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Best Agrolife Ltd. Posts Excellent Q1 Results; Revenue Jumps 77%, Profits Zoom 300% | ||
New Delhi, Delhi, India
BSE listed Best Agrolife Ltd., a leading global player in agrochemicals sector and one of India’s largest manufacturers of agro-inputs, has announced excellent results for the quarter ended 30 June, 2020. The company has in place in its long term financial priorities which has a three dimensional approach wherein the focus areas are - capital allocation, earning and growth. Vimal Kumar, Managing Director, Best Agrolife Ltd.
With regards to Earnings, Vimal Kumar, Managing Director, Best Agrolife Ltd. said, “We have defined our objectives clearly and the company will work towards achieving the same wherein the primary focus is to accomplish sustainable EPS growth. This will be supported by incremental earnings across economic cycles. Also, we are anticipating a significant increase in ROCE and ROE which will be driven by our various initiatives.” In terms of ROCE and ROE, the project targets are 32.78% and 24% respectively in FY22. Notably, as per projections, there is a significant increase in EPS (basic) to 30.44 and compared to 7.24 in FY20.
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