Basant Agro Tech Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2023
May 30, 2023 at 07:24 pm IST
Share
Basant Agro Tech (India) Limited reported earnings results for the fourth quarter and full year ended March 31, 2023. For the fourth quarter, the company reported sales was INR 1,317.62 million compared to INR 1,420.99 million a year ago. Revenue was INR 1,319.81 million compared to INR 1,421.35 million a year ago. Net income was INR 58.76 million compared to INR 78.01 million a year ago. Basic earnings per share from continuing operations was INR 0.65 compared to INR 0.86 a year ago. Diluted earnings per share from continuing operations was INR 0.65 compared to INR 0.86 a year ago.
For the full year, sales was INR 5,492.6 million compared to INR 4,481.56 million a year ago. Revenue was INR 5,501.93 million compared to INR 4,483.35 million a year ago. Net income was INR 183.85 million compared to INR 189.94 million a year ago. Basic earnings per share from continuing operations was INR 2.02 compared to INR 2.09 a year ago. Diluted earnings per share from continuing operations was INR 2.02 compared to INR 2.09 a year ago.
Basant Agro Tech (India) Limited is an India-based company, which is engaged in manufacturing of various farm inputs in India comprising of nitrogen phosphorus and potassium (NPK) mixture granulated fertilizers, phosphatic fertilizer as well as various hybrid seeds. It also engaged in business of generating power through Wind Turbine and operating and maintaining warehousing and cold storage facilities. The Company's segment includes Seeds, Fertilizers, LABSA and Others. Its Fertilizers segment includes NPK fertilizers and single super phosphate (SSP) fertilizers. Its Seeds segment offers seeds for vegetables, such as bitter gourd, bottle gourd, brinjal, cluster bean, coriander, cowpea and more; field crops, such as hybrid maize, black and green grams, paddy, wheat, hybrid sorghum and more; and oil seeds, such as mustard, hybrid cotton, ground nut, soybean and sunflower. The Companyâs production facilities are located in different states like Maharashtra, Karnataka, and Madhya Pradesh.