Sharda Cropchem Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2024
May 10, 2024 at 12:58 pm
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Sharda Cropchem Limited reported earnings results for the fourth quarter and full year ended March 31, 2024. For the fourth quarter, the company reported sales was INR 13,120.5 million compared to INR 14,818.25 million a year ago. Revenue was INR 13,100.46 million compared to INR 14,888.67 million a year ago. Net income was INR 1,434.66 million compared to INR 1,988.35 million a year ago. Basic earnings per share from continuing operations was INR 15.9 compared to INR 22.04 a year ago.
For the full year, sales was INR 31,630.25 million compared to INR 40,451.57 million a year ago. Revenue was INR 32,227.87 million compared to INR 40,854.37 million a year ago. Net income was INR 318.83 million compared to INR 3,419.59 million a year ago. Basic earnings per share from continuing operations was INR 3.53 compared to INR 37.9 a year ago.
Sharda Cropchem Limited is an India-based agrochemicals company. The Company is focused on agrochemicals and non-agrichemical businesses. The Company operates through an asset-light business model, and its core competency lies in developing product dossiers and obtaining product registrations in different countries. The Company operates through two segments: Agrochemicals and Non-agrochemicals. Agrochemicals segment is engaged in Insecticides, Herbicides, Fungicides and Biocides. Non-agrochemicals segment is engaged in Conveyor Belts, V Belts and Timing Belts. Its product portfolio in the agrochemical business comprises formulations and generic active ingredients in fungicide, herbicide and insecticide segments for protecting different kinds of crops, as well as serving turf and specialty markets and a range of formulations and generic active ingredients. The product portfolio in the non-agrochemical business comprises belts, general chemicals, dyes and dye intermediates.
SHARDA CROPCHEM LIMITED 
