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HomePosts Tagged "Best Agrolife Ltd"
Agribusiness, Agro chems – Chemicals, Company News, Finance, India

Company posted Revenue from Operations at Rs. 746.6 Crore in Q2 FY25.

Best Agrolife Limited, amongst India’s leading agrochemicals manufacturers, announced its unaudited financial results for the quarter and half year ended September 30th, 2024, in the Board meeting held on 18th October, 2024.

 Company’s Q2 FY25 Revenue from Operations declined by 8 per cent YoY to Rs. 746.6 crore in Q2 FY25 compared to Rs. 811.2 crore in Q2 FY24 due to lesser sprays on account of continuous rains and a strategic higher focus on branded sales. Branded sales contributed 65 per cent to the overall revenue as compared to 63 per cent in Q2FY24. Q2 FY25 EBITDA was at Rs. 147.1 crore compared to Rs. 144.1 crore in Q2 FY24. EBITDA margin stood at 19.7 per cent with an increase of 193 Bps on YoY basis, mainly on account of stability in raw material prices & higher sales of branded products. Company’s Q2 FY25 PAT stood at Rs. 94.7 crore compared to Rs. 94.9 crore in Q2 FY24. As on September 30, 2024, the Net Debt to equity has improved to 0.59 as compared to 0.90 as on 31st March 2024.

Commenting on the result and overall update on the Q2 FY25, Vimal Kumar, Managing Director, Best Agrolife Ltd. said, “We are pleased to announce that Best Agrolife Ltd. has delivered a strong performance in Q2 FY25, capitalising on favourable market conditions and executing our strategic shift toward branded sales. Our commitment to enhancing brand visibility and expanding our market presence has yielded positive results, contributing significantly to both top-line and bottom-line growth.”

During H1 FY25, we secured three key patents for our innovative formulations, reinforcing our leadership in the crop protection segment. Our branded products continued to perform exceptionally well across regions, driving overall revenue growth. As a result of these efforts, we saw a substantial improvement in profitability, with our margins expanding from 26 per cent to 34 per cent year-on-year.

Due to our effective working capital management, we have seen a significant improvement in cash flow from operating activities, rising from Rs 5 crores in H1FY24 to Rs 125 crores in H1FY25, reflecting our ongoing focus on optimizing financial performance.

A notable achievement has been the effective management of sales returns-a challenge we faced in the previous fiscal year. By optimizing our supply chain to better align with channel demand, we successfully reduced sales returns, which are expected to remain significantly lower than last year.

“Looking ahead, we are excited about our strong product pipeline for Q3 and Q4 FY25. In the upcoming quarter, we plan to launch our patented herbicide ‘Shot Down’ alongside a new insecticide. Additionally, two more cutting-edge insecticides are slated for release in Q4, further strengthening our product portfolio and market competitiveness. As we move forward, Best Agrolife remains committed to leveraging innovation, expanding brand presence, and maintaining financial discipline to drive sustainable growth in the coming quarters.”

Business Highlights

The Company was granted a patent for its novel ternary pesticide formulation that integrates Isoprothiolane, Pymetrozine, and Trifloxystrobin; as well as one for its fungicide formulation that combines Trifloxystrobin and Valifenalate.

Best Agrolife received a patent for innovative insecticide formulation ‘Nemagen’ that combines Chlorantraniliprole, Novaluron, and Emamectin Benzoate.

The Company received regulatory approval for Nemagen, an insecticide formulation called to target resistant pests causing major crop damage.

Company posted Revenue from Operations at Rs.

Agribusiness, Agro chems – Chemicals, Company News, Finance, India

Company posted Profit After Tax of Rs 21.3 Crore in Q1FY25.

Best Agrolife Limited, amongst India’s leading agrochemicals manufacturers, announced its unaudited financial results for the quarter ended June 30th, 2024. Company reported Rs 519.3 Cr revenue from operations in Q1 FY25. Company’s EBITDA (excluding other income) stood at 54.6 crore. Company posted Profit After Tax of Rs 21.3 Crore in Q1FY25.

Inventory de-stocking issues should improve with the good monsoon, as higher demand and improved volumes have helped companies liquidate excess inventory in Q1 FY25.

During the quarter, Best Agrolife achieved key milestones by launching four patented products. The Company launched a patented rice herbicide under the brand name “Orisulam,” which is a broad-spectrum pre-emergence, early post-emergence and post-emergence herbicide. This patented triple combination herbicide controls a wide variety of weeds, grasses and sedges.

