Cropster Agro Ltd Q1 Results Total Income ₹4,049.70 Million & Net Profit ₹288.98 Million

Cropster Agro Q1 Results

Cropster Agro Q1 Results: In the quarter ending June 30, 2024, Cropster Agro earned 4,049.70 million from its operations and had additional income of 7.11 million. This gives a total income of 4,049.70 million. The company spent 3,749.66 million on various expenses like materials, labor, and other costs. This included costs of 3,916.34 million for materials and 176.94 million in changes to inventory. They had other expenses and a small amount for depreciation and finance costs.

After covering all expenses, the Cropster Agro made a profit of 300.04 million before tax. With a tax expense of 11.06 million, the final profit for the quarter was 288.98 million. This is lower than the 517.43 million profit from the previous quarter but higher than the loss of 4.39 million in the same quarter last year. For the full year ending March 31, 2024, the company made a total profit of 1,108.18 million. The earnings per share were 1.16 for the latest quarter, compared to 2.07 in the previous quarter and 4.43 for the year.

Here is a simple summary of the financial results:

(Rs. in Lakhs)

Cropster Agro Financial Metrics 

Cropster Agro’s market cap is ₹812 crore, meaning it's valued at this amount in the stock market. The current stock price is ₹325. The highest price it reached was ₹944, and the lowest was ₹130. The Price-to-Earnings (P/E) ratio is 60.3, indicating how much investors are willing to pay for each unit of earnings. 

Here’s a summary of the financial details:

Quarterly Results 

Cropster Agro saw increasing sales from ₹17.61 crores in December 2023 to ₹40.50 crores in June 2024. However, expenses also grew, rising from ₹12.57 crores to ₹37.50 crores. Despite higher expenses, the operating profit peaked at ₹5.11 crores in March 2024 but dropped to ₹3.00 crores by June 2024. 

Here’s the table for the specified quarters (Dec 2023, Mar 2024, Jun 2024) with all relevant details:

About Cropster Agro

Cropster Agro is a company that provides advanced technology for the coffee industry. Their main goal is to help coffee producers improve the quality and efficiency of their operations. They offer tools that assist with various stages of coffee production, from planning and quality control to traceability and resource management. Cropster Agro’s technology is designed to make these processes easier and more effective for coffee professionals worldwide.

Cropster Agro believes in creating a fairer and more sustainable coffee industry. They aim to provide affordable technology that helps everyone involved in coffee production, from farmers to roasters, ensuring a better experience for both the producers and consumers. By using their technology, coffee businesses can achieve greater consistency and quality in their products, while also contributing to a more responsible and eco-friendly industry.

Cropster Agro values a diverse team, with employees from over 30 different nationalities, and offers a supportive work environment. They provide benefits such as flexible working hours, modern equipment, and opportunities for professional development. Additionally, employees enjoy perks like specialty coffee, the chance to work abroad, and support for volunteer work. Overall, Cropster Agro is committed to making positive changes in the coffee world through innovative technology and a strong company culture.