13 Dec 2019 | 7:29 PM

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Best Agrolife Q2 net profit zooms 600.00% at Rs 0.42 cr
  Best Agrolife Ltd. | 13 Dec 2019 | 04:01 PM
Published on 11-12-2019
The company reported standalone net profit of Rs 0.42 crore for the quarter ended September 30 2019 as compared to Rs 0.06 crore in the same period last year registering a year-on-year growth of 600.00 per cent.


Net revenue of the company declined moderately by 15.72 per cent at Rs 23.32 crore in July-September quarter of this fiscal as against Rs 27.67 crore in the corresponding period last year.


During July-September quarter operating expenses dropped by 25.86 per cent to Rs 23.22 crore from Rs 31.32 crore in year ago period.


Other Income dipped by 71.96 per cent at Rs 1.13 crore versus (Sep`18 Rs 4.03 crore).


Operating Profit surged by 102.74 per cent to Rs 0.10 crore as against Rs -3.65 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 103.26 per cent in September quarter.


Interest grew by 113.79 per cent y-o-y to Rs 0.62 crore while Taxation increased by 750.00 per cent at Rs 0.17 crore (Sep`18 Rs 0.02 crore).