NEW DELHI, 27 January 2023: Best Agrolife Ltd. (BSE: BESTAGRO 539660), the leading agrochemical company in India, on Thursday 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 INR 327.8 crore, a YoY growth of 41 percent as against INR 232.5 crore in Q3 FY22. On 9 months basis revenue grew 65.5 percent (INR 1492 cr as against INR 901 cr in 9 Months last year) Q3 EBITDA at INR 58.1 cr up 79 percent from INR 32.43 cr last year. On 9 months basis EBITDA at INR 306.5 Crores up 196 percent from last year of INR 103.7 crore.
- Q3 PAT at INR 30.61 up 101 percent from INR 15.23 cr last year. 9 Months PAT at INR 200.6 cr up 202.2 percent from last year of INR 66.4 cr.
Commenting on the performance for the quarter and period ending December 2022 Vimal Alawadhi, Managing Director, Best Agrolife Ltd. (BAL) said, "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.