Godrej Agrovet Results Earnings Call for Q3FY23
Conference Call with Godrej Agrovet Management and Analysts on Q3FY23 Performance and Outlook. Listen to the full earnings transcript.09-02-2023
09-02-2023
Q3FY23 Quarterly Result Announced for Godrej Agrovet Ltd.
Other agriculture products firm Godrej Agrovet announced Q3FY23 results: Consolidated Q3FY23: Revenues from operations increased to Rs 2,323.5 crore from Rs 2,078.5 crore in Q3FY23, a growth of 12% YoY EBITDA, excluding non-recurring & exceptional items, increased to Rs 159.6 crore in Q3FY23 from Rs 153.9 crore in Q3FY22, a growth of 4% YoY The company reported profit before tax, excluding non-recurring & exceptional items, of Rs 87.8 crore in Q3FY23 as compared to Rs 92.9 crore in Q3FY22, a drop of 5% YoY. 9MFY23: 9MFY23 consolidated revenues from operations increased to Rs 7,278.7 crore from Rs 6,225.3 crore in 9MFY22, a growth of 17% YoY. Company reported consolidated EBITDA, excluding non-recurring & exceptional items, of Rs 488 crore in 9MFY23 as compared to Rs 529.9 crore in 9MFY22. Company reported Profit before tax, excluding non-recurring & exceptional items, of Rs 278.0 crore in 9MFY23 as compared to Rs 357.2 crore in 9MFY22. Commenting on the performance, BS Yadav, Managing Director, Godrej Agrovet Limited, said: "Godrej Agrovet maintained robust volume growth in Q3 and 9MFY23 with increase in top line of 12% YoY in Q3 and 17% YoY in 9MFY23 over the corresponding previous periods. However, on the margin front, it was a challenging quarter for some of the businesses on account of adverse sector-specific macro conditions, unfavourable commodity price movements and limited transmission of input cost inflation. Delayed Rabi sowing due to extended monsoon withdrawal, lower instances of pest infestation and higher channel inventories impacted domestic agrochemicals demand. Crude palm oil prices further corrected in Q3FY23 with increased supplies from the world’s largest exporters – Indonesia and Malaysia. The dairy sector witnessed sustained rise in milk procurement prices with limited transmission. Strong recovery in live bird prices in Q3, post seasonally weak second quarter, supported profitability of the poultry sector. Result PDF09-02-2023
Godrej Agrovet Ltd - 540743 - Announcement under Regulation 30 (LODR)-Investor Presentation
The Board of Directors of Godrej Agrovet Limited ('The Company') at its Meeting held on Wednesday, February 8, 2023, has approved the Standalone and Consolidated Unaudited Financial Results for the Quarter and Nine Months' period ended December 31, 2022. We enclose a copy of the presentation for the Investors and Analysts and the same is being placed on the website of the Company i.e., www.godrejagrovet.com.08-02-2023
Godrej Agrovet Ltd - 540743 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
The Board of Directors of Godrej Agrovet Limited ('The Company') at its Meeting held today, i.e. on Wednesday, February 8, 2023, has approved the Standalone and Consolidated Unaudited Financial Results for the Quarter and Nine Months' period ended December 31, 2022. We enclose a copy of the Media Release and the same is being placed on the website of the Company i.e., www.godrejagrovet.com.08-02-2023
Godrej Agrovet third-quarter profit jumps on animal food demand
The agribusiness company has been grabbing market share in the cattle feed business, which has boosted revenue for several quarters and helped to soften the blow from high costs at its vegetable oil unit.08-02-2023
Godrej Agrovet Ltd - 540743 - APPROVAL FOR ISSUANCE OF NON-CONVERTIBLE DEBENTURES UPTO AN AMOUNT OF RS.50 CRORE (RUPEES FIFTY CRORE ONLY)
The Board of Directors at its meeting held on February 8, 2023, has approved the proposal to raise funds through issuance of Non-Convertible Debentures ('NCD') for expansion and development of business operations of the Company and meeting the short term and long-term financial requirements of the Company, for an amount upto Rs.50 Crore (Rupees Fifty Crore Only).08-02-2023
Godrej Agrovet Ltd - 540743 - Outcome Of The Board Meeting Held On February 8, 2023.
Please find attached herewith the outcome of the Board Meeting held today i.e. February 8, 2023.08-02-2023
Godrej Agrovet Ltd - 540743 - Board Meeting Outcome for Outcome Of Board Meeting Held On February 8, 2023.
Please find attached the outcome of Board Meeting held on February 8, 2023.08-02-2023
Godrej Agrovet Ltd - 540743 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Please find enclosed herewith a communication on the Schedule of Conference Call with the Investors and Analysts to be held on Thursday, February 9, 2023 at 3.30 p.m. IST.31-01-2023