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Finance

Best Agrolife posts Rs 811 Cr consolidated revenue in Q2 FY24

Company’s PAT for the quarter was at Rs 95 crores up 5 per cent QoQ and down 27 per cent YoY compared to Rs 91 crore in Q1 FY24 and…

Hester Biosciences consolidated net profit up 6% to Rs 10.75 Cr in H1FY24

Company records 28 per cent rise in revenue from operations to Rs. 158.31 crore in H1FY24. Hester Biosciences Limited, one of India’s leading animal health company, manufacturing vaccines and health…

Praj Industries reports Rs 8,823.7 Mn revenue in Q2 FY24

Company records Rs. 623.679 million PAT in Q2FY 24 compared to Rs. 657.778 million PAT in Q2 FY23. Pune based Praj Industries (Praj), announced its unaudited financial results for the…

Sustainable packaging startup Fibmold raises $10M from Omnivore and Accel

 Fibmold’s entry promises to ignite the growth of the moulded fiber packaging industry in India. Fibmold, a startup focused on sustainable packaging, has raised a $10 million round led by…

Bull-Agritech raises 8 Mn from PedalStart in pre-seed funding round

 Company plans to use funds to accelerate the operations in non-perishable agri-supply chain along with building the team. Agri-tech company Bull Agritech has raised $100K (Rs 8 million) in a…

IIL records 20% growth in Q2 FY24, aided by value-added product portfolio

In the first \of FY24, IIL recorded Rs 13,359 Mn in revenue, a significant 17 per cent growth compared to Rs 11,429 Mn in H1FY23. Insecticides (India) Ltd. (IIL), a…

UPL reports loss of Rs 189 Cr in Q2 FY2024 due to global channel destocking

Company’s total income in Q2 FY 2023-24 was Rs 10,170 crore compared to Rs. 12,507 crores during the corresponding period in FY 2022-23. Global agrochemical company, UPL Ltd. has reported…

FMC Corporation posts revenue of $982 Mn in Q3 FY2023

Third quarter results significantly impacted by lower sales in Latin America channel destocking in all regions FMC Corporation reported a third-quarter 2023 revenue of $982 million, a decrease of 29 per cent versus the third quarter…

Integrated Agri-drone company AITMC Ventures (AVPL) files DRHP with NSE Emerge

AVPL operates primarily in three areas: Skill Development, Drones Skilling and Assembly and Agri-retail. AITMC Ventures Limited (AVPL), a pioneer in developing a self-sustained ecosystem covering the entire farming value…

Upstream agtech investment increased by 24% in 2022 in Asia-Pacific region: Omnivore report

India briefly overtook China in agrifoodtech investment, while Southeast Asia demonstrated significant potential with $1.7 billion in funding. As the world’s largest region in both geography and population, with a…

Govt notifies Minimum Export Price (MEP) of US$ 800 per MT on onion export

Government has also announced the procurement of additional 2 lakh tons of onion for the buffer, over and above the 5 lakh tons already procured. The Government on October 28,…

BharatAgri raises Series A funding of Rs 35 Cr from Arkam Ventures

The funds will be used to scale up BharatAgri’s e-commerce platform to cater to new geographies and strengthen its last-mile delivery. BharatAgri, an advisory-led e-commerce platform for farmers, announced that…

IRRI, DA-PhilRice, and PCIC team up for innovative crop insurance for rice

The IRRI-PhilRice-PCIC tripartite partnership will bring innovative crop insurance products to improve the resilience of Filipino farmers to climatic risks. The International Rice Research Institute (IRRI), the Philippine Rice Research…

Yara delivers strong cash flow in lower margin environment in Q3 2023

 Company’s EBITDA is down 62 per cent due to reduced margins. Oslo based Yara International announced Third -quarter results of 2023.  Third-quarter EBITDA excl. special items1 was USD 396 million,…

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