Heranba Industries Limited — Important, 13-11-2024: Financial Result Updates

**Heranba Industries Limited Financial Summary**

Heranba Industries reported consolidated revenue of ₹440.48 crore for the quarter, a 3.3% increase from ₹426.13 crore YoY. The half-year revenue rose to ₹737.87 crore, an increase from ₹707.13 crore in the previous year, driven by robust demand for agrochemicals and greater operational efficiency.

Net profit for the quarter stood at ₹37.65 crore, up from ₹26.91 crore, marking a remarkable 39.9% growth, resulting in an EPS of ₹9.49. Profit after tax for the half-year reached ₹54.26 crore, significantly higher than ₹21.30 crore YoY, bolstered by improved EBITDA margins at 14.10% versus 6.77% last year.

Operational costs increased by approximately 16.4%, mainly due to rising raw material costs, but continued tight cost management strategies reflect positively on overall profitability. The balance sheet remains healthy, with total assets at ₹1,751.24 crore, up 18.3% YoY. Positive cash flow operations of ₹63.12 crore indicate strong liquidity.

Despite operational challenges in the agrochemical sector, the outlook remains optimistic, focusing on strategic growth in new markets. Given the solid financial performance and growth potential, a buy insight is indicated.