loader2
Login Open ICICI 3-in-1 Account
Open ICICI 3-in-1 Account

Heranba Industries Results: Latest Quarterly Results & Analysis

Open Free Trading Account Online with ICICIDIRECT
+91
Heranba Industries Ltd. 14 Feb 2025 13:10 PM
Result PDF

Q3FY25 Quarterly Result Announced for Heranba Industries Ltd.

Agrochemicals company Heranba Industries announced Q3FY25 results

  • Revenues for Q3FY25 stood at Rs 341.56 crore, marking an 8.82% YoY increase from Rs 301.35 crore in Q3FY24.
  • EBITDA declined by 49.32% YoY to Rs 12.79 crore in Q3FY25, compared to Rs 25.93 crore in Q3FY24, with EBITDA margin contracting by 491 bps to 3.74%.
  • Profit After Tax (PAT) stood at Rs (10.37) crore in Q3FY25, compared to Rs 13.92 crore in Q3FY24, with PAT margin declining by 767 bps to -3.03%.

Raghuram K. Shetty, Managing Director of Heranba Industries, commented, “The Company revenues stood at Rs 341.56 crore. in Q3FY25 driven by strong performance in domestic markets navigating uneven monsoon distribution. Our export business was affected by the weak export demands & falling prices.

We are dedicated to accelerating revenue growth and productivity efforts in order to achieve significant margin expansion and we continue to view FY25 as crucial acceleration point in Heranba’s trajectory."

Result PDF

Result PDF

Agrochemicals company Heranba Industries announced H1FY25 results

  • Revenue from Operations at Rs 737.87 crore in H1FY25 as compared to Rs 707.13 crore in H1FY24.
  • EBITDA at Rs 104.04 crore with EBITDA Margins at 14.10% in H1FY25 as compared to Rs 47.90 crore with EBITDA Margins at 6.77% in H1FY24.
  • Profit after tax stood at Rs 54.26 crorein H1FY25 as compared 21.3 crore in H1FY24.

Raghuram K. Shetty, Managing Director of Heranba Industries, said: “I am pleased to report that we have maintained our growth momentum in the first half of FY25 by reporting a strong set of numbers. We saw an increase of 5% in our revenues and 54 crore PAT in H1FY25. Our continued growth trajectory in yet another year and quarter shows the strong and resilient DNA that we are built on. We are dedicated to accelerating revenue growth and productivity efforts in order to achieve significant margin expansion, and we continue to view FY25 as a crucial acceleration point in Heranba's trajectory.”

Result PDF

Agrochemicals company Heranba Industries announced Q1FY25 results:

  • Revenue from Operations at Rs 297 crore in Q1FY25 as compared to Rs 281 crore in Q1FY24.
  • EBITDA at Rs 41 crore during the quarter with EBITDA Margins at 13.99% in Q1FY25. 
  • Profit After Tax stood at Rs 17 crore in Q1FY25 as compared to loss of 5.61 crore in Q1FY24.

Raghuram K. Shetty, Managing Director of Heranba Industries, commented, “I am pleased to report that we have maintained our growth momentum in the first quarter of FY25 by reporting a strong set of numbers. We saw an increase of 6 % in our revenues and 17 crore PAT in Q1FY25. Our continued growth trajectory in yet another year and quarter shows the strong and resilient DNA that we are built on. We are dedicated to accelerating revenue growth and productivity efforts in order to achieve significant margin expansion, and we continue to view FY25 as a crucial acceleration point in Heranba's trajectory.”

Result PDF

Agrochemicals company Heranba Industries announced FY24 results:

  • Revenue from Operations stood at Rs 1,274.75 crore in FY24 as compared to Rs 1,324.40 crore in FY23.
  • EBITDA stood at Rs 126.99 crore during the year with EBITDA margin at 9.96% in FY24.
  • Profit After Tax stood at Rs 66.35 crorein FY24 as compared to Rs 110.10 crore in FY23.

