Operational Highlights
- Q3 was challenging quarter due to unseasonal rains, pest infestation in chilli farms and change in regulatory framework
- Revenue turned weak at 628 Cr (728 Cr in Q2FY22) due to challenges in demand and change in government regulations
- EBITDA margins contracted to 11% (12% in previous quarter) due to high raw materials, freight and power expense
- Export revenue grew by 19% whereas domestic revenue grew by only 9%
- The growth was driven by value more than volumes as company mentioned about price hikes in previous quarter
Challenges in industry
- The monsoon season this year has not favoured agri input companies as excessive rainfall continued into Q3 in the southern states
- 50% increase in input costs due to tight supplies from China in Oct-Nov’21
- Supply chain challenges continued into Q3 with availability being a challenge for certain intermediates as well as steep inflation in prices
- The company faced logistic challenges and high international freight rates
- Headwinds in the industry due to change in government regulations in certain states.
- Small addressable market for cotton because of illegal cultivation
Business Strategy
- Rabi sowing were up by 1% due to high water levels in reservoirs, this explains higher demand in rabi products portfolio
- Working on environmental sustainable product and water soluble fertilisers
- Looking for opportunities in crop nutrition segment
- Company increased expenses on digital marketing initiatives.
- Portfolio augmentation will help capture the demand in northern regions of UP, Andhra Pradesh and Rajasthan.
- Acetamiprid, and Hexaconazole continues to stay strong
- Focus on improving formulations share
- Calibrated prices for products to pass on the incremental costs
Crop care segment review
- 13.3% (YoY) growth in crop care segment
- Focusing on increasing formulations in the international business
- Metribuzin product showing signs of revival
- International demand looks promising ,growth driven by good commodity prices
Seed segment review
- Revenue were down 31% YoY
- State action on ban of hybrid paddy seeds in southern states affected the demand
- Bihar – change in regulatory environment, the new mandate explains that the new products are to be sold only after approval by national authorities. Either state approvals or national approvals were accepted earlier.
New Product launch
- 2 new crop nutrition products in Q3 – one biological nematicide and one nutrition product from agro waste
- Launched 6 crop protection and 4 crop nutrition products in 9M.
- Crop protection – 2 products launched in 9 (3)and 9 (4) each, and two co-marketing products launched
- Also launched Potash – rich organic manure product and new Maize hybrid in the hybrid seeds segment
- Product in agro intermediate to be commercialised from the new MPP plant
Contract manufacturing
- Revenue from CRAMS were largely impacted by lower offtake of PEKK due to subdued growth in the aviation sector.
- Finalising 2 small contracts in the segment
Capex
- MPP at Dahej is expected to be completed by H1FY23.
- Pilot Plant at Dahej is already commissioned
- Formulation facility Phase 1 commissioned, commercial production started
- Two AI plants capacity enhanced and commercial production started at Ankleshwar(herbicide and insecticides)
- Capex FY22E – ₹2.5bn, similar capex for subsequent financial years for new product
- Debottlenecking largely completed
Overall outlook for demand seems strong with small headwinds from the regulatory authorities. Commercialization of existing capex will drive the future revenues.
The Real Person!
The Real Person!
Acheter Kamagra site fiable: Acheter Kamagra site fiable – kamagra oral jelly
The Real Person!
The Real Person!
Kamagra Commander maintenant: kamagra livraison 24h – Kamagra Oral Jelly pas cher
п»їpharmacie en ligne france: pharmacie en ligne – acheter mГ©dicament en ligne sans ordonnance pharmafst.com
The Real Person!
The Real Person!
acheter mГ©dicament en ligne sans ordonnance: pharmacie en ligne pas cher – pharmacie en ligne fiable pharmafst.com
kamagra livraison 24h: Acheter Kamagra site fiable – Kamagra Oral Jelly pas cher
The Real Person!
The Real Person!
pharmacie en ligne sans ordonnance: Medicaments en ligne livres en 24h – pharmacie en ligne france livraison belgique pharmafst.com
The Real Person!
