Posts a revenue of Rs 344.56 crore in the same quarter
Best Agrolife, an India-based agrochemical company, has announced its financial results for the quarter ending on June 30, 2021. The company has registered a revenue of Rs 344.56 crore for the quarter with an EBITDA of Rs 36.06 crore (+316 per cent YOY). The PAT for Q1 FY22 was Rs 25.78 crore, a growth of 256 per cent YOY. EBITDA and PAT margins improved with a YOY increase of 338 per cent and 276 per cent respectively. The EBITDA margin was 10.47 per cent and the PAT margin was 7.46 per cent.
“We are pleased to announce our quarterly results, which showcase the progress the company is making in creating a robust and fast-growing business. Our company is now starting to see the benefits of its tremendous efforts in innovation, research, backward integration and good execution. We are excited about the growth and innovation coming through by way of market-leading products in the upcoming quarters, thus creating a strong business pipeline. We expect to create significant value for all our stakeholders. Our continuous efforts to understand the needs of our biggest stakeholders, the farmers, is showing us the path to create innovative products for their benefit and aid in sustainable farming,” said Vimal Alawadhi, MD, Best Agrolife.