Best Agrolife also introduced another new patented product under the brand name of “Nemagen”. This is an innovative broad-spectrum insecticide with three potent technicals of CTPR, Novaluron, and Emamectin. This product combats the developing pest resistance. This product is an excellent solution for farmers for crops such as cotton, paddy, maize, pulses and vegetables.

The Company also introduced a patented soybean seed treatment and insecticide under the brand name “Warden Extra”. India ranks 5th in the world for soybean production and this product has an excellent scope for the years to come.

And the fourth patented product is a unique product – “Defender”. This unique insecticide plus fungicide combination is an excellent paddy product with effectiveness against fungal diseases such as blight as well as for eradicating the major paddy pest of BPH. This combination will control the major threats to paddy crops, thus improving yields and crop resilience. With the expectation of good rains and a good paddy crop, this will be another good product for the years to come.

Additionally, the Company secured a patent for a Stable Synergistic Pesticidal Composition, highlighting its commitment to innovation and sustainability. These advancements demonstrate the Company’s dedication to providing cutting-edge solutions and supporting farmers with reliable products.

Company posted Profit After Tax of Rs

Agribusiness, Agro chems – Chemicals, Agrotech, Company News, India

With SAP S/4HANA Greenfield, BAL will harness advanced analytics, machine learning, and automation capabilities, thereby bolstering decision-making and fostering innovation across the organisation.

Best Agrolife ltd announced a significant advancement in its digital journey through the successful integration of SAP S/4HANA Greenfield into its systems. This move signals a major stride towards optimizing operations, improving efficiency, and driving analytics-based growth for the company. This integration marks a comprehensive reengineering of the company’s digital infrastructure, facilitating streamlined processes, real-time insights, and heightened agility in responding to the dynamic agrochemical market demands.

With SAP S/4HANA Greenfield, Best Agrolife Ltd (BAL) will harness advanced analytics, machine learning, and automation capabilities, thereby bolstering decision-making and fostering innovation across the organisation. By consolidating finance, supply chain, manufacturing, and sales functions onto a unified platform, the company gains enhanced visibility and control over its entire value chain.

Vimal Alawadi, MD of BAL, said “The adoption of SAP S/4HANA Greenfield represents a transition point in our digital journey. In addition to embracing formulation and technical innovation, we will walk the path of digitization. We recognise the value of analytics, digitisation, integrated operations and need for real time data for business intelligence. Our goal will be to maximize customer delight and shareholder value.”

The successful implementation was facilitated by the partnering with Samishti Infotech. Samishti Infotech played the crucial role in ensuring a seamless integration process and smoothing the transition of SAP S/4HANA greenfield into the company’s systems.

N Surendra Sai, Head of Strategy and International Business at BAL, spearheaded the implementation of this project. With three decades of experience encompassing Organizational Program Management, Business Analytics, Innovation, Startup Culture, and Technology. Sai has held leadership roles in both private and government sectors, including at or Wiprsations such as Wipro Technologies and DRDO.

With SAP S/4HANA Greenfield, BAL will harness

Agro chems – Chemicals, Agro chems – Pesticides, Agrotech, Company News, India, R&D

The product will be launched in the next kharif season under the brand name ‘Orisulam‘.

Best Agrolife Ltd., a leading agrochemical manufacturer in India, announces a groundbreaking achievement in the agricultural field. Its wholly owned subsidiary, Seedlings India Private Limited, has been granted a 20-year patent by the Indian Patent Office-Government of India for its innovative creation, the “SYNERGISTIC GRANULAR HERBICIDAL COMPOSITION FOR PADDY.” The company intends to introduce this one-shot herbicide in the upcoming Kharif season under the brand name “Orisulam”.

This patent follows Best Agrolife’s recent success in securing another 20-year patent for their innovative “Synergistic Pesticidal Composition”, which includes two insecticides and a fungicide and offers an integrated approach to address critical challenges in rice cultivation. In addition to these breakthrough patents, Best Agrolife also made a pivotal shift in the conventional supply chain dynamics by forging a strategic partnership with Syngenta, a global leader in agriculture, to market Pyroxosulfone 85% WG herbicide under the brand name “Movondo”.

Vimal Kumar, Managing Director of Best Agrolife Ltd, expressed his enthusiasm for this milestone, stating, “Weed management has always been a critical factor in optimizing rice crop yields. Successful weed control is essential for obtaining optimum rice yields. We are delighted to receive this patent. It underscores our commitment to innovation and sustainable agriculture. This patent will further strengthen our herbicide portfolio and enable us to serve our farming community better.”

