Latest News | Best Agrolife Net Profit Jumps to Rs 90.5 Cr in Jun Qtr

New Delhi, Jul 31 (PTI) Agro chemical firm Best Agrolife Ltd on Monday reported an over two-fold jump in its consolidated net profit at Rs 90.5 crore for the June quarter of the current fiscal.

Its net profit stood at Rs 40.12 crore in the year-ago period.

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Total income rose to Rs 616.75 crore in the April-June period of 2023-24 fiscal from Rs 464.07 crore in the corresponding period a year ago, according to a regulatory filing.

Vimal Kumar, Managing Director of Best Agrolife Ltd, said the company has achieved remarkable growth momentum, with revenue from operations growing by 32 per cent despite the headwinds that the agrochemicals industry has been facing.

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"Additionally, our EBITDA margins of 21 per cent can be attributed to the increasing contribution of speciality, niche, and patented products to our overall revenue," he said.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)