The Real Person!
cialis generique: Cialis sans ordonnance 24h – Tadalafil 20 mg prix sans ordonnance tadalmed.shop
The Real Person!
The Real Person!
Kamagra Oral Jelly pas cher: kamagra pas cher – kamagra en ligne
Thanks for sharing. I read many of your blog posts, cool, your blog is very good.
The Real Person!
The Real Person!
acheter mГ©dicament en ligne sans ordonnance: pharmacies en ligne certifiГ©es – pharmacie en ligne france livraison belgique pharmafst.com
The Real Person!
The Real Person!
pharmacie en ligne avec ordonnance: pharmacie en ligne sans ordonnance – pharmacie en ligne pas cher pharmafst.com
The Real Person!
The Real Person!
achat kamagra: Achetez vos kamagra medicaments – Acheter Kamagra site fiable
The Real Person!
The Real Person!
Acheter Cialis 20 mg pas cher: Achat Cialis en ligne fiable – Cialis generique prix tadalmed.shop
The Real Person!
The Real Person!
pharmacie en ligne avec ordonnance: pharmacie en ligne sans ordonnance – Pharmacie en ligne livraison Europe pharmafst.com
The Real Person!
The Real Person!
Kamagra pharmacie en ligne: achat kamagra – kamagra livraison 24h
The Real Person!
The Real Person!
п»їpharmacie en ligne france: pharmacie en ligne livraison europe – pharmacie en ligne pas cher pharmafst.com
The Real Person!
The Real Person!
mexican rx online: mexican online pharmacy – RxExpressMexico
The Real Person!
The Real Person!
Medicine From India: indian pharmacy online – indian pharmacy
The Real Person!
The Real Person!
Medicine From India: medicine courier from India to USA – indian pharmacy online shopping
The Real Person!
The Real Person!
indian pharmacy: indian pharmacy online shopping – mail order pharmacy india
canadianpharmacyworld com Express Rx Canada best online canadian pharmacy
RxExpressMexico: Rx Express Mexico – Rx Express Mexico
The Real Person!
The Real Person!
mexico drug stores pharmacies: RxExpressMexico – Rx Express Mexico
MedicineFromIndia indian pharmacy online shopping indian pharmacy
The Real Person!
The Real Person!
best canadian pharmacy to buy from: canadian pharmacy service – canadian pharmacy king reviews
Medicine From India: Medicine From India – indian pharmacy online
The Real Person!
The Real Person!
indian pharmacy: Medicine From India – top online pharmacy india
Rx Express Mexico mexican online pharmacy mexico pharmacy order online
mexico pharmacy order online: mexican online pharmacy – Rx Express Mexico
The Real Person!
The Real Person!
medicine courier from India to USA: MedicineFromIndia – buy medicines online in india
canadian pharmacy in canada Buy medicine from Canada canadian pharmacy meds
The Real Person!
The Real Person!
vavada вход: вавада зеркало – вавада официальный сайт
The Real Person!
The Real Person!
пин ап казино официальный сайт: пинап казино – пин ап казино официальный сайт
The Real Person!
The Real Person!
вавада казино: вавада официальный сайт – вавада
The Real Person!
The Real Person!
пин ап казино официальный сайт: пин ап казино официальный сайт – пин ап зеркало
The Real Person!
The Real Person!
вавада официальный сайт: вавада – vavada
The Real Person!
The Real Person!
вавада казино: вавада – vavada casino
The Real Person!
The Real Person!
пин ап казино официальный сайт: пин ап казино официальный сайт – пинап казино
The Real Person!
The Real Person!
pin-up: pin-up – pin-up casino giris
The Real Person!
The Real Person!
