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Godrej Agrovet slides after Q2 earnings

Capital Market 

Godrej Agrovet fell 3.34% to Rs 501.60 after the company's profit before tax fell 43.61% to Rs 81.4 crore in Q2 September 2019 over Q2 September 2018.

The announcement was made after trading hours yesterday, 4 November 2019.

Consolidated net profit rose 10.4% to Rs 104 crore on a 16.7% rise in net sales to Rs 1,846.97 crore in Q2 September 2019 over Q2 September 2018.

EBITDA fell 24.9% to Rs 131 crore in Q2 September 2019 over Q2 September 2018. EBITDA margin stood at 7% in Q2 September 2019, lower than 10.8% in Q2 September 2018.

Godrej Agrovet engages in animal feed, oil palm plantations, agrochemicals, poultry. It focuses to improving the productivity of Indian farmers by products and services that increase crop and livestock yields.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, November 05 2019. 10:51 IST
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