DHARMAJ CROP GUARD Q2 : CONS NET PROFIT DOWN 23.8% AT RS 13.21 CR (YOY), DOWN 65.3% (QOQ). WEAK (ON 1ST LOOK)

Revenue down 4.2% at 332.62 Cr (YOY), down 13% (QOQ). Ebitda down 18.8% at 25.84 Cr (YOY), down 55.9% (QOQ); margins 7.8% v 9.2% (YOY), 15.3% (QOQ). Company planning to obtain approvals for incorporating a wholly-owned subsidiary in Brazil.

Dharmaj Crop Guard Limited

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