Raghuram K. Shetty, Managing Director of Heranba Industries Limited, commented, “The Company’s FY24 revenues stood at Rs 1,274.75 crore restricted by unfavourable global economic scenario, inventory build-up in the system and sluggish demand from key export regions. However, we have witnessed decent traction for our formulation products in both domestic and export markets. The EBITDA margins remained muted during FY24 due to lower price realization in export markets and falling prices in finished goods. Despite of a challenging year, Heranba’s Balance Sheet continues to remain strong.

We are dedicated to accelerating revenue growth and productivity efforts in order to achieve significant margin expansion and we continue to view FY25 as a crucial acceleration point in Heranba’s Trajectory.

The Company continues to strengthen its product portfolio with new product registrations in both domestic & export markets and leverage its distribution network for delivering growth in the coming years.”

Result PDF

Agrochemicals company Heranba Industries announced Q3FY24 & 9MFY24 results:

Q3FY24:

  • Revenues: Rs 301.70 crore in Q3FY24 compared to Rs 280.21 crore in Q3FY23, indicating a change of 7.60%.
  • EBITDA: Rs 34.94 crore in Q3FY24 compared to Rs 26.45 crore in Q3FY23, showing a change of 32.09%.
  • EBITDA Margin: 11.58% in Q3FY24 compared to 9.43% in Q3FY23, reflecting an increase of 215 basis points (bps).
  • PAT: Rs 19.21 crore in Q3FY24 compared to Rs 14.39 crore in Q3FY23, showing a change of 33.49%.
  • PAT Margin: 6.36% in Q3FY24 compared to 5.13% in Q3FY23, indicating an increase of 123 bps.

9MFY24:

  • Revenues: Rs 1,013.46 crore in 9MFY24 compared to Rs 1065.48 crore in 9MFY23, showing a change of -4.80%.
  • EBITDA: Rs 78.13 crore in 9MFY24 compared to Rs 117.43 crore in 9MFY23, indicating a change of -33.46%.
  • EBITDA Margin: 7.71% in 9MFY24 compared to 11.02% in 9MFY23, reflecting a decrease of 331 bps.
  • PAT: Rs 53.26 crore in 9MFY24 compared to Rs 95.78 crore in 9MFY23, showing a change of -44.39%.
  • PAT Margin: 5.25% in 9MFY24 compared to 8.98% in 9MFY23, indicating a decrease of 373 bps.

Raghuram K. Shetty, Managing Director of Heranba Industries, commented, “The Company revenues stood at Rs 301.70 Cr. in Q3FY24 driven by strong performance in domestic markets navigating uneven monsoon distribution. Our export business was affected by the weak export demands & falling prices.

We are dedicated to accelerating revenue growth and productivity efforts in order to achieve significant margin expansion and we continue to view FY24 as crucial acceleration point in Heranba’s trajectory.

 

Result PDF

Agrochemicals company Heranba Industries announced Q1FY24 results:

  • Revenue from Operations at Rs 2,824 million in Q1FY24 as compared to Rs 3,619 million in Q1FY23.
  • EBITDA at Rs 99 million during the quarter with EBITDA Margins at 3.50% in Q1FY24.
  • Profit After Tax stood at Rs 15.1 million in Q1FY24 as compared to Rs 337 million in Q1FY23.

Raghuram K. Shetty, Managing Director of Heranba Industries, commented,

“The Company’s revenues stood at 282 crore in Q1FY24, despite of adverse macro-economic environment and delay in monsoons in the domestic markets. Our EBITDA margins were under check owing to a rise in raw material prices, higher power costs, supply chain-related constraints, and a reduction in finished goods prices. However, we are confident of growth in the coming quarter owing to robust demand. We are also witnessing good traction for our products in the domestic markets with the monsoons making up for the Q1 deficit and adequate reservoir levels.

