The company posted 16 per cent increase in its revenue from operations to Rs 811 crore
Best Agrolife has reported a 27 per cent decline in its consolidated net profit to Rs 95 crore in Q3 FY 24. The company posted 16 per cent increase in its revenue from operations to Rs 811 crore during the July-September period of this fiscal year from Rs 700 crore in the corresponding period of the previous year, the company said in a statement.
''Despite the challenging external environment, we have maintained a strong growth trajectory, with revenue from operations surging by 32 per cent sequentially to reach Rs 811 crore,'' Vimal Kumar, Managing Director of Best Agrolife Ltd, said.
The company's profit margins remain resilient, driven by an improved product mix, he said.
''The consistent demand for our products has shielded us from pricing pressures that generic agrochemicals are grappling with,'' Kumar added.
Notwithstanding the industry's anticipated challenges in the forthcoming quarters, he said, the company's differentiated product portfolio would help in meeting the guidance of achieving close to 25-30 per cent growth.
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