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CNBC TV18

Dhanuka Agritech Q1 profit drops 34.6% as board clears ₹200 crore Nagpur plant

AI Market Summary
Dhanuka Agritech's Q1 results showed broad weakness: net profit -34.6% YoY, revenue -12.6% YoY, and EBITDA margin compressed to 11.9%, triggering an intraday equity selloff. While a ₹200 crore Nagpur plant signals long-term capacity expansion, the near-term takeaway is softer agrochemical demand and weaker operating leverage early in the kharif season, keeping risk appetite cautious in the related segment.
Impact level
● Low
Affected assets
NCCOGOLD2USD/USDT-0.31%
AI Insight · NCCOGOLD2USD/USDTAI Insight
▼ Bearish
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Dhanuka Agritech reported a weak FY2024 Q1, with net profit down 34.6% year on year to ₹36.3 crore. Revenue fell 12.6% to ₹461.9 crore, while EBITDA dropped 33.9% to ₹55 crore and the EBITDA margin narrowed to 11.9%. After the results, the stock slid more than 9% intraday before paring losses, and was at ₹1,009.50 on the NSE at 14:32, down 1.2%.
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