Godrej Agrovet’s Q2 2023 results: Revenue beats expectations, EPS lags

Godrej Agrovet (NSE:GODREJAGRO) Second Quarter 2023 Results

Main financial results

  • Revenue: ₹24.5 billion (up 14% from Q2 2022).
  • Net profit: ₹717.6m (down 34% from Q2 2022).
  • Profit margin: 2.9% (vs. 5.1% in 2Q 2022). The lower margin was driven by higher expenses.
  • EPS: ₹3.73 (from ₹5.69 in Q2 2022).
NSEI:GODREJAGRO Earnings and Revenue Growth November 6, 2022

All figures shown in the table above are for the 12 month period (TTM)

Godrej Agrovet’s revenue beats expectations, EPS falls short

Revenue beat analysts’ estimates by 1.1%. Earnings per share (EPS) missed analysts’ estimates by 33%.

Going forward, revenue is expected to grow by 12% per year on average over the next 3 years, against a growth forecast of 9.5% for the food industry in India.

Performance of the Indian food industry.

Shares of the company are down 1.0% from a week ago.

Risk analysis

It must be said that we discovered 2 warning signs for Godrej Agrovet which you should be aware of before investing here.

Valuation is complex, but we help make it simple.

Find out if Godrej Agrovet is potentially overvalued or undervalued by viewing our full analysis, which includes fair value estimates, risks and warnings, dividends, insider trading and financial health.

See the free analysis

This Simply Wall St article is general in nature. We provide commentary based on historical data and analyst forecasts only using unbiased methodology and our articles are not intended to be financial advice. It is not a recommendation to buy or sell stocks and does not take into account your objectives or financial situation. Our goal is to bring you targeted long-term analysis based on fundamental data. Note that our analysis may not take into account the latest announcements from price-sensitive companies or qualitative materials. Simply Wall St has no position in the stocks mentioned.

Comments are closed.