to 29.2% in Q1 FY 25 from 8.7% in Q1 FY 24.
- EBITDA for the quarter stood at INR 88 crores with an EBITDA margin of 11.3%, compared to a loss of INR 66 crores in Q1 FY 24.
- The company remains net debt-free with cash and liquid investments of INR 624 crores as of June 30, 2024.
- Non-agrochemical business decreased by 35% year-on-year to INR 106 crores.
- Other expenses saw a sharp increase, driven by legal and professional fees and foreign exchange losses.
- Inventory days increased from 85 days to 103 days year-on-year.
- Despite volume growth, margins in the eye care business remained low due to pricing pressures.
- High trade receivables remain a concern, although they have improved from the previous quarter.
Ladies and gentlemen, good day, and welcome to Southern Cross can Q1 FY 25 Conference Call hosted by Antique Stock. As a reminder, all participant lines will be in the listen-only mode. There will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call, please signal an operator by pressing star, then zero on your touchtone phone. Please note that this conference is being recorded. I now hand the conference over to Mr. Manish Mahavir, Nick Stock Broking.
Thank you, and over to you, sir, thank you. On behalf of Antique Stockbroking, warm welcome to all the participants on the 1Q FY 20 earnings call of Charter token. Today, we have Mr. Harvey Wagner, CFO and Managing Director, Mr. Sandeep Mandalay, CFO, and Mr. Dennis Sharp.
Yes, finance on the call. Without any delay, I would like to hand over the call to Mr. Wagner for opening remarks post which we'll open the floor for Q&A and to anybody with alumina.
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