By: ICN Bureau
Last updated : February 10, 2024 8:52 am
Revenues at Rs. 301.70 crore Vs Rs. 280.21 crore previous year
Heranba Industries Ltd., one of India’s leading agrochemical company has announced its financial results for Third quarter and Nine months ended December 31st, 2023.
Heranba Industries reported revenues of Rs. 301.70 crore in Q3 FY24, reflecting a growth of 7.60% compared to Rs. 280.21 crore in Q3 FY23. EBITDA for Q3 FY24 stood at Rs. 34.94 crore compared to Rs. 26.45 crore in Q3 FY23.
The company posted PAT of Rs. 19.21 crore in Q3 FY24, reflecting a substantial growth of 33.49% compared to Rs. 4.39 crore in Q3 FY23.
Raghuram K. Shetty, Managing Director of Heranba Industries Limited, commented, “The Company revenues stood at Rs. 301.70 crore in Q3FY24 driven by strong performance in domestic markets navigating uneven monsoon distribution. Our export business was affected by the weak export demands & falling prices.
“We are dedicated to accelerating revenue growth and productivity efforts in order to achieve significant margin expansion and we continue to view FY24 as crucial acceleration point in Heranba’s trajectory.”