Meghmani Organics Ltd
P&L
Quarterly Consolidated
vs Q2 FY25
Meghmani Organics Q3 FY25: Revenue from Operations up by 62% YoY, EBITDA at INR 60.4 crore
08 Feb 2025 · 8 Feb 2025, 10:12 pm
Summary
Meghmani Organics Limited announced its financial results for the third quarter ended 31 December 2024 (Q3 FY25). The company's revenue from operations stood at INR 558.0 crore, up by 62% YoY. EBITDA for the quarter grew to INR 60.4 crore, compared to a negative EBITDA of INR 0.4 crore in the same quarter previous year. The Crop Protection segment constitutes ~74% of the overall company’s revenue in Q3 FY25, with revenue and EBITDA at INR 410.5 crore and INR 61.2 crore respectively. The Pigments segment constitutes ~26% of the overall company’s revenue in Q3 FY25, with revenue and EBITDA at INR 147.5 crore and INR 5.2 crore respectively. The company anticipates improvement in Titanium Dioxide prices post antidumping duty on China.
Key Highlights
- 1
Revenue from Operations up by 62% YoY
- 2
EBITDA grew to INR 60.4 crore in Q3 FY25
- 3
Crop Protection segment constitutes ~74% of the overall company’s revenue in Q3 FY25
- 4
Pigments segment constitutes ~26% of the overall company’s revenue in Q3 FY25
- 5
Company anticipates improvement in Titanium Dioxide prices post antidumping duty on China
Management Comments
Mr. Ankit Patel
Chairman & Managing Director
Our improved revenue and profitability was on the back of better product mix and continued growth momentum witnessed in both the segments. Our revenue grew 62% YoY to INR 558 crore while our profit after tax stood at INR 30.2 crore against a loss of INR 27.2 crore in the same quarter previous year. In our Crop Nutrition segment, we have signed MoU with Hindustan Insecticides Limited (HIL) for pan India marketing of Nano Urea and are also conducting extensive field activities with farmers showcasing the efficacy of Meghmani Nano Urea on different crops. In Titanium Dioxide (TiO2), we have achieved desired quality however prices are under pressure due to aggressive dumping by China. We anticipate the scenario to improve post the antidumping duty on TiO2 from China which is expected by March 2025.
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