Best Agrolife (539660) Q4 16/17 earnings summary

Executive summary

• FY17 revenue from operations rose to Rs 28.45 crore from Rs 8.70 crore; net profit after tax was Rs 6.86 lakh versus Rs 4.33 lakh.

• Trading operations expanded across products and customers; management cited steady growth and plans to explore new products.

Financial highlights

• Total income was Rs 28.74 crore versus Rs 8.95 crore; gross expenditure was Rs 28.64 crore versus Rs 8.88 crore.

• PBT was Rs 9.92 lakh versus Rs 6.87 lakh; PAT was Rs 6.86 lakh versus Rs 4.33 lakh.

• Revenue from operations comprised Rs 26.22 crore from PVC resin, Rs 1.43 crore from plastic raw materials and Rs 0.80 crore from plastic granules.

Outlook and guidance

• Plans include exploring new products using information technology and expanding product and customer bases; management expected better operating and financial results.

• Management described an asset-light growth strategy, with plans to release cash by exiting capital-intensive models and seek improved returns.