“This powerful single-shot herbicidal composition will provide a comprehensive solution for paddy farmers. This unique blend will offer enhanced weed control, reduced environmental impact, and improved crop safety, thus helping to increase yields and farmer income,” he further added.

The newly patented herbicidal composition is a powerful and effective solution for addressing the challenges of Monocot and Dicot weeds in paddy crops. It offers a comprehensive strategy to combat weeds such as Echinochloa crusgalli, Echinochloa colonum, Ludwigia parviflora, Cyperus rotundus, Cyperus difformis, Cyperus iria, Fimbristylis miliacae, Monochoria vaginalis, Leptochloa chinensis, Panicum repens, Chenopodium album, Commelina benghalensis, and Eclipta alba.

The product will be launched in the

Agro chems – Chemicals, Agro chems – Pesticides, Agrotech, Company News, India, R&D

Patent is granted for Synergistic Pesticidal Composition that includes two insecticides and a fungicide to address some of the most pressing challenges in rice cultivation.

Best Agrolife Ltd, a renowned agrochemical company in India, has announced a groundbreaking achievement in agricultural innovation. One of the company’s wholly owned subsidiaries, Seedlings India Pvt Ltd has been granted a 20-year patent for a revolutionary invention of a Synergistic Pesticidal Composition that includes two insecticides and a fungicide to address some of the most pressing challenges in rice cultivation.

The patented invention is a powerful and effective solution for tackling the Brown Plant Hopper (BPH), Green Leaf Hopper, White Backed Plant, and a variety of fungal diseases that have long plagued rice crops in India and around the world.

The insecticides featured in this groundbreaking composition offer a dual mode of action that is highly effective against the Brown Plant Hopper (BPH). BPH has become increasingly resistant to conventional agrochemicals, posing a significant threat to rice farmers. Best Agrolife Ltd’s solution provides a fresh approach to combat this devastating pest and safeguard rice crops.

In addition to its prowess against insect pests, the patented composition includes a potent fungicide that has been globally recognized for its effectiveness in agriculture. This fungicide has a proven track record in combatting a range of fungal diseases, including white mold, rot, early and late leaf spot, rusts, and rice blast. Its inclusion in this innovative formula further enhances its utility and versatility in rice cultivation.

 Vimal Kumar, the Managing Director of Best Agrolife Ltd, expressed his enthusiasm about this groundbreaking invention, stating, “At Best Agrolife Ltd, we are committed to advancing agricultural practices and providing farmers with sustainable and effective solutions. This patent represents a significant milestone in our journey to enhance crop protection and yields. We believe this innovation will play a vital role in ensuring food security for our nation and beyond.”

This patent reinforces Best Agrolife Ltd’s commitment to research and development, as well as its dedication to addressing the evolving challenges faced by farmers. By continually investing in cutting-edge solutions, the company aims to empower farmers with the tools they need to secure their livelihoods and contribute to global food security.

It is noteworthy that following the approval for domestic production of their ambitious product Tricolr, BAL launched it nationwide. Tricolr quickly gained popularity among farmers due to the highly satisfying results it delivered.

Patent is granted for Synergistic Pesticidal Composition

Agro chems – Chemicals, Agrotech, Company News, India

BAL is all set to launch this product in July with the brand name Tricolor and it will be the company patented product.

Agro chemical major, Best Agrolife Limited (BAL) has received the registrations for the indigenous manufacturing of the product Trifloxystrobin 10 per cent + Difenoconazole 12.5 per cent + Sulphur 3 per cent Sc under section 9 (3) FIM from Central Insecticides Board & Registration Committee (CIBRC). With this Best Agrolife Limited (BAL) will become the first Indian agrochemical company to manufacture the combination product of Trifloxystrobin 10 per cent + Difenoconazole 12.5 per cent + Sulphur 3 per cent Sc in India with brand name Tricolor.

BAL is all set to launch this product in July with the brand name Tricolor and it will be the company patented product. The company is launching Propaquizafop and Amytrn with the brand name Propique and Amito respectively in the first quarter of FY24. All these products will help us in maintaining the goal of 30 per cent growth and 20 per cent EBITDA margin in the current financial year.

BAL is all set to launch this

Agro chems – Chemicals, Company News, Finance, India

The company recorded revenue of Rs 463.7 crores in Q1 FY23 as against Rs 344.6 crores in Q1 FY22.

