Best Agrolife Q1 results: Net profit jumps to Rs 90.5 crore
Agro chemical firm Best Agrolife Ltd on Monday reported an over two-fold jump in its consolidated net profit at Rs 90.5 crore for the June quarter of the current fiscal.
)
09:45 PM IST
Agrochemical firm Best Agrolife Ltd on Monday reported an over two-fold jump in its consolidated net profit at Rs 90.5 crore for the June quarter of the current fiscal.
Its net profit stood at Rs 40.12 crore in the year-ago period.
Total income rose to Rs 616.75 crore in the April-June period of 2023-24 fiscal from Rs 464.07 crore in the corresponding period a year ago, according to a regulatory filing.
Vimal Kumar, Managing Director of Best Agrolife Ltd, said the company has achieved remarkable growth momentum, with revenue from operations growing by 32 per cent despite the headwinds that the agrochemicals industry has been facing.
"Additionally, our EBITDA margins of 21 per cent can be attributed to the increasing contribution of speciality, niche, and patented products to our overall revenue," he said.
Catch the latest stock market updates here. For all other news related to business, politics, tech, sports, and auto, visit Zeebiz.com.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
)
)
)
)
)
)
)
)
)
)
Best Agrolife Q4 net loss widens to Rs 72.49 crore on price erosion
Best Agrolife to list shares on NSE from Wednesday
Best Agrolife acquires 100% stake in Sudarshan Farm Chemicals for Rs 139 crore 
Best Agrolife Q3 profit jumps to Rs 15.5 cr; revenue at Rs 232 cr