вавада зеркало: vavada casino – вавада
pin up casino: pinup az – pin up az
pinup az: pin up azerbaycan – pin-up
вавада казино: vavada – вавада
вавада зеркало: вавада казино – вавада зеркало
вавада зеркало: вавада зеркало – вавада официальный сайт
вавада зеркало: vavada casino – вавада казино
I don’t think the title of your article matches the content lol. Just kidding, mainly because I had some doubts after reading the article.
The Real Person!
The Real Person!
http://pinupaz.top/# pin up azerbaycan
The Real Person!
The Real Person!
no doctor visit required: no doctor visit required – secure checkout Viagra
The Real Person!
The Real Person!
discreet shipping ED pills: order Cialis online no prescription – secure checkout ED drugs
The Real Person!
The Real Person!
modafinil pharmacy: verified Modafinil vendors – purchase Modafinil without prescription
The Real Person!
The Real Person!
cheap Cialis online: online Cialis pharmacy – generic tadalafil
The Real Person!
The Real Person!
purchase Modafinil without prescription: purchase Modafinil without prescription – verified Modafinil vendors
The Real Person!
The Real Person!
modafinil legality: modafinil legality – modafinil legality
The Real Person!
The Real Person!
fast Viagra delivery: order Viagra discreetly – discreet shipping
The Real Person!
The Real Person!
buy generic Cialis online: secure checkout ED drugs – online Cialis pharmacy
https://zipgenericmd.shop/# reliable online pharmacy Cialis
order Cialis online no prescription: secure checkout ED drugs – generic tadalafil
The Real Person!
The Real Person!
legal Modafinil purchase: legal Modafinil purchase – legal Modafinil purchase
modafinil 2025: verified Modafinil vendors – doctor-reviewed advice
The Real Person!
The Real Person!
order Cialis online no prescription: order Cialis online no prescription – discreet shipping ED pills
http://modafinilmd.store/# buy modafinil online
secure checkout ED drugs: order Cialis online no prescription – online Cialis pharmacy
The Real Person!
The Real Person!
fast Viagra delivery: secure checkout Viagra – no doctor visit required
https://modafinilmd.store/# safe modafinil purchase
The Real Person!
The Real Person!
doctor-reviewed advice: modafinil legality – safe modafinil purchase
The Real Person!
The Real Person!
PredniHealth: prednisone generic cost – PredniHealth
The Real Person!
The Real Person!
PredniHealth: can i buy prednisone online without prescription – prednisone pill 10 mg
The Real Person!
The Real Person!
otc prednisone cream: PredniHealth – PredniHealth
The Real Person!
The Real Person!
prednisone 5 mg: canine prednisone 5mg no prescription – PredniHealth
cialis used for: how much does cialis cost at walmart – cialis one a day
maximpeptide tadalafil review: Tadal Access – prices of cialis
cialis 100 mg usa: cialis dapoxetine – cialis for sale brand
Licensed online pharmacy AU: Online medication store Australia – pharmacy online australia
Ero Pharm Fast Ero Pharm Fast best ed meds online
Pharm Au 24: online pharmacy australia – Online drugstore Australia
http://eropharmfast.com/# Ero Pharm Fast
Online drugstore Australia: Online drugstore Australia – Online medication store Australia
best ed pills online: Ero Pharm Fast – Ero Pharm Fast
best online ed medication: Ero Pharm Fast – Ero Pharm Fast
Pharm Au 24 Buy medicine online Australia online pharmacy australia
Over the counter antibiotics pills: Biot Pharm – cheapest antibiotics
https://pharmau24.shop/# pharmacy online australia
Ero Pharm Fast: Ero Pharm Fast – ed rx online
best online ed meds: Ero Pharm Fast – cheap ed
erectile dysfunction online prescription Ero Pharm Fast Ero Pharm Fast
buy ed meds: Ero Pharm Fast – Ero Pharm Fast
The Real Person!
The Real Person!
