GODREJ AGROVET LIMITED (GAVL) Announced Q2FY24 Earnings_EBITDA up ~35% YoY and PAT up 51% YoY Results
Mumbai, November 3, 2023 (GNI) : Godrej Agrovet Limited (“GAVL”) has today announced its financial results for the second quarter and half-year ended September 30, 2023 HIGHLIGHTS OF FINANCIAL PERFORMANCE (Q2 and H1 FY24) Q2 FY24 Financial Summary · The Company reported consolidated revenues from operations of Rs. 2,570.9 crore in Q2 FY24 as compared to Rs. 2,445.3 crore in Q2 FY23, a growth of 5% year-on-year · Q2 FY24 consolidated EBITDA* increased to Rs. 214.6 crore from Rs. 159.1 crore in Q2 FY23, a growth of 35% year-on-year · Q2 FY24 Profit before tax* increased to Rs. 133.8 crore from Rs. 87.3 crore in Q2 FY23, a growth of 53% year-on-year H1 FY24 Financial Summary · The Company reported consolidated revenues from operations of Rs. 5,081.1 crore in H1 FY24 as compared to Rs. 4,955.2 crore in H1 FY23, a growth of 3% year-on-year · H1 FY24 consolidated EBITDA** increased to Rs. 421.4 crore from Rs. 328.4 crore in H1 FY23, a growth of 28% year-on-year · H1 FY24 Profit before tax** increased to Rs. 258.3 crore from Rs. 190.1 crore in H1 FY23, a growth of 36% year-on-year * EBITDA and Profit before Tax in Q2 FY24 excludes non-recurring item of Rs. 2.0 Crore towards provision of differential VAT, ** EBITDA and Profit before Tax in H1 FY24 excludes non-recurring item of Rs. 4.3 Crore towards provision of differential VAT dues and dues in respect of industrial plots, Profit before tax excludes share of profit from associates MANAGING DIRECTOR’S COMMENTS Commenting on the performance, Mr. B….
