(20 second reading) Agri-business company Godrej Agrovet Ltd reported a threefold YoY jump in net profit at Rs.65.5 crore for the fourth quarter that ended March 31, 2024.
In the corresponding quarter, Godrej Agrovet posted a net profit of Rs.23.5 crore. The company’s revenue from operations increased 1.9% to Rs.2,134.3 crore against Rs.2,095 crore in the corresponding period of FY23.
EBITDA jumped 98.1% to Rs. 148 crore in the Q4 of this fiscal over Rs.74.7 crore in the year-ago period. The EBITDA margin stood at 6.9% in the Q4 versus 3.6% in the corresponding period