Godrej Agrovet Q4FY22 PAT up 116.1% at Rs122.29 crore yoy on crop protection and vegetable oil boost

11 May 2022 , 05:57 PM

Godrej Agrovet Ltd reported 42.28% growth in sales revenues yoy for the Q4FY22 quarter on consolidated basis at Rs2,080.75 crore. On a sequential basis, revenues were higher for the quarter by 0.11%.

For the full year FY22, the revenues were higher by 32.5% at Rs8,306 crore. For Q4FY22, there was top line growth across all the verticals of Godrej Agrovet including animal feeds, vegetable oils, crop protection, dairy and poultry.

Dividend of Rs.9.50 per share has been recommended by the board. Net cash generated from operations went deeper into the negative on spike in inventories and trade receivables.

The consolidated net profit for Q4FY22 was up 116.1% at Rs122.29 crore while it was up on a sequential basis by 87.96%.

The interest service coverage and the debt service coverage doubled in the quarter. In terms of operating profit growth, crop protection and the vegetable oils business made the biggest contribution.

Net margins stood at 5.88% in Q4FY22 quarter compared to 3.87% in Q4FY21. NPM was higher sequentially against 3.13% in Q3FY22. It partially transferred its real estate franchise to Godrej Properties.

Financial highlights for Mar-22 compared yoy and sequentially

	Godrej Agrovet
Rs in Crore	Mar-22	Mar-21	YOY	Dec-21	QOQ
Total Income (Rs cr)	₹ 2,080.75	₹ 1,462.48	42.28%	₹ 2,078.49	0.11%
Net Profit (Rs cr)	₹ 122.29	₹ 56.59	116.10%	₹ 65.06	87.96%
Diluted EPS (Rs)	₹ 6.36	₹ 2.95		₹ 3.38
Net Margins	5.88%	3.87%		3.13%