Godrej Agrovet shares plunge 5% on weak Q4 earnings

Godrej Agrovet reported a 74% drop in its January-March quarter consolidated net profit. The company's profit after tax (PAT) for the quarter ended March 31, 2023, was INR 31 crore, down from INR 122 crore in Q4FY23. The total revenue from operations for the quarter was INR 2,095 crore versus INR 2,081 crore in the same period last year, up 0.67%. The stock has underperformed Nifty50, giving negative returns of 20% over the last one year. Godrej Agrovet stock was trading at INR 421.70 on the NSE.

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