By: ICN Bureau
Last updated : August 13, 2022 11:19 am
The company will continue to leverage its integrated manufacturing facilities, wide distribution network, presence across the value chain
Heranba Industries Ltd., one of India’s leading Agrochemical companies has announced Q1 FY23 revenue from operations at Rs. 361.9 crore as compared to Rs. 351.4 crore in Q1 FY22 whereas Profit After Tax (PAT) stood at Rs. 33.7 crore in Q1 FY23 as compared to Rs. 47.4 crore in Q1 FY22.
Raghuram K. Shetty, Managing Director, Heranba Industries Limited said, “The company’s revenues grew by 3% YoY to Rs. 361.9 crore in Q1 FY23, despite adverse macro-economic environment and delay in monsoons in the domestic markets. Our EBITDA margins were under check owing to a rise in raw material prices, higher power costs and supply chain related constraints. However, we are confident of growth in the coming quarter owing to robust demand. We are also witnessing good traction for our products in the domestic markets with monsoons making up for Q1 deficit and adequate reservoir levels."
"The ongoing Capex at our Sarigam facility is shaping up well. Heranba will continue to leverage integrated manufacturing facilities, wide distribution network, presence across value chain, and thrust on R&D to offer high-quality varied products, aiding farmers to enhance their crop yield and income. The company looks forward to adding new product registrations, thereby expanding its diverse customer base and driving Heranba’s next wave of growth."
Heranba is a leading agrochemical company in India and its mission is to improve crop productivity and public health. It is committed to the wellness of world citizens. Heranba manufactures Synthetic Pyrethroids and its Intermediates in India. It has four manufacturing facilities across India with employee strength of more than 650. It has a wide network of businesses in India as well as across the globe. Heranba has expertise on all the key chemical reactions on a commercial scale.