Agro-chemical firm Dhanuka Agritech Ltd on Tuesday reported a 45 percent increase in its consolidated net profit at Rs 40.04 crore for the quarter ended December. Its net profit stood at Rs 27.67 crore in the year-ago period.
The EBITDA margin will improve more than 100 bps in FY21, said MK Dhanuka, MD of Dhanuka Agritech, on Wednesday.
Speaking in an interview to CNBC-TV18, Dhanuka said, “We have given a guidance of 22 percent growth and definitely we are going to achieve it by end of FY21. For EBITDA margin, we had given guidance of 100 bps improvement. Therefore, we expect more than 100bps improvement in EBITDA margin.”
Dhanuka further added that the firm has taken some price hikes due to increase in raw material prices.
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