Best Agrolife Ltd's Q3FY25 Quarter Results
- 15 Feb 2025
Result Summary
- Best Agrolife Ltd reported a 63.3% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a decline of 13.0%.
- Its expenses for the quarter were down by 51.0% QoQ and 4.6% YoY.
- The net profit decreased 125.5% QoQ and increased 265.5% YoY.
- The earnings per share (EPS) of Best Agrolife Ltd declined at 10.2 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 274.06 | 747.62 | 315.18 | -63.3% | -13.0% |
Total Expenses | 306.92 | 626.38 | 321.57 | -51.0% | -4.6% |
Profit Before Tax | -32.86 | 121.24 | -6.39 | -127.1% | 414.2% |
Tax | -8.70 | 26.59 | 0.22 | -132.7% | -4054.5% |
Profit After Tax | -24.16 | 94.66 | -6.61 | -125.5% | 265.5% |
Earnings Per Share | -10.20 | 40.00 | -2.80 | -125.5% | 264.3% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Best Agrolife Ltd is a company that operates in the agricultural sector. It focuses on producing and providing agrochemical products, including pesticides, herbicides, insecticides, and fungicides. These products are primarily used to support agricultural activities by protecting crops and enhancing yields. Best Agrolife Ltd operates in a competitive industry that is influenced by various factors, including seasonal demand, climatic conditions, and regulatory frameworks. As of the most recent data, there is no specific information regarding any significant recent developments or strategic changes within the company.
Revenue
In the third quarter of fiscal year 2025 (Q3FY25), Best Agrolife Ltd reported a total income of ₹274.06 crore. This represents a substantial quarter-over-quarter (QoQ) decrease of 63.3% compared to ₹747.62 crore in Q2FY25. Year-over-year (YoY), there is a decline of 13.0% from ₹315.18 crore in Q3FY24. The significant QoQ decline in revenue suggests a notable shift in the company's performance within the quarter, whereas the YoY decrease indicates a broader trend over the year. These changes in total income can be attributed to various factors, but specific drivers are not detailed in the financial data provided.
Profitability
In terms of profitability, Best Agrolife Ltd experienced a loss in Q3FY25. The profit before tax was reported at -₹32.86 crore, a decline from a profit of ₹121.24 crore in Q2FY25, reflecting a 127.1% QoQ decrease. Compared to Q3FY24, when the company recorded a loss of ₹6.39 crore, there is a YoY increase in losses of 414.2%. The tax expense for Q3FY25 was -₹8.70 crore, a significant shift from the tax paid in Q2FY25 of ₹26.59 crore, and from ₹0.22 crore in Q3FY24. Consequently, the profit after tax stood at -₹24.16 crore in Q3FY25, showing a QoQ decrease of 125.5% from a profit of ₹94.66 crore in Q2FY25, and a YoY increase in losses of 265.5% from -₹6.61 crore in Q3FY24. Earnings per share similarly decreased to -₹10.20 in Q3FY25 from ₹40.00 in Q2FY25, and from -₹2.80 in Q3FY24, indicating a decline in shareholder value during this quarter.
Operating Metrics
The company's total expenses in Q3FY25 were ₹306.92 crore, which is a 51.0% decrease QoQ from ₹626.38 crore in Q2FY25. Compared to the same quarter in the previous year (Q3FY24), total expenses decreased by 4.6% from ₹321.57 crore. This reduction in expenses did not offset the decrease in total income, contributing to the overall loss for the quarter. The data provided does not include detailed operating metrics such as production volumes or sales figures, which could further elucidate the company's operational efficiency or market conditions impacting performance.
