The shares of Agro stock, specialized in the production of high-quality hybrid seeds, jumped 16 percent upon declaring Q3 results and generating profit with a 335 percent rise and Total income with a 339 percent rise Quater on Quater (QoQ)
Price action
With a market capitalization of Rs. 1,492.31 crores on Monday, the shares of Bombay Super Hybrid Seeds Limited are up by 10 percent making a high of Rs. 164.99 per share compared to its previous closing price of Rs. 142.21 per share.
What Happened
Bombay Super Hybrid Seeds Limited specializing in the production of high-quality hybrid seeds has announced its Q3FY25 results
Its Total income grew by 68 percent YoY from Rs. 76.48 Crores in Q3FY24 to Rs. 128.59 Crores in Q3FY25 and it grew by 339 percent QoQ from Rs. 29.28 Crores in Q2FY25 to Rs. 128.59 Crores in Q3FY25.
Its Net Profit rose 31 percent YoY from Rs. 6.88 Crores in Q3FY24 to Rs. 9 Crores in Q3FY25 and it rose by 335 percent QoQ from Rs. 2.07 Crores in Q2FY25 to Rs. 9 Crores in Q3FY25.
The earnings per share (EPS) for the quarter stood at Rs. 0.85, compared to Rs. 0.19 in the previous quarter and Rs. 0.66 in the same quarter last year.
About the Company
Bombay Super Hybrid Seeds Limited is an Indian company specializing in the research, development, and production of high-quality hybrid seeds. The company offers a wide range of seeds for crops including vegetables, grains, and fruits, with a strong focus on improving crop yields and quality
Future Projects
Bombay Super Hybrid Seeds Limited plans to invest Rs. 1 Crore in research and development to expand its activities on various projects. These include improving hot pepper varieties for diabetes management, developing high-iron and disease-resistant pearl millet and groundnut varieties with ICRISAT, and enhancing corn hybrids in collaboration with CIMMYT, many more.
Revenue Segmentation (H1FY24)
In H1FY24, the company’s Revenue contributed from various products where groundnut consists of 54.7 percent, Gram consists of 11.88 percent, Wheat 4.88 percent, Soybean 5.16 percent, cumin 6.89 percent, and other agri products contributed 16.49 percent.
Written by Sridhar J
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