Basant Agro Tech Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023
February 12, 2024 at 06:58 pm IST
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Basant Agro Tech (India) Limited reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was INR 729.7 million compared to INR 1,005.6 million a year ago. Revenue was INR 735.91 million compared to INR 1,009.06 million a year ago. Net loss was INR 10.79 million compared to net income of INR 26.19 million a year ago. Basic loss per share from continuing operations was INR 0.12 compared to basic earnings per share from continuing operations of INR 0.29 a year ago. Diluted loss per share from continuing operations was INR 0.12 compared to diluted earnings per share from continuing operations of INR 0.29 a year ago.
For the nine months, sales was INR 3,054.49 million compared to INR 4,174.99 million a year ago. Revenue was INR 3,061.75 million compared to INR 4,182.12 million a year ago. Net loss was INR 27.81 million compared to net income of INR 111.91 million a year ago. Basic loss per share from continuing operations was INR 0.31 compared to basic earnings per share from continuing operations of INR 1.24 a year ago. Diluted loss per share from continuing operations was INR 0.31 compared to diluted earnings per share from continuing operations of INR 1.24 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.