Profit After Tax (PAT) for the Quarter ended March 31, 2022 stood at Rs 42.77 Cr and Rs 21.02 Cr respectively compared to Rs 35.21 Cr and ₹ 17.14 Cr in the corresponding period of previous year.
Indian agrochemical company NACL Industries Limited recorded remarkable growth numbers for both Q4 and FY 22.Total income for the Quarter ended March 31, 2022 is Rs 475.61 Cr, registering a growth of 41 per cent; Earnings Before Interest, Depreciation and Tax (EBIDT) and Profit After Tax (PAT) for the Quarter ended March 31, 2022 stood at Rs 42.77 Cr and Rs 21.02 Cr respectively compared to Rs 35.21 Cr and ₹ 17.14 Cr in the corresponding period of previous year.
Total income for the year ended March 31, 2022 is ₹ 1,656.56 Cr, registering a growth of 37 per cent; Earnings Before Interest, Depreciation and Tax (EBIDT) and Profit After Tax (PAT) for the year ended March 31, 2022 stood at ₹ 157.25 Cr and Rs 76.04 Cr respectively compared to Rs 128.06 Cr and Rs 50.29 Cr in the corresponding period of previous year.
Key Updates on Q4 2021-22
Exports grew significantly in Q4, with 85 per cent growth over the previous corresponding quarter. Overall business for the FY’ 2021-22 saw a YOY growth of 82 per cent. Strong relationships with MNCs, commercialization of new formulation registrations, and a focus on trading opportunities have contributed to this performance, despite the challenges posed due to disrupted supply schedules, raw material price volatility and logistic issues. The outlook for FY’23 looks promising, with both the existing products and commercialization of new registrations
Domestic retail business witnessed a growth of 37 per cent over the corresponding quarter of last year. This was mainly on account of significant growth in herbicides and introduction of new products in the market. There was an overall growth of 20 per cent over the previous year in our domestic retail business facilitated by growth in volume and higher price realization, despite the challenging market conditions, on account of un-seasonal rains, exotic pests and changes in cropping patterns
While commenting on financial results, M. Pavan Kumar, MD & CEO, NACL said, “ We are delighted to share the heartening results achieved by NACL in Q4 2022, culminating in another record year for the Company. Despite significant macro level challenges such as supply chain disruptions and raw material price volatility, NACL remained resolute in its pursuit of desired outcomes. Thanks to the resolve of our team, we have been able to adapt, innovate and persevere.
This year is an important inflection point for the company, as we are poised to cross many new milestones on our growth journey. We continue to make substantial investments in our manufacturing capabilities, new products and processes, and pursuing several promising growth opportunities. As we embark on the next phase of our growth we reaffirm our commitment to customer centricity, productivity and sustainability, which have been the core principles in our quest to meet and exceed the expectations of our stakeholders.
