Shree Pushkar Chemicals and Fertilisers falls 2% after weak Q4 performance, PAT rises 2.2%

The company’s earnings before interest, tax, depreciation, and, amortisation (EBITDA) declined by 8.2% YoY to ₹18.7 crore. EBITDA margin during the quarter came in lower at 9.8% compared to 11.3% in the corresponding quarter of last year. The company’s net profit margin came in lower at 6.9% compared to 7.1% in the fourth quarter of the previous year.

For the financial year ending on March 31, 2024 (FY24), Shree Pushkar Chemicals and Fertilisers recorded a 0.5% decline in its net profit at ₹37.1 crore. Revenue from operations grew 6.2% YoY to ₹726.2 crore. The company’s chemical business recorded a 30% YoY growth in revenue at ₹396.61 crore during the year. However, the fertiliser business’ revenue declined 13% YoY to ₹329.56 crore.

EBITDA during the year declined 11.3% YoY to ₹60.7 crore while the EBITDA margin fell to 8.4% compared to 10% in the previous fiscal. Similarly, the net profit margin for FY24 stood at 5.1% compared to 5.4% last year.

Punit Makharia, chairman and managing director of Shree Pushkar Chemicals and Fertilisers said in terms of volume and revenue across product segments, the firm observed a mixed performance. “Volume growth was particularly significant in dyes intermediaries at 82% and acid at 19%, while ferilisers and animal feed experienced marginal declines. Revenue fluctuations across segments were apparent, with dyes intermediaries showing significant growth of 64% and acid experiencing a decline of 26%,” he said.

Shares of the company have declined by nearly 15% since the beginning of the year. The stock has gained over 10% in the last one year.