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Madhya Bharat Agro Products Q4 FY24 Standalone Net Profit Dips 94.31%

May 13, 2024

By: BlinkX Research Team

Madhya Bharat Agro Products’ standalone net profit plummeted 94.31% to 1.38 crore rupees for the quarter ended March 2024 compared to 24.27 crore rupees in the corresponding quarter previous year. 

Key Takeaways from Madhya Bharat Agro Products Performance: 

• Standalone net profit fell 94.31% to 1.38 crore rupees in Q4 FY 24.
• Revenue from operations declined 37.70% to 145.68 crore rupees in the fourth quarter.

The company’s revenue from operations stood at 145.68 crore rupees plunging 37.70% in the quarter ending March 2024 as against 233.83 crore rupees during the previous quarter ending March 2023.

Sequentially, the full-year net profit dipped 80% to 24.84 crore rupees in the fourth quarter financial year 2024 compared to 124.20 crore rupees during the corresponding year ended March 2023. 

Further, sales declined 16.81% to 816.95 crore rupees in the year ended March 2024 against 982.05 crore rupees during the previous year ended March 2023.

About Madhya Bharat Agro Products:

Madhya Bharat Agro Products Limited (MBAPL) established in 1997, is a leader in the production of Beneficiated Rock Phosphate (BRP), single super phosphate, potash, prom for agricultural purposes, Sulphuric acid and other important chemicals. The agro-product company has a production capacity of 60,000 and has achieved wonders in helping the agriculture sector to flourish and reduce foreign dependency.  It has always committed to achieving the status of becoming a self-sustainable unit and has been able to progress excellently towards our goal under the diligent leadership of our promoters.

Read More About Madhya Bharat Agro Products Share Price Here!