Consolidated EBITDA, excluding non-recurring & exceptional items, increased to Rs. 159.6 crore in Q3 FY23 from Rs. 153.9 crore in Q3 FY22, a growth of 4% year-on-year.

Company reported Profit before tax*, excluding non-recurring & exceptional items, of Rs. 87.8 crore in Q3 FY23 as compared to Rs. 92.9 crore in Q3 FY22, a drop of 5% year-on-year.

Godrej Agrovet Limited has announced its financial results for the third quarter and nine months ended December 31, 2022

Consolidated revenues from operations increased to Rs. 2,323.5 crore from Rs. 2,078.5 crore in Q3 FY23, a growth of 12% year-on-year.

Consolidated EBITDA, excluding non-recurring & exceptional items, increased to Rs. 159.6 crore in Q3 FY23 from Rs. 153.9 crore in Q3 FY22, a growth of 4% year-on-year.

Company reported Profit before tax*, excluding non-recurring & exceptional items, of Rs. 87.8 crore in Q3 FY23 as compared to Rs. 92.9 crore in Q3 FY22, a drop of 5% year-on-year.

B. S. Yadav, Managing Director, Godrej Agrovet Limited,said:Godrej Agrovet maintained robust volume growth in Q3 and 9M FY23 with increase in topline of 12%
y-o-y in Q3 and 17% y-o-y in 9M FY23 over the corresponding previous periods. However, on themargin front, it was a challenging quarter for some of the businesses on account of adverse sectorspecific macro conditions, unfavorable commodity price movements and limited transmission of input cost inflation."