Thread by @ValueEducator

#Indiapesticides Q3 2022 Concall Highlights

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Operational Highlights

1. Revenues stood at ₹191.4 Cr in Q3FY22 from ₹183 Cr in Q3FY21 translating a growth of 4.6%

2. EBITDA stood at ₹62.6 Cr with EBITDA margins at 31.5%

3. PAT stood at ₹43.4 Cr with PAT margins at 22.6%

4. 9MFY22 revenue split stood- Technicals + API: 72%, Formulations: 28%

5. Profitability growth momentum continued backed by efficient business operations and unique product offerings.

6. During the quarter, launched one product which received overwhelming response

7. Presently have five upcoming products in pipeline and will be launching by Q2FY 23

8. Customers absorbed the incremental cost of high input prices

9. Confident on 39-33% EBITDA margins

10. Adama is major international competitor in fungicides

11. 40-45% revenues from 3 key products i.e Captan, Folpet and Thiocarbamate

12. Herbicides and Fungicides are distinctly separated to avoid any contamination

13. Only in B2B business for export

14. Already started technical registration process to get along parallel with EC.

Capex

1. Further increased Sandila plant capacity by 500MT for new herbicide

2. Progress of the ongoing expansion projects is as per timelines

3. In process of environmental application for unit 3, TOR is expected in a month

4. 2-3 quarters are required for capacity ramp up