Godrej Agrovet Ltd - 540743 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
Please note that the Audio Recording of Conference Call of Godrej Agrovet Limited with the Investors and Analysts held today i.e. on Tuesday, May 10, 2022 at 3.30 p.m., is available / accessible at the website of the Company. Please take the same on your records Q4FY22 Quarterly Result Announced for Godrej Agrovet Ltd.
Other Agricultural Products company Godrej Agrovet declares Q4FY22 result: Q4 FY22 Financial Summary Q4 FY22 consolidated total income increased to Rs. 2,133.9 crore from Rs. 1,472.4 crore in Q4 FY21, a growth of 44.9% YoY Q4 FY22 consolidated EBITDA, excluding non-recurring & exceptional items, increased to Rs. 193.3 crore from Rs. 124.5 crore in Q4 FY21, a growth of 55.3% YoY (reported growth of 82.0% YoY) Q4 FY22 Profit before tax, excluding non-recurring & exceptional items, increased to Rs. 129.6 crore from Rs. 67.4 crore in Q4 FY21, a growth of 92.4% YoY (reported growth of 144.0% YoY) FY22 Financial Summary FY22 consolidated total income increased to Rs. 8,385.7 crore from Rs. 6,306.3 crore in FY21, a growth of 33.0% YoY FY22 consolidated EBITDA, excluding non-recurring & exceptional items, increased to Rs. 723.2 crore in Q4 FY22 from Rs. 598.1 crore in FY21, a growth of 20.9% YoY (reported growth of 23.5% YoY) FY22 Profit before tax, excluding non-recurring & exceptional items, increased to Rs. 486.8 crore from Rs. 397.6 crore in FY21, a growth of 22.4% YoY (reported growth of 26.3% YoY) Commenting on the performance, Mr. B. S. Yadav, Managing Director, Godrej Agrovet Limited, said: The financial year 2021-22 augured well for Godrej Agrovet in terms of top line growth with sustained rise in profitability. We achieved a strong performance clocking highest ever total income of INR 8,385.7 Crore in FY 2021-22, growing at 33.0% YoY while consolidated profit before tax grew by 22.4% YoY. Most of our businesses registered a strong volume growth with the exception of our Standalone Crop Protection segment. Growth in profitability was largely driven by Animal Feeds, Vegetable Oil and Astec LifeSciences, while Crop Protection and Food businesses reported a decline in operating margin. Animal Feed business recorded double-digit growth in volumes in all the four quarters on the back of new product launches and increasing market penetration. Vegetable Oil business reaped benefits of higher oil prices and improved efficiency levels throughout the year as segment results grew by 2.9x YoY. For Standalone Crop Protection business, it was a very challenging year on account of an erratic and uneven monsoon. This restricted product application opportunities in the peak season. This was further impacted by higher sales returns and increased provision for doubtful debts as we focused on channel hygiene. Astec LifeSciences reported another year of outstanding growth, with increase in total revenues by 22.1% and PBT by 36.0%, YoY. Higher realizations in exports were supported by favorable product mix and operational efficiencies. In our Food businesses, strong volume growth was offset by margin pressures on account of unprecedented input costs inflation. Our Dairy subsidiary, Creamline Dairy achieved notable market share gains in key value-added products registering 13.8% topline growth. However, margins declined owing to challenges in passing on increase in milk procurement, logistics and packaging costs. Similarly, for Poultry and Processed Food business, favorable demand dynamics in Real Good Chicken (RGC) and Live Bird sub-segments were offset by volatile live bird prices and elevated commodity inflation throughout the year During the year, Godrej Agrovet also focused on achieving the long-term sustainability targets guided by Group's Good & Green vision. We participated in Climate Disclosure Project’s (CDP) carbon and forests disclosure, becoming one of the first companies in the Indian agriculture sector to do so. GAVL’s CDP scores related to climate & palm submission are ahead of the global averages. We also made a good progress in achieving 2025 sustainability targets such as (a) 69% of energy consumption from clean renewable energy sources as against target of 90% (b) being a water positive company already conserving 6 times more water than the consumption (c) 89% of the total CO2 emissions sequestered as against target of 100% to become a carbon neutral company. Result PDF
Godrej Agrovet Q4 profit doubles to Rs 140 crore, revenue up 42%
The company's profit stood at Rs 63.38 crore during the corresponding period of the previous fiscal, Godrej Agrovet said in a statement 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 Monday, May 9, 2022, has approved the Audited Financial Results (both Standalone and Consolidated) as per Indian Accounting Standards (IND AS) for the Quarter and Financial Year ended March 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. Kindly take the above on your record. 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 Monday, May 9, 2022, has approved the Audited Financial Results (both Standalone and Consolidated) as per the Indian Accounting Standards (IND AS) for the Quarter and Financial Year ended March 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. Kindly take the above on your record. Godrej Agrovet Ltd - 540743 - RE-APPOINTMENT OF MR. BALRAM S. YADAV AS THE 'MANAGING DIRECTOR' OF THE COMPANY FOR A FURTHER PERIOD COMMENCING FROM SEPTEMBER 1, 2022 UPTO APRIL 30, 2025, SUBJECT TO APPROVAL OF THE SHAREHOLDERS.
The Board of Directors of the Company, based on the recommendation of the Nomination and Remuneration Committee, has approved re-appointment of Mr. Balram S. Yadav (DIN: 00294803) as the 'Managing Director' of the Company for a further period commencing from September 1, 2022 upto April 30, 2025, subject to the approval of the Shareholders at the ensuing 31st Annual General Meeting of the Company. Godrej Agrovet Ltd - 540743 - Announcement under Regulation 30 (LODR)-Date of payment of Dividend
Please find attached Outcome of Board Meeting held on May 9, 2022. Godrej Agrovet Ltd - 540743 - Announcement Under Regulation 30 (LODR) - Stock Options Lapsed
The Nomination and Remuneration Committee of the Board of Directors, at its Meeting held today, noted and took on record lapse of 1,455 (One Thousand Four Hundred Fifty Five) Stock Options granted under the Employees Stock Grant Scheme 2018 (ESGS 2018) to an eligible employee of the Company, due to cessation of employment. Godrej Agrovet Ltd - 540743 - Announcement Under Regulation 30 (LODR) - Stock Grants
The Nomination and Remuneration Committee, at its Meeting held today, i.e. on May 9, 2022, has approved grant of 52,266 (Fifty Two Thousand and Two Hundred and Sixty Six Only) Stock Options to the eligible employees of the Company and its Subsidiary Companies, under the Godrej Agrovet Limited - Employees Stock Grant Scheme, 2018 ('ESGS 2018') [Grant-5, May 2022], subject to the provisions of the Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021, at an exercise price of Rs.10/- (Rupees Ten Only) per option. Godrej Agrovet Ltd - 540743 - Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS
The Nomination and Remuneration Committee of the Board of Directors of the Company, at its Meeting held today, i.e., on Monday, May 9, 2022, has approved the allotment of 30,572 (Thirty Thousand Five Hundred Seventy Two) Equity Shares of Face Value of Rs.10/- (Rupees Ten Only) each of the Company under the Employees Stock Grant Scheme, 2018 (ESGS 2018).