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- Nirman Agri Genetics Q1 Results Revenue Reaches ₹5,035.39 Lakh, Profit Before Tax at ₹523.08 Lakhs
Nirman Agri Genetics Q1 Results Revenue Reaches ₹5,035.39 Lakh, Profit Before Tax at ₹523.08 Lakhs
Nirman Agri Genetics Q1 Results showed a 146.88% YoY increase in revenue, reaching ₹5,035.39 lakh, while Nirman Agri Genetics Q1 Results also reported a 50.80% YoY rise in profit before tax to ₹523.08 lakh.
by P Nandhini
Updated Sep 13, 2024
Table of Content
Nirman Agri Genetics Q1 Results 2024 - 2025: Nirman Agri Genetics reported their Q1 results for 2024 on August 14, 2024. The company revealed a strong performance with a significant increase in revenue.
Their revenue from operations for the quarter ended June 30, 2024, reached ₹5,035.39 lakh, up 146.88% year-over-year (YoY) compared to ₹2,046.00 lakh in the same quarter last year. This impressive growth reflects the company’s successful expansion and improved market conditions.
In terms of profitability, Nirman Agri Genetics saw a 50.80% increase in profit before tax (PBT), which rose to ₹523.08 lakh from ₹343.87 lakh in Q1 2023. The company’s earnings per share (EPS) also improved, with a YoY increase of 50.89%, reaching ₹8.45 compared to ₹5.60 last year.
This positive trend demonstrates the effectiveness of their strategic initiatives and the strong performance of their hybrid seeds and related products.
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Nirman Agri Genetics Q1 Results 2024 - 2025
Here’s a summary of Nirman Agri Genetics’ financial performance for Q1 2024:
| Particulars | Q1 2024 (Unaudited) | Q1 2023 (Unaudited) |
|---|---|---|
| Revenue from Operations | ₹5,035.39 lakh | ₹2,046.00 lakh |
| Other Income | ₹0.00 | ₹0.00 |
| Total Income | ₹5,035.39 lakh | ₹2,046.00 lakh |
| Cost of Materials Consumed | ₹4,411.46 lakh | ₹1,620.69 lakh |
| Employee Benefit Expenses | ₹40.66 lakh | ₹36.17 lakh |
| Finance Costs | ₹0.50 lakh | ₹0.73 lakh |
| Depreciation and Amortization | ₹4.14 lakh | ₹17.62 lakh |
| Other Expenses | ₹55.54 lakh | ₹26.92 lakh |
| Profit Before Tax (PBT) | ₹523.08 lakh | ₹343.87 lakh |
| Earnings Per Share (EPS) | ₹8.45 | ₹5.60 |
Source: Click Here
Nirman Agri Genetics Current Market Overview
Nirman Agri Genetics is currently trading at ₹423 per share, reflecting a 5.00% increase. The company's market capitalization stands at ₹339 crore. The stock has reached a high of ₹484 and a low of ₹147 over its trading period.
It has a price-to-earnings (P/E) ratio of 24.9, a book value of ₹46.7 per share, and a return on capital employed (ROCE) of 33.2%. The return on equity (ROE) is 32.4%, and the face value of the shares is ₹10. The dividend yield is currently 0.00%.
| Metric | Value |
|---|---|
| Current Price | ₹423 |
| Market Cap | ₹339 Cr. |
| High / Low | ₹484 / ₹147 |
| Stock P/E | 24.9 |
| Book Value | ₹46.7 |
| Dividend Yield | 0.00% |
| ROCE | 33.2% |
| ROE | 32.4% |
| Face Value | ₹10.0 |
Quarterly Results
Here is a summary of Nirman Agri Genetics's quarterly results:
| Quarter | Dec 2023 | Mar 2024 | Jun 2024 |
|---|---|---|---|
| Sales (₹ Cr.) | 18.89 | 20.46 | 50.35 |
| Expenses (₹ Cr.) | 15.68 | 16.84 | 45.07 |
| Operating Profit (₹ Cr.) | 3.21 | 3.62 | 5.28 |
| Operating Profit Margin (OPM %) | 16.99% | 17.69% | 10.49% |
| Other Income (₹ Cr.) | 0.00 | 0.00 | 0.00 |
| Interest (₹ Cr.) | 0.01 | 0.01 | 0.01 |
| Depreciation (₹ Cr.) | 0.05 | 0.18 | 0.04 |
| Profit Before Tax (₹ Cr.) | 3.15 | 3.43 | 5.23 |
| Tax Rate (%) | 0.32% | 2.92% | 3.82% |
| Net Profit (₹ Cr.) | 3.14 | 3.34 | 5.04 |
| EPS (₹) | 3.92 | 4.18 | 6.30 |
About Nirman Agri Genetics
Nirman Agri Genetics is a leading company in India specializing in the production and marketing of high-quality hybrid seeds, pesticides, and bio-organic products. Founded with a focus on improving crop yields, the company offers seeds for a variety of crops, including corn, sunflower, cotton, and paddy.
They also produce non-hybrid seeds and have recently expanded into micronutrients and bioproducts. With over four years of experience and research facilities in Maharashtra, Gujarat, and Madhya Pradesh, Nirman Agri Genetics is dedicated to developing seeds with superior traits like drought tolerance and resistance to pests and diseases.
Their goal is to provide farmers with effective crop solutions and enhance agricultural productivity.
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Nirman Agri Genetics Q1 Results - FAQs
1. What is Nirman Agri Genetics' revenue for Q1 2024?
Nirman Agri Genetics' revenue for Q1 2024 is ₹5,035.39 lakh.
2. What was Nirman Agri Genetics' revenue for Q1 2023?
Nirman Agri Genetics' revenue for Q1 2023 was ₹2,046.00 lakh.
3. How much did Nirman Agri Genetics' profit before tax (PBT) increase in Q1 2024?
Nirman Agri Genetics' profit before tax (PBT) increased to ₹523.08 lakh in Q1 2024.
4. What was Nirman Agri Genetics' profit before tax (PBT) in Q1 2023?
Nirman Agri Genetics' profit before tax (PBT) in Q1 2023 was ₹343.87 lakh.
5. What is Nirman Agri Genetics' earnings per share (EPS) for Q1 2024?
Nirman Agri Genetics' earnings per share (EPS) for Q1 2024 is ₹8.45.
6. What was Nirman Agri Genetics' EPS in Q1 2023?
Nirman Agri Genetics' EPS in Q1 2023 was ₹5.60.
7. How much did Nirman Agri Genetics spend on materials in Q1 2024?
Nirman Agri Genetics spent ₹4,411.46 lakh on materials in Q1 2024.
8. What were Nirman Agri Genetics' employee benefit expenses in Q1 2024?
Nirman Agri Genetics' employee benefit expenses in Q1 2024 were ₹40.66 lakh.
9. What were Nirman Agri Genetics' other expenses in Q1 2024?
Nirman Agri Genetics' other expenses in Q1 2024 were ₹55.54 lakh.
10. What is Nirman Agri Genetics' total income for Q1 2024?
Nirman Agri Genetics' total income for Q1 2024 is ₹5,035.39 lakh.