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Godrej Agrovet Q2 PAT up 2.07% at Rs109.26cr as higher input costs put brakes on profit growth

Godrej Agrovet reported 24.95% growth in total revenues for the Sep-21 quarter on consolidated basis at Rs2,154cr

November 09, 2021 6:53 IST | India Infoline News Service
Godrej Agrovet
Godrej Agrovet reported 24.95% growth in total revenues for the Sep-21 quarter on consolidated basis at Rs2,154cr. The revenues were higher by 8.09% on a sequential basis compared to Rs1,993cr in the Jun-21 quarter.

Godrej Agrovet saw sold sales growth in animal feeds, poultry and the vegetable oils segment. Growth was moderate in the dairy segment but ended up being negative in the crop protection business on account of uncertainty created by the delayed monsoons during the year.

Net profits for the Sep-21 quarter were up 2.07% on yoy basis at Rs109.26cr. On a sequential basis, the net profit was up 3.09% compared to the Jun-21 quarter profits of Rs105.98cr.

Operating margins came under pressure due to a 42% spike in cost of materials consumed. Vegetables vertical saw the sharpest bounce in EBIT followed by animal feeds vertical. EBIT was lower in the crop protection business.

Godrej Agrovet reported NPMs of 5.07% in Sep-21 quarter compared to 6.21% in the Sep-20 quarter and 5.32% in the Jun-21 quarter.


Financial highlights for Sep-21 compared yoy and sequentially


Godrej Agrovet
Rs in Crore Sep-21 Sep-20 YOY Jun-21 QOQ
Total Income (Rs cr) ₹ 2,154.07 ₹ 1,723.91 24.95% ₹ 1,992.78 8.09%
Net Profit (Rs cr) ₹ 109.26 ₹ 107.04 2.07% ₹ 105.98 3.09%
Diluted EPS (Rs) ₹ 5.69 ₹ 5.57 ₹ 5.52
Net Margins 5.07% 6.21% 5.32%

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