Sadhana Nitrochem Limited — Updates, 21-11-2024: Press Release

Sadhana Nitro Chem Ltd. has reported a Q2FY25 revenue of ₹32.71 Cr, reflecting a 6% increase quarter-on-quarter, although this marks a 21% decline year-on-year. EBITDA stood at ₹9.71 Cr, rising 4% QoQ but down 24% YoY. Profit Before Tax (PBT) decreased significantly to ₹1.31 Cr, down 71% YoY, while Profit After Tax (PAT) surged 1275% QoQ to ₹0.55 Cr.

The management highlighted challenges posed by Chinese dumping affecting profitability but remains optimistic for recovery as market conditions are expected to favor local manufacturers. They have requested assistance from the Department of Pharmaceuticals to address these issues and are keen on leveraging the Production Linked Incentive (PLI) Scheme to support domestic production of Para-amino-Phenol (pAP). As SNCL progresses with its strategic initiatives and tapping into export markets, there’s a positive outlook for future growth amid ongoing challenges.