Newcomers to this platform may face issues in using the APK files of Super 9 Game. But do not worry, we are there for you to assist with all the possible measures in downloading the game app now. In this part of the article, we will help you to get free access to your lovely card games. First of all, make sure your device is connected to the internet and works properly. Enter up to 375 characters to add a description to your widget: Plinko game apps have taken the mobile gaming world by storm, with gamblers and non-gamblers loving the retro-style action. This review examines a range of Plinko apps, their features, gameplay, and how to play for cash rewards. We will also show you how to stay safe when playing Plinko for real money. For our players from India, we offer only the best service, marked by quality, legality, and safety. Download the 1xBet mobile app and play Aviator. Also, in the application you will find a large selection of sports disciplines and online casinos. You can download the application from our official website without paying money. Get the best odds for betting, as well as convenient payment methods and bonuses. The functions of the mobile app make it attractive to use. These are some of them:
https://joy.bio/paustibevtam1974
Book a Delivery Their budget-friendly Iftar pack comes with a 10 percent discount for self-pickup. The kit includes chicken tikka biryani, chicken mini pizza, chicken momo, nombu kanji, mini veg rolls, a sweet, juice, water, and fruits. Priced at ₹399. To pre-book, call 9500128070. Mobile-friendly games with gripping gameplay and immersive themes – our slots provide maximum entertainment. At its core, the game is a blend of traditional slot mechanics and a modern approach to game of chance play. Every spin in this chicken road gambling game is meticulously designed, combining high chicken road rtp values with engaging bonus rounds that can multiply your wager. The immersive visuals and smooth gameplay create an environment where every bet is a strategic move toward that coveted golden egg prize.
http://pharmau24.com/# Pharm Au 24
buy antibiotics from india: buy antibiotics online uk – get antibiotics without seeing a doctor
antibiotic without presription BiotPharm buy antibiotics from canada
Ero Pharm Fast: Ero Pharm Fast – ed medication online
order ed pills online: online ed medicine – Ero Pharm Fast
The Real Person!
The Real Person!
Decouvrez une plateforme innovante avec notre casino en ligne . Que vous soyez un amateur de slots , de jeux de cartes ou de jeux de table , notre espace gaming propose une bibliotheque de jeux variee pour une experience unique. Ne manquez pas l’opportunite de maximiser vos gains avec un Code Promo Casinozer . Grace a nos offres regulieres , vous beneficiez de bonus incroyables . Pour une experience mobile optimale , essayez l’App Casinozer et jouez partout , tout le temps. Les retours d’experience temoignent la qualite de cette casino en ligne. Connectez-vous facilement avec Casinozer Login et plongez dans un monde captivant. Rejoignez Casinozer des aujourd’hui et profitez du meilleur du gaming . jeux gratuits casino 770 gratuitPlus de Mathias Dahms s’exprime très clairement dans sa fonction de Président du DSWV : « La Commission méconnaît son mandat de gardienne des Traités et donc des libertés fondamentales en Europe. les coûts ne doivent pas exploser. responsable des opérations de casino au Resorts World Las Vegas,L’ambiance exclusive est actuellement une taxe annuelle pouvant aller jusqu’à 25. Il est satisfait de son électronique depuis de nombreuses années. jeu gratuit en ligne hotel
https://tisortizmir.com/2025/05/27/penalty-shoot-out-devoplay-revue-complete-pour-les-joueurs-francais/
Création d’EvoPlay, Penalty Shoot Out Street est sorti en juillet 2023 et fait suite au succès du premier opus, Penalty Shoot Out. Avis d utilisateurs réels du jeu penalty shoot out ils ont l’idée qu’ils doivent toujours déposer de l’argent immédiatement, chez Luckme. L’éditeur suédois est le concepteur de plusieurs titres de jeux qui apparaissent dans les classements des meilleurs mini jeux en ligne. Il est le créateur des titres tels que Penalty Champion™, et Jet Lucky 2™, le titre préféré des pilotes en herbe. Aujourd’hui, l’éditeur transforme l’excitation et la précision du hockey en une aventure de casino fascinante à travers son tout nouveau jeu Shootout Champion™.