 Best Agrolife Ltd, India’s fastest-growing agrochemical company has reported strong financial results for the first quarter ended 30th June, 2022. It posted a multi-fold jump in its consolidated revenue at Rs 463.7 Crores jumping 49.9 per cent QoQ. The EBITDA stood at Rs 65.9 crores, displaying an 82.7 per cent YoY growth and 6.1 per cent QoQ growth in the first quarter of the current fiscal, the company said in its statement.

Best Agrolife Ltd (BAL), the leading manufacturer of agro-inputs in India. It declared its financial results for Q1FY23 on 05 August 2022 at the meeting of its Board of Directors.

Consolidated Key Highlights-Q1 FY23

▪ The company recorded revenue of Rs 463.7 crores, a growth of 34.6 per cent as against Rs 344.6 crores in Q1 FY22. On a sequential basis, revenue grew by 49.9 per cent.

▪ EBITDA at Rs 65.9 Crores grew significantly by 82.7 per cent as against ₹ 36.06 Crores in Q1 FY22; EBITDA margin for the quarter at 14.2 per cent as against 10.5 per cent in Q1 FY22.

▪ PBT at Rs 53.4 Crores, a growth of 53.5 per cent Y-o-Y & 8.4 per cent on Q-o-Q basis

▪ PAT also registered a robust growth of 54.7 per cent YoY at Rs 40.1 Crores in comparison to Rs 25.94 Crores reported in Q1 FY21.

Commenting on the results, Vimal Alawadhi, Managing Director, BAL, said, “We are pleased to inform you that after closing FY2022 with strong results we have succeeded in maintaining our upward growth momentum in the first quarter of the current fiscal year as well. Due to our futuristic vision, discipline, and carefully crafted strategy we improved on FY22 EBITDA margins despite inflationary pressures. During this quarter we launched many new revolutionary products including our patented product RONFEN. The initial response has been good and we expect a pick-up in the next quarter.”

The company recorded revenue of Rs 463.7

Agro chems – Chemicals, Agrotech, Company News, India

BCSPL is equipped with NABL accredited State of the art labs to ensure quality control and quality analysis at each stage of material receiving.

A subsidiary company of Best Agrolife Ltd received an A- long-term rating from India’s top credit rating agency CARE Ratings. Strong parentage of Best Agro group along with its established track record of integrated operations, experienced management, diversified product portfolio, wide distribution network, the healthy operational performance marked by consistent growth in scale of operations, and improved profitability margins have helped the company in taking the commendable leap in the credit ratings.

Best Crop Science India Pvt Ltd (BCSPL), a part of Best Agro Group, was allotted a credit rating of A- by CARE Ratings on 21 July 2022. BCSPL was incorporated in August 2015. It is a wholly-owned subsidiary of Best Agrolife Ltd (BAL). BCSPL has a manufacturing unit in Gajraula, Uttar Pradesh with an installed capacity of 15,000 tons per year. One of the significant suppliers of agro-inputs the company manufactures Technical and Formulation Grade herbicides, insecticides, and fungicides. It is equipped with NABL accredited State of the art labs to ensure quality control and quality analysis at each stage of material receiving & various stages of the manufacturing process.

It is important to note that BAL had already got an A- credit rating in November 2021. Listed among the top 15 agrochemical companies in India, BAL is a research-based organization that serves the farmer community across the globe by bringing in world-class and cost-effective farm solutions in the form of novel agrochemical formulations. Supported by NABL accredited Labs, separate R&D synthesis & formulations, 3 world-class state-of-the-art manufacturing units, and over 600 happy employees, BAL is continuously working on developing highly effective solutions against the most critical farm issues being faced by farmers across the globe.

 The company offers more than 70 formulations of insecticides, herbicides, fungicides, and PGRs and retains an unrivalled portfolio of 360+ formulations and more than 80 technical manufacturing licenses. BAL’s domestic business has an extensive network which strengthens our penetration. The company has a distribution network of more than 3600 dealers and distributors and has 1500+ retail points across the country. BAL is now creating waves in the agricultural world with its new products Ronfen, Warden, Axeman, Reveal, and Tombo. The company recently started its business operations in the southern region of India.

BCSPL is equipped with NABL accredited State

Agro chems – Chemicals, People

Karlekar is a renowned technocrat in chemical arena and R&D expert with more than 35 years of rich experience in the agrochemical industry.

