Crop Protection

Best Agrolife registers sharp growth in Q3F23 Results; Revenue is up by 41% and PAT by 101%

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28 January 2023, New Delhi: Best Agrolife Ltd. 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 as of 31st Dec 2022.

Consolidated Key Highlights-Q3 & 9 Months ending FY23

– The company recorded revenue of Rs. 327.8 crores, a YoY growth of 41% as against Rs. 232.5 crores in Q3 FY22. On 9 monthly basis revenue grew 65.5% ( Rs. 1492 cr as against Rs. 901 cr in 9 Months last year) Q3 EBITDA at Rs. 58.1 cr up 79% from Rs. 32.43 cr last year. On 9 monthly basis EBITDA is at Rs. 306.5 Crores up 196% from last year of Rs. 103.7 crore

– Q3 PAT at Rs. 30.61 up 101 % from Rs. 15.23 cr last year. 9 Months PAT at Rs. 200.6 cr up 202.2% 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.”

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

Also Read: Millets & Organics -2023: Three-day International Trade Fair starts at Thripuravasini, Bengaluru

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