- Unfavourable global economic scenario, inventory built up in the system, sluggish demand from key export regions.
- Witnessing decent traction for our formulation products in both domestic and export markets.
- EBITDA margins and remained muted during FY23 due to lower price realization & higher power & fuel costs.
- Balance sheet continues to remain strong with Net Debt Free status along with cash of INR 118.6 crores.
- Heranba’s has aptly responded to the recent Gujarat Pollution Control Board (GPCB) closure notice for its Vapi plant. The management is confident to resume the commercial production from the Vapi unit in the coming days and the GPCB’s temporary Vapi plant’s closure notice has no impact on Heranba’s future business operations.
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