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BAL Reports Strong Results for FY 2021-22; Net Profit Grow More Than 2.82 Times, 104.76 Cr; Consolidated Q4 Revenue at ₹ 309.35 Cr & PAT at ₹38.16Cr

The fastest-growing agrochemical company in India has reported robust financial results for the fourth quarter ended March 31, 2022, and for the full financial year 2021-22.

Binita Kumari
Vimal Alawadhi, Director
Vimal Alawadhi, Director

Best Agrolife Ltd, the leading provider of sustainable agriculture products and solutions in India and abroad, declared its financial results for Q4FY22 on Monday 23 May 2022 in its Board of Directors meeting. The fastest-growing agrochemical company in India has reported robust financial results for the fourth quarter ended March 31, 2022, and for the full financial year 2021-22.

Commenting on the results, Managing Director of Best Agrolife Ltd (BAL), Vimal Alawadhi said, “FY 2021-22 proved to be a year with ‘Midas Touch’ for us as all our efforts turned into success stories. Our performance this year, boosts our confidence and confirms that we are on track to achieve our strategic and financial objectives. Other than grabbing the registration for the indigenous manufacturing of several crucial technicals and pesticides we also bagged two major patents namely Ronfen and Shot Down. We registered remarkable income growth this year, and we closed it with good business momentum. We also started operations in our subsidiary Seedlings India Pvt Ltd plant and our acquired J&K-based unit Agrico which will definitely push the formulation segment and increase the brand business significantly. Overall, the company is in a strong position to utilize the future opportunities and is looking forward to exploring the markets outside India to expand our global footprints.”

“The company expects this trend to continue in FY2023. Our R&D team is coming up with several innovative and niche chemistry-led products in the coming year thus creating an extremely strong pipeline of business. Our newly launched high-precision products namely Ronfen, Warden, Reveal, Tombo, and Axeman will not only act as real differentiators from conventional crop solutions for farmers but create value for all our stakeholders by increasing the revenue significantly. With our focus on niche products, we are targeting a growth of around 30% and an EBITA of more than 20% in the coming year,” Vimal Alawadhi added further.

Consolidated Key Highlights- FY 22:

  • The company recorded revenue of 1210.79 Crores in FY22, a growth of 33.7% as against 905.45 Crores in FY21

  • EBITDA at 165.81 Crores grew significantly by 224% as against 51.18 Crores in FY21; EBITDA margin for FY22 was at 13.69% concerning

  • 5.65 % in FY21

  • Profit Before Tax was at 140.66 Crores, a growth of 177% YoY over

  • 50.79 Crores reported in the previous year FY 21

  • Profit After Tax also registered a robust growth of 182.6% YoY at

  • 104.76 Crores in comparison to 37.08 Crores reported in FY21 Consolidated Key Highlights-Q4 FY 22

  • The company recorded revenue of 309.35 Crores for the quarter ended 31 March 2022, a growth of 48.6 % YoY as against 208.13 Crores in Q4 FY21

  • EBITDA at 62.1 Crores grew significantly by 68.1% YoY as against

  • 36.95 Crores in Q4 FY21; EBITDA margin for the quarter was at 20.07%.

  • Profit Before Tax was at 49.33 Crores, a growth of 42.4 % YoY over

  • 34.65 Crores reported in the corresponding quarter previous year

  • Profit After Tax also registered a robust growth of 51 % YoY at 38.16 Crores in comparison to 25.28 Crores reported in Q4 FY21

  • Based on its financial results, the company has proposed to pay a dividend of 20% per share to its shareholders for 2021-22.

About Best Agrolife Ltd:

Listed among the top 15 agrochemical companies in India, BAL has more than 84 products, 80+ technical manufacturing licenses, above 360+ formulation licenses, 30,000+ MPTA manufacturing formulation capacity, and 7000+ MTPA integrated state-of-the-art technical plants. As a research-based organization, BAL is known for bringing in world-class but cost-effective one-shot farm solutions in the form of novel agrochemical formulations.

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