The ongoing capex at our Sarigam and Saykha facilities is shaping up well. Heranba will continue to leverage its integrated manufacturing facilities, wide distribution network, and presence across the value chain, and thrust on R&D to offer high-quality varied products, aiding farmers to enhance their crop yield and income. The Company looks forward to adding new product registrations, thereby expanding its diverse customer base and driving Heranba’s next wave of growth.”

 

 

Result PDF

Agrochemicals company Heranba Industries announced FY23 results:

  • Revenue from Operations stood at Rs 13,244 million in FY23 as compared to Rs 14,504 million in FY22
  • EBITDA stood at Rs 1,746 million during the year with EBITDA margin of 13.05% in FY23
  • Profit After Tax stood at Rs 1,101 million in FY23 as compared to Rs 1,891 million in FY22

Raghuram K. Shetty, Managing Director of Heranba Industries, commented, “The company’s FY23 revenues stood at Rs 13,380 million restricted by unfavourable global economic scenario, inventory build-up in the system and sluggish demand from key export regions. However, we have witnessed decent traction for our formulation products in both domestic and export markets. The EBITDA margins remained muted during FY23 due to lower price realization and higher power & fuel costs. Despite a challenging year, Heranba’s Balance Sheet continues to remain strong with a ‘Net Debt Free’ status coupled with healthy gross cash & cash equivalents balance of Rs 1,186 million as on 31st March 2023 fuelling the Company’s capex plans.

Heranba’s has aptly responded to the recent Gujarat Pollution Control Board (GPCB) closure notice for its Vapi plant. The management is confident to resume commercial production from the Vapi unit in the coming days and the GPCB’s temporary Vapi plant’s closure notice has no impact on Heranba’s future business operations.

The Company continues to strengthen its product portfolio with new product registrations in both domestic & export markets and leverage its distribution network for delivering growth in the coming years.”

 

 

Result PDF

Agrochemicals firm Heranba Industries announced Q3FY23:

  • Q3FY23:
    • Revenue from operations stood at Rs 2,802 million in Q3FY23 as compared to Rs 3,954 million in Q3FY22.
    • EBITDA stood at Rs 264 million during the quarter with EBITDA margin of 9.41% in Q3FY23.
    • Profit after tax stood at Rs 144 million in Q3FY23 as compared to Rs 535 million in Q3FY22.

Mr. Raghuram K. Shetty, Managing Director of Heranba Industries Limited, commented, “The company’s 9MFY23 revenues stood at Rs 10,655 million impacted by challenging global macros including prolonged geopolitical concerns, rising inflation in major economies and slowdown in demand. The domestic technical business witnessed lower demand due to challenging market conditions coupled with a higher inventory. Our export business was impacted by volatile global macroeconomics. The EBITDA margins were suppressed during 9MFY23 due to higher raw material prices and an increase in power & fuel costs.

Heranba’s capex plans are progressing as planned and it will further strengthen the Company’s capacities and capabilities for the coming years. Heranba aims to leverage its sales and marketing teams' reach to strengthen its relationships with existing customers along with adding new customers. The near-term outlook is challenging for the entire agrochemical industry. However, Heranba will continue to diversify its product portfolio, widen its distribution network and sharpen its R&D focus for creating sustainable growth.”

Result PDF

Agrochemicals firm Heranba Industries announced Q2FY23 results:

  • Revenue from oiperations increased by 19.8% YoY to Rs 4,233 million in Q2FY23, as compared to Rs 3,534 million in Q2FY22
  • EBITDA grew by 6.2% YoY to Rs 705 million during the quarter with an EBITDA margin of 16.49% in Q2FY23
  • Profit After Tax stood at Rs 477 million in Q2FY23, as compared to Rs 456 million in Q2FY22

Raghuram K Shetty, Managing Director of Heranba Industries Ltd, commented, “The company revenues surged by 19.8% YoY to 24,233 million in Q2FY23 driven by strong performance in domestic markets navigating uneven monsoon distribution. Our export business was impacted by the lockdown in China, coupled with volatile global macroeconomics. Our EBITDA margins were under check due to higher raw material prices and a rise in power and fuel costs. The domestic agrochemical industry is likely to do well in H2FY23 due to residual moisture owing to the late withdrawal of the southwest monsoon, higher reservoir levels and a rise in MSP (Minimum Support Prices) of Rabi crops in the upcoming 2023-24 marketing season.

