Crop Protection constitutes 74 per cent of the overall company’s revenue in Q3 FY25.
Meghmani Organics Limited, a fully integrated diversified chemical company announced its financial results for the third quarter ended 31 December 2024 (Q3 FY25).
For the quarter under review, revenue from operations stood at Rs 558.0 crore, up by 62 per cent YoY on the back of improved product mix and healthy volume growth witnessed in both the segments. EBITDA for the quarter grew to Rs 60.4 crore, compared to a negative EBITDA of Rs 0.4 crore in the same quarter previous year.
Crop Protection constitutes 74 per cent of the overall company’s revenue in Q3 FY25. Revenue and EBITDA for the segment stood at Rs 410.5 crore and Rs 61.2 crore, up by 72 per cent YoY and 1,095 per cent YoY respectively.
Pigments constitutes 26 per cent of the overall company’s revenue in Q3 FY25. Revenue and EBITDA for the segment stood at Rs 147.5 crore and Rs 5.2 crore, up by 40 per cent YoY and 479 per cent YoY respectively.
For the nine months ended 31 December 2024 (9M FY25), Revenue from operations stood at Rs 1,501.8 crore as compared to Rs 1,140.0 crore in the corresponding previous year, up by 32 per cent YoY. EBITDA grew to Rs 115.8 crore in 9M FY25 against a negative EBITDA of Rs 0.7 crore in the corresponding previous year.
Commenting on Q3 FY25 performance, Ankit Patel, Chairman & Managing Director said ″Our improved revenue and profitability was on the back of better product mix and continued growth momentum witnessed in both the segments during the quarter. Our revenue grew 62 per cent YoY to Rs 558 crore while our profit after tax stood at Rs 30.2 crore against a loss of Rs 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. ″
