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Hester Biosciences Ltd.’s revenue was 5.6 billion rupees, down 14% year-on-year, against the backdrop of a 25% year-on-year decrease of 4 billion rupees in the poultry business, but to 1.7 billion rupees, up 46% year-on-year in the animal business. It was partially offset.
The Ebitda margin was down 1253 basis points year-on-year to 18%, primarily due to higher spending on other spending, while spending on expanding the veterinary drug market increased.
Ebitda was down 48% year-on-year to Rs 1 billion. After tax, profit after tax decreased by 41% year-on-year to 800 million rupees. [note: base of Q4 FY21 had Rs 6.8 crore of license fee income]..
Hester’s poultry business benefited from a major disease outbreak in the fourth quarter of 2009, but the economy of poultry farms in that quarter also deteriorated due to higher feed costs and lower final product prices.
The animal business has benefited from new product launches and geographical expansion.
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Hester Biosciences-Low Poultry Intake, Focusing on Animal Business: ICICI Direct
https://www.bqprime.com/research-reports/hester-biosciences-poor-offtake-in-poultry-focus-on-animal-business-icici-direct Hester Biosciences-Low Poultry Intake, Focusing on Animal Business: ICICI Direct