Q3FY23 Quarterly Result Announced for Astec Lifesciences Ltd.
Agrochemicals firm Astec Lifesciences announced Q3FY23 results: Consolidated Q3FY23: Company reported total income of Rs 121 crore in Q3FY23 as compared to Rs 175.3 crore in Q3FY22 Company reported EBITDA of Rs 15.9 crore in Q3FY23 as compared to Rs 44.8 crore in the same period last year, EBITDA margin stood at 13.2%. Consolidated 9MFY23: Total income increased to Rs 511.7 crore in 9MFY23 from Rs 408.2 crore in 9MFY22, a growth of 25.3% YoY. The company reported an EBITDA of Rs 81.3 crore in 9MFY23 as compared to Rs 92.3 crore in the same period last year, EBITDA margin stood at 15.9%. The company reported profit after tax of Rs 30.6 crore in 9MFY23 as compared to Rs 46.8 crore in the same period last year Commenting on the performance, Mr. N B Godrej, Chairman, Astec LifeSciences Limited, said: Q3FY23 was a challenging quarter for Astec’s enterprise business as our key products witnessed sluggish demand and lower realization in most of the markets. However, CMO sales grew by 2.8x YoY partly offsetting the decline in volumes from enterprise business. Result PDF31-01-2023