Spright Agro Q1 Results Total Revenue ₹528.73 crores & Net Profit ₹11.62 crores

Spright Agro Q1 Results

Spright Agro Q1 Results: Spright Agro has provided a detailed overview of its financial performance. For the recent quarter, the company generated revenue of ₹528,730, which was significantly higher compared to previous quarters. They also earned an additional ₹11,860 from other sources, making the total income ₹529,636. Their main expenses included purchasing stock, which cost ₹343,876, and other expenses like employee salaries and depreciation, totaling ₹6,257. After accounting for all these costs, the company made a profit before taxes of ₹670,560.

Spright Agro did not have any extraordinary items affecting their results. After subtracting taxes, which amounted to ₹555,000 for current taxes and ₹0 for deferred taxes, the final profit was ₹116,214. This was a considerable increase compared to earlier periods. The company’s total comprehensive income, which includes other income items, was ₹205,700.

Spright Agro’s equity share capital remained stable at ₹502,260, and each share earned a profit of ₹0.12 from continuing operations. The financial results reflect a strong performance for the quarter with a significant profit increase.

Here is a simplified version of the financial results for Tine Agro (formerly known as):

(Rs. in Lakhs except the shares)

Source: Here 

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Spright Agro Financial Metrics

The table provides key financial details about Spright Agro. The company's market cap, which is the total value of its shares, is ₹1,233 Crore. The current price of one share is ₹23. The highest price the stock has reached is ₹89.3, and the lowest is ₹2.03. The stock's price-to-earnings (P/E) ratio is 69.6, showing how much investors are willing to pay for each unit of earnings. 

Here's a summary of the stock information based on the details you provided:

Quarterly Results 

For Spright Agro, the financial data for Dec 2023, Mar 2024, and Jun 2024 shows significant growth and fluctuations. In Dec 2023, the company achieved sales of ₹22.68 crores and a net profit of ₹5.50 crores. By Mar 2024, sales jumped to ₹43.76 crores, with net profit increasing to ₹5.78 crores. However, by Jun 2024, sales continued to rise to ₹52.88 crores, and net profit further grew to ₹6.25 crores. Despite higher expenses, operating profit remained strong, but the operating profit margin (OPM %) decreased over these periods. 

Here's the financial data for Dec 2023, Mar 2024, and Jun 2024:

(Figures in Rs. Crores)

About Spright Agro  

Spright Agro is a leading company in food and agriculture, founded in 1994. We have grown from small beginnings into a global leader by focusing on quality and sustainability. Our goal is to improve food production and distribution while being responsible to the environment and communities. We use the latest technology and methods to ensure our farms and facilities are productive and efficient. 

Spright Agro services include contract farming, greenhouse technology, modern farming techniques like aeroponics and hydroponics, organic farming, cold storage, and more. We also sell directly to consumers and export our products. We are committed to making a positive impact through our partnerships and community efforts. Our team’s dedication and expertise help us work towards a sustainable and healthy future for everyone.