Heranba Industries Ltd., one of India’s leading agrochemical companies, revenue from operations stood at Rs. 280.2 crore in Q3 FY23 as compared to Rs. 395.4 crore in Q3 FY22 whereas Profit After Tax stood at Rs. 14.4 crore in Q3 FY23 as compared to Rs. 53.5 crore in Q3 FY22.

Raghuram K. Shetty, Managing Director, Heranba Industries Limited said, “The company’s 9M FY23 revenues stood at Rs. 1,065.5 crore impacted by challenging global macros including prolonged geopolitical concerns, rising inflation in major economies and slowdown in demand. The domestic technical business witnessed lower demand due to challenging market conditions coupled with higher inventory. Our export business was impacted by volatile global macroeconomics. The EBITDA margins were suppressed during 9M FY23 due to higher raw material prices and an increase in power and fuel costs.

"Heranba’s Capex plans are progressing as planned and it will further strengthen the company’s capacities and capabilities for the coming years. Heranba aims to leverage its sales and marketing teams' reach to strengthen its relationships with existing customers along with adding new customers. The near-term outlook is challenging for the entire agrochemical industry. However, Heranba will continue to diversify its product portfolio, widen its distribution network and sharpen its R&D focus for creating sustainable growth.”

Heranba is a leading agrochemical company in India. Heranba’s 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.