Best Agrolife Reports Improved Profitability in Q1 Despite Revenue Dip; Confirms Proper Fund Utilization 1 day ago
Best Agrolife, a leading Indian agrochemical company, reported Q1 financial results with improved profitability despite a 27% YoY revenue decrease to ₹381.00 crore. Gross margin improved to 29%, EBITDA margin rose to 12%, and PAT remained steady at ₹20.00 crore. The company attributed the revenue decline to lower pre-season placements and delayed monsoons. Operational highlights include reduced sales returns and operating expenses. Best Agrolife received new product registrations and patents, expanding its portfolio. The company also provided an update on fund utilization from a recent Preferential Issue of Convertible Warrants, with no deviations reported.
Best Agrolife Reports Mixed Q1 Results: Revenue Dips, Margins Improve 1 day ago