Investor Presentaiton
Globe
Q2FY24 Highlights
Mr. Vimal Kumar
MANAGING DIRECTOR
Revenue
Best Agrolife Limited
"Despite the challenging external environment, we have maintained a strong growth trajectory, with revenue from
operations surging by 32% sequentially to reach Rs. 811 crores. This remarkable growth can be attributed to the success of
our flagship products, including Ronfen, Tricolor, CTPR, Propique, Amito, and others. Notably, the second quarter is a pivotal
season for Ronfen, and robust interest from farmers is contributing significantly to our growth. Our profit margins remain
relatively resilient, driven by an improved product mix. The consistent demand for our products has shielded us from pricing
pressures that generic agrochemicals are grappling with.
I am also pleased at the ground-breaking achievement by our subsidiary, Seedlings India, which has been granted a 20-year
patent for a revolutionary Synergistic Pesticidal Composition. This composition incorporates two insecticides and a fungicide,
offering innovative solutions to the challenges faced in rice cultivation. We have additionally secured a vital 20-year patent
for a revolutionary herbicidal composition that promises to enhance rice crop yields. This one-shot herbicide, set to launch in
the next Kharif season under the brand name 'Orisulam,' will further bolster our herbicide portfolio. During this quarter, we
introduced our patented product, Tricolor, which has garnered a very encouraging response from the farming community.
Notwithstanding the industry's anticipated challenges in the forthcoming quarters, our differentiated product portfolio instils
confidence in our ability to drive growth with improvised EBITDA for FY24."
EBITDA
PAT
ROCE
Rs. 811 cr
Rs. 144 cr
Rs. 95 cr
18%
Q2 FY24
16% YoY
18%
12%
32% QoQ
EBITDA Margin
-21% YoY
300 bps
PAT Margin
-27% YoY 300 bpsView entire presentation