SHARDACROP Q4 FY23 Result Update:
Way Forward:
- Forward Integration: Build Sales Force
- Continual Investment in Product Registrations
- Focus on Operational Efficiencies (Margin improvements & better cost management)
- Expand & Strengthen Distribution Presence
Highlights:
- Revenue growth led by better product mix & price realization in Q4 FY23.
- Gross Margins have improved by 240 basis points due to increased sales in Europe and better margins in Q4 FY23.
- EBITDA margins reduced due to increase in local freight costs in Q4 FY23.
- Favourable impact of Forex gain.
- Gross Margins have been impacted by weakening of €/$ leading to increased input cost mainly in H1 FY23.
- ROCE & ROE have reduced from 25.7% to 20.8% YOY and from 19.8% from 16.5% YOY respectively.
- Debt reduced from Rs. 38 crores to Rs. 3 crores YOY.
- Cash increased from 300 crores to 328 crores.