India’s leading Agrochemical company Best Agrolife Ltd announced the appointment of Pramod N Karlekar as the Managing Director of their subsidiary company Best Crop Science Pvt Ltd (BCSPL).   Karlekar is a renowned technocrat in chemical arena and R&D expert with more than 35 years of rich experience in the agrochemical industry. He holds an impressive track record of handling strategic leadership roles and business operations of many multinational companies & large Indian corporate houses.

“We feel fortunate to have Karlekar on board and we are sure that under his direction BCSPL will reach new heights. Karlekar’s proven leadership skills, superior management skills, strong customer focus, sharp commercial acumen, strategic business focus, and long experience of holding leading roles in the chemical industry will help the company to develop and execute winning growth strategies,” says Vimal Alawadhi, Managing Director of Best Agrolife Ltd (BAL).

A Chemical Engineer from UDCT- one of the top Indian Institute for Chemical Technology and a Management Graduate from Mumbai University, Karlekar has a diverse and enriching professional background. He has been associated at the apex level with many reputed organizations starting with Davy Powergas India – an engineering consultancy firm of global repute.

He promoted Sudarshan Farm Chemicals India Private Limited in 2018 with a view to develop chemical technologies for products not being manufactured by anyone in India thus far and assumed the position of its CMD. Now, he would be taking over the responsibility as Managing Director of BCSPL, while continuing to be the Chairman of Sudarshan Farm Chemicals.

While fulfilling his responsibilities for various commercial assignments mentioned above, he has also contributed to the cause of industry in the capacity of Director on the board of CropLife Asia and CropLife Africa- Middle East and also as Director on Crop Care Federation of India for over last two decades.

Karlekar is a renowned technocrat in chemical

Agro chems – Chemicals, Finance

Profit After Tax also registered a robust growth of 51 % YoY at ₹ 38.16 Crores in comparison to ₹ 25.28 Crores reported in Q4 FY21

Best Agrolife Ltd has announced its financial results for Q4 FY22 in its Board of Directors meeting. The fastest-growing agrochemical company in India has reported robust financial results for the fourth quarter ended March 31, 2022 and for the full financial year 2021-22.

Commenting on the results, Managing Director of Best Agrolife Ltd (BAL), Vimal Alawadhi said, “Other than grabbing the registration for the indigenous manufacturing of a number of crucial technicals and pesticides we also bagged two major patents namely Ronfen and Shot Down. We registered remarkable income growth this year, and we closed it with good business momentum. We also started operations in our subsidiary Seedlings India Pvt Ltd plant and our acquired J&K-based unit Agrico which will definitely push the formulation segment and increase the brand business significantly. Overall, the company is in a strong position to utilize the future opportunities and is looking forward to explore the markets outside India in order to expand our global footprints. ”

“The company expects this trend to continue in FY2023. Our R&D team is coming up with a number of innovative and niche chemistry-led products in the coming year thus creating an extremely strong pipeline of business. Our newly launched high-precision products namely Ronfen, Warden, Reveal, Tombo, and Axeman will not only act as real differentiators from conventional crop solutions for farmers but create value for all our stakeholders by increasing the revenue significantly. With our focus on niche products, we are targeting a growth of around 30 per cent and an EBITA of more than 20 per cent in the coming year,”Vimal Alawadhi added further.

Consolidated Key Highlights-Q4 FY 22

The company recorded revenue of ₹ 309.35 Crores for the quarter ended 31 March 2022, a growth of 48.6 per cent YoY as against ₹ 208.13 Crores in Q4 FY21

EBITDA at ₹ 62.1 Crores grew significantly by 68.1% YoY as against ₹ 36.95 Crores in Q4 FY21; EBITDA margin for the quarter was at 20.07 per cent.

PBT was at ₹ 49.33 Crores, a growth of 42.4 % YoY over ₹34.65 Crores reported in the corresponding quarter previous year

PBT also registered a robust growth of 51 % YoY at ₹ 38.16 Crores in comparison to ₹ 25.28 Crores reported in Q4 FY21

Consolidated Key Highlights- FY 22

The company recorded revenue of ₹ 1210.79 Crores in FY22, a growth of 33.7 per cent as against ₹ 905.45 Crores in  FY21

EBITDA at ₹ 165.81 Crores grew significantly by 224 per cent as against ₹ 51.18 Crores in FY21; EBITDA margin for FY22 was at 13.69 per cent with respect to 5.65 per cent in FY21.

Profit After Tax also registered a robust