Nirman Agri Genetics Q1 Results Revenue Reaches ₹5,035.39 Lakh, Profit Before Tax at ₹523.08 Lakhs

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:

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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%.

Quarterly Results

Here is a summary of Nirman Agri Genetics's quarterly results:

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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