Homevideos Newsearnings News

    EBITDA margin to improve more than 100 bps in FY21, says Dhanuka Agritech MD

    videos | IST

    EBITDA margin to improve more than 100 bps in FY21, says Dhanuka Agritech MD

    Mini

    The EBITDA margin will improve more than 100 bps in FY21, said MK Dhanuka, MD of Dhanuka Agritech, on Wednesday.

    Agro-chemical firm Dhanuka Agritech Ltd on Tuesday reported a 45 percent increase in its consolidated net profit at Rs 40.04 crore for the quarter ended December. Its net profit stood at Rs 27.67 crore in the year-ago period.
    The EBITDA margin will improve more than 100 bps in FY21, said MK Dhanuka, MD of Dhanuka Agritech, on Wednesday.
    Speaking in an interview to CNBC-TV18, Dhanuka said, “We have given a guidance of 22 percent growth and definitely we are going to achieve it by end of FY21. For EBITDA margin, we had given guidance of 100 bps improvement. Therefore, we expect more than 100bps improvement in EBITDA margin.”
    Dhanuka further added that the firm has taken some price hikes due to increase in raw material prices.
    For full management commentary, watch the video
    Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!
    next story

      Most Read

      Market Movers

      View All
      CompanyPriceChng%Chng