Godrej Agrovet Limited (GAVL) announced its financial performance for the fourth quarter and fiscal year ended March 31, 2024, showcasing robust growth and profitability across its operations.
In Q4 FY24, GAVL reported consolidated revenues of Rs. 2,134 crore, marking a significant uptick from the previous year’s Rs. 2,095 crore. The company’s EBITDA (excluding non-recurring & exceptional items) surged to Rs. 164 crore, compared to Rs. 76 crore in Q4 FY23, while profit before tax (excluding non-recurring & exceptional items) saw an impressive jump to Rs. 83 crore. For the full fiscal year 2023-24, GAVL recorded consolidated revenues of Rs. 9,561 crore, up from Rs. 9,374 crore in FY23. The company’s EBITDA for FY24 stood at Rs. 757 crore, compared to Rs. 564 crore in the previous fiscal, with profit before tax soaring to Rs. 434 crore.
Mr. B. S. Yadav, Managing Director of GAVL, attributed the stellar performance to exceptional results in the domestic crop protection business, a turnaround in the dairy segment, and significant market share gains in animal feed.GAVL’s commitment to long-term sustainability targets, including energy consumption and water conservation, also contributed to its success.
