Best Agrolife Ltd announces results for H1 FY22

Best Agrolife Ltd (BESTAGRO) ranks among one of the top 15 agrochemical companies in India. It is one of the leading manufacturers and innovators in the country for Agrochemicals Technicals, Intermediates, Formulations, PGRs, and Public Health products. In their Board of Directors meeting held on 26th October 2021, the company announced their financial results for the quarter and half-yearly results as of 30th September 2021.

Best Agrolife Ltd. in its second quarter generated a revenue of Rs. 324.39 cr with growth of 76.87%. An EBTTDA of Rs. 35.23 Cr and PAT of Rs. 24.95 Cr.

The company delivered positive results with a H1 FY22 revenue of Rs. 668.95 Cr for the period ending 30 september 2021, registering a growth of 4.43% over PY of Rs. 640.60 cr. with an EBITDA of INR 71.41Cr., profit after tax was Rs. 50.73 Cr.

"The continuous efforts to understand the needs of our biggest stakeholders, the farmers, is showing us the path to create innovative products. with leading products in the upcoming quarters, we are creating a strong pipeline for the business," said Mr Vimal Alawadhi, Managing Director, Best Agrolife Ltd. He further added, "We expect to create significant value for all our stakeholders and next quarter onwards, our subsidiaries gest crop science pvt. Ltd. & seedlings India Pvt Ltd. Result will be reflected from third quarter onward."

Shares of Best Agrolife Limited was last trading in BSE at Rs. 1188.55 as compared to the previous close of Rs. 1114.10. The total number of shares traded during the day was 7281 in over 1360 trades.

The stock hit an intraday high of Rs. 1212.95 and intraday low of 1028.80. The net turnover during the day was Rs. 8203767.00.

Source : Equity Bulls

Keywords

BestAgrolife INE052T01013 Agrochemicals