Q3 PAT at Rs 30.61 up 101 percent from Rs 15.23 crore last year.

Best Agrolife Ltd. the leading agrochemical company in India, declared financial results for Q3FY23 in its Board of Directors meeting. The company showed significant Year on Year growth for the quarter ending & 9 months ending 31st Dec 2022.

Consolidated Key Highlights-Q3 & 9 Months ending FY23

• The company recorded revenue of Rs 327.8 crore, a YoY growth of 41 percent as against Rs 232.5 crore in Q3 FY22. On 9 months basis revenue grew 65.5 percent (Rs 1492 crores as against Rs 901 crore in 9 Months last year) Q3 EBITDA at Rs 58.1 crore up 79 percent from Rs 32.43 crore last year. On 9 months basis EBITDA at Rs 306.5 Crores up 196 percent from last year of Rs 103.7 cr.
• Q3 PAT at Rs 30.61 up 101 percent from Rs 15.23 cr last year. 9 Months PAT at Rs 200.6 cr up 202.2 percent from last year of Rs 66.4 cr.

Commenting on the performance for the quarter and period ending December 2022 Vimal Alawadhi, Managing Director, Best Agrolife Ltd. (BAL) said, “We are glad to share that despite being a lean season BAL successfully managed to remain consistent with its performance in the third quarter of this financial year. While the company has shown growth with a positive outlook across all the business segments during this period. We are fully focussed on our global export expansion which will start reflecting in our revenue growth soon. The company is set to introduce new and exclusive patented products like Ronfen and other different segment products which will scale up our growth further in the next financial year.”

It is important to note that BAL recently obtained registration for the indigenous manufacturing of Cyhalofop-butyl and Propaquizafop Technical u/s 9(3) along with several crucial technicals.