On a standalone basis, the companys net profit has contracted by 21% to Rs 10.55 crore despite a 2% growth in revenue from operations to Rs 54 crore in Q3 FY22 over Q3 FY21. The companys domestic sales registered a growth of 3% while exports jumped 88% in Q3 FY22.
EBITDA margin in Q3 FY22 was 28.21% as against 38.97% in Q3 FY21. On the account of COVID restrictions during Q3, there was a reduction in the expenses for traveling and conveyance, which has contributed for better margins in that period, the company said.
Hester Biosciences is one of Indias leading animal healthcare companies and is the second largest poultry vaccine manufacturer in the country.
The scrip advanced 3.27% to currently trade at Rs 2468 on the BSE.
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