Q3 2025 Sharda Cropchem Ltd Earnings Call Transcript
Key Points
- Sharda Cropchem Ltd (BOM:538666) reported a 47% year-on-year revenue growth in Q3 FY25, reaching INR929 crores.
- The company's agrochemical segment saw a significant volume growth of 50% year-on-year.
- Gross margins improved by 660 basis points to 32.7%, attributed to stabilizing raw material prices.
- EBITDA for the quarter increased by 232% year-on-year, reaching INR157 crores.
- The company remains net debt-free with cash, bank, and liquid investments totaling INR742 crores as of December 31, 2024.
- The PAT margin decreased from 5.41% in Q2 to 3.34% in Q3, primarily due to foreign exchange losses.
- The non-agrochemical business experienced a 4% year-on-year decrease in revenue over the nine months of FY25.
- There is a concern about competitive intensity from Chinese players entering the market.
- The depreciation and amortization charges significantly impacted the segmental EBIT for the agrochemical business.
- The company faces challenges in maintaining high margins due to slow improvement in pricing and persistent competition.
Ladies and gentlemen, good day, and welcome to Q3 and nine months FY25 earnings conference call of Sharda Cropchem Limited. (Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Mr. Manish Mahawar from Antique Stockbroking. Thank you, and over to you, Mr. Manish.
Thank you, Manav. On behalf of Antique Stockbroking, warm welcome to all the participants on the 3Q FY25 Earnings Call of Sharda Cropchem. Today, we have Mr. R.V. Bubna, Chairman and Managing Director; and Mr. Shailesh Mehendale, CFO, on the call. Without any delay, I would like to hand over the call to Mr. Bubna for opening remarks, post which we will open the floor for Q&A. Thank you, and over to you, Mr. Bubna.
Thank you, Manish ji. Thank you very much. Good evening, and
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