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ATM News Network: Best Agrolife Limited, India's leading agricultural chemical company, announced its financial results for the third quarter of the financial year 2023 in the board meeting. The company reported a significant increase in revenue for the quarter ended December 31, 2022 and for the last 9 months.
The company's revenue has grown 41 percent year-on-year to Rs 327.8 crore from Rs 232.5 crore in the third quarter of FY22. In the 9th month of last year, the company's revenue has increased by 65.5 percent to Rs 1492 crore as compared to Rs 901 crore.
Commenting on the performance for the quarter and period ended December 2022, Best Agrolife Ltd. Vimal Alavadhi, Managing Director, said, we are happy to say that despite a lean season, BAL has managed to maintain consistency in performance. During this period the company has shown positive growth in all business segments. We are fully focused on our global export expansion. The company is gearing up for this and we will grow further in the next financial year after introducing new and exclusive patented products like Ronfen and products from various other segments.
BAL's technological indigenous products Cyhalofop-Butyl and Propaquizefop have recently been registered. BAL is a research based company, focused on introducing world-class and cost-effective crop solutions to the agricultural industry to improve crop productivity.
(Except for the headline, this story has not been edited by ATM staff and is published from a web feed.)
(Source: Agropages.com)
