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HomePosts Tagged "financial results for Q3 FY22-23"
Biofuel industry, Company News, Finance, India, Sustainable Energy

Profit Before Tax stood at Rs. 85.90 crore in Q3 FY23 compared to Rs. 50.25 crore in Q3 FY22.

Pune, based Praj Industries (Praj) announced its unaudited financial results for the quarter and nine months ended December 31, 2022

Performance Review for Q3 FY23 – Consolidated:

• Income from operations stood at Rs. 909.97 crore (Q2 FY23: Rs 876.58 crore, Q3 FY22: Rs. 585.64 crore)

• PBT is at Rs. 85.90 crore for the period (Q2 FY23: Rs 65.78 crore, Q3 FY22: Rs. 50.25 crore)

• PAT is at Rs. 62.31 crore (Q2 FY23: Rs. 48.13 crore, Q3 FY22: Rs. 37.05 crore)

• Order intake during the quarter Rs. 944 crores (Q2 FY23: Rs. 981 crore, Q3 FY22: Rs. 956 crore)

Performance Review for 9M FY23 – Consolidated:

• Income from operations stood at Rs. 2,516.42 crore (9M FY22: Rs. 1,504.31 crore)

• PBT is at Rs. 205.91 crore for the period (9M FY22: Rs. 126.83 crore)

• PAT is at Rs. 151.70 crore (9M FY22: Rs. 92.60 crore)

• The consolidated order backlog as on December 31, 2022 stood at Rs. 3380 crore which comprises of 87.5 per cent domestic orders and 12.5 per cent international orders.

Commenting on the Company’s performance for Q3 & 9M FY2023, Shishir Joshipura, CEO & MD, Praj Industries said, “We delivered consistent performance in Q3 FY23 by leveraging our strong execution capabilities with unrelenting customer focus. Energy transition and climate action is emerging as a strong development agenda globally. To address business opportunities arising out of this, we are investing in a new manufacturing facility to be housed in a new subsidiary. We remain confident of building on this momentum.”

Profit Before Tax stood at Rs. 85.90

Agro chems – Chemicals, Company News, Finance, India

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.

Q3 PAT at Rs 30.61 up 101 percent from

Agro chems – Chemicals, Company News, Finance, India

Company has posted net profit of Rs. 22.55 crores for the quarter ended December 31,2022 as against net profit of Rs. 71.05 crores for the quarter ended September 30, 2022.

Rallis India Limited has reported total income of Rs. 632.47 crores during the quarter ended December 31, 2022 as compared to Rs. 953.26 crores during the quarter ended September 30, 2022. It reported total income of Rs.633.57 crores during the quarter ended December 31, 2021.

Rallis India Limited has posted net profit of Rs. 22.55 crores for the quarter ended December 31,2022 as against net profit of Rs. 71.05 crores for the quarter ended September 30, 2022. The company posted net profit of Rs.39.55 crores for the quarter ended December 31, 2021.

For the 9-month period ended December 31, 2022, Rallis India reported total income of Rs.2452.53 crores as compared to Rs.2116.35 crores during the 9-month period ended December 31, 2021.

The company has posted net profit of Rs.161.07 crores for the 9-month period ended December 31, 2022, as against net profit of Rs.178.41 crores for the 9-month period ended December 31, 2021.

Company has posted net profit of Rs.

Agro chems – Chemicals, Agro chems – Fertilizers, Company News, Finance, Middle East countries

ICL’s consolidated sales of $2,519 million were up 41 per cent year-over-year versus $1,790 million.

Israel-based leading global specialty minerals company, ICL reported its financial results for the third quarter ended September 30, 2022. Consolidated sales of $2,519 million were up 41 per cent year-over-year versus $1,790 million. Operating income of $935 million was up 191 per cent versus $321 million, while adjusted operating income of $928 million was up 195 per cent versus $315 million. Net income of $633 million was up 181 per cent, while adjusted net income of $628 million was up 192 per cent. Adjusted EBITDA of $1,049 million was up 139 per cent versus $438 million. Adjusted EBITDA margin of 41.6 per cent was up versus 24 per cent. Earnings per share of $0.49 were up 188 per cent versus $0.17.

Once again, ICL’s focus on long-term specialties solutions benefitted the company, as did additional upside from commodity prices, which began to ease following record-setting rates in the first half of the year.

“ICL delivered another quarter of record results, with record third quarter and year-to-date sales, operating income, EBITDA, operating cash flow and net profit, as well as a new production record at our Dead Sea site and year-to-date records for free cash flow and EPS. All three of our specialties businesses delivered record third quarter results, even with shifts in demand and continued global supply chain challenges,” said Raviv Zoller, president and CEO of ICL. “Our third quarter results reinforce our recent investor day message, which stressed our commitment to growing our leadership position across our differentiated businesses, as these represent significant long-term opportunities for ICL to deliver sustainable shareholder value.”

ICL's consolidated sales of $2,519 million were