The company’s PBT for the first six months has been registered at Rs 67.92 crore
New Delhi-based Best Agrolife has registered revenue of Rs 668.95 crore for the period ending September 30, 2021, registering a jump of 4.43 per cent over PY of Rs 640.60 crore with an EBITDA of Rs 71.29 crore. The profit after tax was at Rs 50.73 crore. The company’s profit before tax for the first six months was Rs 67.92 crore that grew drastically five times compared to the previous year’s Rs 12.57 crore.
The company in its second quarter generated revenue of Rs 324.39 crore with a growth of 16.81 per cent – an EBITDA of Rs 35.23 crore and PAT of Rs 24.95 crore.
The merged turnover of two subsidiaries- Best Crop Science and Seedlings India– will reflect from the third quarter onward. The company expects a growth of 30-35 per cent in revenue and PBT to change from 7 per cent to 11 per cent. The company plans to purchase an agrochemical factory located in Sabha, Jammu (Jammu and Kashmir).
“The continuous efforts to understand the needs of our biggest stakeholders and the farmers are 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 Vimal Alawadhi, MD, Best Agrolife.