We have spent Rs 410 million on capex at our Sarigam facility during H1FY23 and will be spending additional Rs 1,000 million in H2FY23. The commercial production of technical grade pesticides and intermediates from the Sarigam facility is likely to commence from Q1FY24, adding meaningful contribution to the company’s revenues. Heranba continues to look forward to create sustainable growth for its stakeholders with its diverse product portfolio, R&D capabilities and prudent growth strategies.”

Result PDF

Agrochemicals firm Heranba Industries announced Q1FY23 Result :

  • Revenues at Rs 3,619 million and PAT at Rs 337 million in Q1FY23
  • Revenue from Operations at Rs 3,619 million in Q1FY23 as compared to Rs 3,514 million in Q1FY22.
  • EBITDA at Rs 507 million during the quarter with EBITDA Margins at 14.02% in Q1FY23.
  • Profit After Tax stood at Rs 337 million in Q1FY23 as compared to Rs 474 million in Q1FY22.

Mr. Raghuram K. Shetty, Managing Director of Heranba Industries Limited, commented, “The Company’s revenues grew by 3% YoY to Rs 3,619 million in Q1FY23, despite of adverse macro-economic environment and delay in monsoons in the domestic markets. Our EBITDA margins were under check owing to a rise in raw material prices, higher power costs and supply chain related constraints. However, we are confident of growth in the coming quarter owing to robust demand. We are also witnessing good traction for our products in the domestic markets with monsoons making up for Q1 deficit and adequate reservoir levels.

The ongoing capex at our Sarigam facility is shaping up well. Heranba will continue to leverage its integrated manufacturing facilities, wide distribution network, presence across the value chain and thrust on R&D to offer high-quality varied products, aiding farmers to enhance their crop yield and income. The Company looks forward to add new product registrations, thereby expanding its diverse customer base and driving Heranba’s next wave of growth.”

Result PDF

Trending News

Midhani has secured an order of Rs. 121.75 crore

Midhani has secured an order of Rs. 121.75 crore

Published on 19-Dec-2025 09:02

Aeroflex Industries Board has approved a ₹97.56 crore expansion plan

Aeroflex Industries Board has approved a ₹97.56 crore expansion plan

Published on 19-Dec-2025 09:01

As per media sources, HDFC Bank has raised a $1 billion three-year overseas loan from its GIFT City branch

As per media sources, HDFC Bank has raised a $1 billion three-year overseas loan from its GIFT City branch

Published on 19-Dec-2025 09:00

TCS, on its Investor Day 2025, articulated a clear shift towards an AI-first enterprise

TCS, on its Investor Day 2025, articulated a clear shift towards an AI-first enterprise

Published on 18-Dec-2025 09:07

Syrma SGS Technology has completed the first tranche of its acquisition of defence and aerospace electronics firm Elcome Integrated Systems

Syrma SGS Technology has completed the first tranche of its acquisition of defence and aerospace electronics firm Elcome Integrated Systems

Published on 18-Dec-2025 09:06

POWERGRID has commissioned the Western Region Expansion Scheme-XXV

POWERGRID has commissioned the Western Region Expansion Scheme-XXV

Published on 18-Dec-2025 09:05

Disclaimer – I ICICI Securities Ltd. ( I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 6807 7100. I-Sec is acting as a distributor to solicit bond related products. All disputes with respect to the distribution activity, would not have access to Exchange investor redressal forum or Arbitration mechanism. The contents herein above shall not be considered as an invitation or persuasion to trade or invest. I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. Investments in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein mentioned are solely for informational and educational purpose.
Download App

Download Our App

Play Store App Store
market app
✕
Application status