Dhanuka Agritech: Q1FY15 Result Analysis

Dhanuka Agritech is India's second largest Indian agrochemicals formulation company in domestic brand sales. It is engaged in wide range of products including insecticides, herbicides, fungicides and plant growth nutrients. The company reported its first quarter result for the financial year 2015. 

The company reported a 17.93% growth in the net profit for the quarter ended June 2014 at Rs 20.45 crore against Rs 17.34 crore in the same period last year. The increase in the net profit was primarily backed by the growth in the net sales by 4.08% to Rs 172.91 crore in the current quarter against Rs 166.13 crore on yearly basis. 

The total expense of the company has marginally gone up by 3.93% to Rs 147.76 crore against Rs 142.17 crore in the corresponding quarter of the previous year. The company reported increase in the EBITDA margin by 3.19% to 28.35% in Q1FY15. 

The shares of the company closed down by 3.19% in today's trade.