Nath Bio-Genes Ltd. Announces Unaudited Standalone Earnings Results for the Third Quarter and Nine Months Ended December 31, 2015
January 30, 2016 at 02:59 pm IST
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Nath Bio-Genes (India) Ltd. announced unaudited standalone earnings results for the third quarter and nine months ended December 31, 2015. For the quarter, the company announced net sales or income from operations of INR 233.171 million compared to INR 263.322 million a year ago. Profit from operations before other income was INR 21.608 million compared to INR 12.148 million a year ago. Profit before tax was INR 7.766 million compared to INR 5.746 million a year ago. Net profit after associates was INR 5.785 million or INR 0.36 per basic and diluted share compared to net profit of INR 5.653 million or INR 0.35 per basic and diluted share a year ago.
For the nine months, the company announced net sales or income from operations of INR 1,338.126 million compared to INR 1,758.652 million a year ago. Profit from operations before other income was INR 233.034 million compared to INR 602.368 million a year ago. Profit before tax was INR 179.719 million compared to INR 569.162 million a year ago. Net profit after associates was INR 177.565 million or INR 11.10 per basic and diluted share compared to INR 569.065 million or INR 35.56 per basic and diluted share a year ago.
Nath Bio-Genes (India) Limited is an India-based formidable seed company, which is focused on developing and supplying BT, hybrid, and varietal seeds to farmers. The Company is engaged in the Seed Cultivation segment. The Companyâs products categories include oilseeds and fiber, field crops, vegetables, and plant nutrition. Its fiber and oils seeds include cotton and mustard. The Company's vegetable crop range includes chili, okra, tomato, bottle gourd, bitter gourd, cucumber, coriander, pumpkin, tinda and others. Its field corps include corn, jowar, hybrid paddy, research paddy and wheat. Its plant nutrition products include WINPro GOLii, WINall and Win Chin Win. The Companyâs forage products include NUTRIMAX and NUTRIMAX GOLD. The Company has seed processing facilities processing plants located in Maharashtra, Telangana, and Andhra Pradesh. The Company also has processing arrangements in Gujarat, Karnataka, Tamil Nadu, Madhya Pradesh, and Rajasthan on custom basis.