The Waterbase Ltd. (TWL), pioneer in the Indian Aquaculture Industry with a focus on driving improvement in shrimp feed manufacturing, farm practices and shrimp processing has announced its financial results for the quarter and year ended March 31, 2018.
Q4FY18 v/s Q4 FY17
- Total Income stood at Rs. 66.8 crore, higher by 11.7%.
- PBT for the Quarter was Rs. 6.4 crore, against a PBT of Rs. 4.4 crore. Up by 45%
- PAT for the Quarter stood at Rs. 2.5 crore, versus a PAT of Rs. 2.8 crore
FY18 v/s FY17
- Total Income grew by 6.4% and stood at Rs. 344.3 crore.
- PBT grew by 171% and stood at Rs. 48.6 crore.
- PAT grew by 158% and is at Rs. 29.9 crore.
Commenting on the results, Mr. Ramakanth V. Akula, CEO said, "FY18 has been a landmark year for Waterbase. A concerted focus on the shrimp feed business and leveraging our expanded distribution network has led to strong volume growth which, supported by benign raw material prices, has propelled the Company to deliver its highest ever annual profit.
In addition, we have made significant progress towards launching our first Vannamei hatchery even as we concluded the amalgamation with Pinnae Feeds, thereby streamlining our business operations. The year also saw customers responding favorably to our range of farm care products under the brand 'Baylife' which has strengthened our competitive offering.
With an enhanced base for shrimp feed, wider distribution network and improved offerings comprising hatchery and ancillary products, we have created a strong platform to address the steadily growing opportunity in the aquaculture industry in India. Our Board has recommended a dividend of Rs. 1.50 per share to sustain the focus on value creation for our stakeholders."
Shares of WATERBASE LTD. was last trading in BSE at Rs.242.4 as compared to the previous close of Rs. 239.55. The total number of shares traded during the day was 97117 in over 1238 trades.
The stock hit an intraday high of Rs. 245.6 and intraday low of 230. The net turnover during the day was Rs. 23370776.