Best Agrolife (539660) Q4 14/15 earnings summary

Executive summary

• FY15 net profit after tax was ₹3.17 lakh versus ₹1.71 lakh in FY14; total revenue was ₹14.37 lakh versus ₹13.92 lakh.

• A complete board and management change took place during FY15; members were asked to approve several director appointments and the Managing Director appointment.

Financial highlights

• Total revenue was ₹14.37 lakh in FY15 versus ₹13.92 lakh in FY14; operating revenue was ₹6.80 lakh versus ₹6.99 lakh.

• Profit before tax was ₹4.52 lakh versus ₹2.86 lakh; net profit after tax was ₹3.17 lakh versus ₹1.71 lakh.

• Gross expenditure was ₹9.83 lakh versus ₹10.20 lakh; depreciation was ₹212 versus ₹86,351.

• The financial results table reports basic and diluted EPS of ₹0.10 for FY15 and ₹0.05 for FY14, while the P&L and EPS note report ₹0.08 and ₹0.04.

Outlook and guidance

• Management expected turnover to rise to ₹5 crore under the Managing Director’s guidance.

• The stated plan was to pursue asset-light models and exit capital-intensive models to release cash and improve returns.

• Karan Kapoor’s proposed Managing Director remuneration was capped at ₹25,000 per month, including allowances and perquisites, for a three-year term from 22 April 2015.