Revenue increased 19.1% YoY to Rs 559 crore, growth is mainly driven by robust demand in crop protection business which grew 42% YoY. EBITDA margins declined 690 YoY bps to 12.5%, YoY decline due to increase in input cost, high energy and logistic cost. Adjusted PAT decreased 43.6% YoY at Rs24.8 crore
Container volumes are expected to make a comeback (led by DFC normalisation, lower congestion and freight volatility expected in FY23E). GPPL expects to utilise capex on building warehouses and other opportunities. On a QoQ basis, bulk remains on a strong footing (up 40%) due to higher fertiliser volumes. Higher liquid volumes (up 9% YoY and flattish QoQ) was mainly due to higher contribution from LPG
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