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Godrej Agrover Q2 Results: Revenue growth of 17%; Stock recovers to end higher

Reported by: CNBC TV18 ·

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Godrej Agrovet

Summary

CNBC TV18 reported that Godrej Agrovet's revenue for Q2 rose 17%, but its operating performance was weak, and the stock fell. The outlet said EBITDA, or earnings before interest, tax, depreciation and amortisation, dropped 6.1% to ₹200 crore from ₹213 crore a year earlier. EBITDA margin narrowed by 160 basis points to 6.7%. Q2 is the July to September quarter, the second quarter of India's financial year. EBITDA is a measure of profit from core operations before interest, tax and accounting charges for wear and tear of assets. A basis point is one-hundredth of a percentage point, so 160 basis points equal 1.6 percentage points. Margin is the share of revenue left as EBITDA. The report gives no reason for the fall.

AI summary of what CNBC TV18 reported. AI can make mistakes. Read the full story on CNBC TV18

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CNBC TV18  · · Tone +2

Godrej Agrover Q2 Results: Revenue growth of 17%; Stock recovers to end higher

Godrej Agrovet's Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) for the quarter declined 6.1% from last year to ₹200 crore from ₹213 crore. EBITDA margin narrowed by 160 basis points to 6.7% from…

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  • Q2

    Revenue, profit, margins and EPS: what the numbers in a quarterly result mean, why year-on-year and quarter-on-quarter differ, and what a headline can leave out.

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