Godrej Agrovet Q3 Results: Profit Rises 21%, Revenue Soars 4.5%
The margin expanded to 9% as compared to 6.8% for the same year-ago period.
Godrej Agrovet Ltd.'s net profit rose 21% to Rs 111.5 crore in the third quarter of the current financial year from Rs 91.8 crore in the same period last year.
Revenue soared 4.5% to Rs 2,449.6 crore in the October–December quarter from Rs 2,345.2 crore for the year-ago period, according to Bloomberg.
The agri-business firm's earnings before interest, tax, depreciation and amortisation increased 38% to Rs 220 crore in the quarter ended December from Rs 159.1 crore in the same quarter in the previous fiscal.
The margin expanded to 9% as compared to 6.8% for the same year-ago period.
Godrej Agrovet Q3 FY25 Highlights (Consolidated, YoY)
Revenue up 4.5% to Rs 2,449.6 crore versus Rs 2,345.2 crore.
Ebitda up 38% to Rs 220 crore versus Rs 159.1 crore.
Margin expands to 9% versus 6.8%.
Net profit up 21% to Rs 111.5 crore versus Rs 91.8 crore.
Shares of Godrej Agrovet closed 2% higher at Rs 729.90 apiece on the National Stock Exchange, compared to a 1.11% advance in the benchmark Nifty. The stock has fallen 31.31% in the last 12 months.
Out of the seven analysts tracking the company, five maintain a 'buy' rating on the stock, one recommends 'hold' and another suggests 'sell', according to Bloomberg data. The average of 12-month analysts' price target implies a potential upside of 14.1%.
