Introduction:
Fertilizer stock reported significant Q3 FY24 gains with operations revenue reaching ₹283.72 crore, up 16.45% YoY. The surge reflects strong market performance and operational efficiency, positioning it well in the industry.
Share Price movement of Madhya Bharat Agro Products:
As of today, January 15, 2025, Madhya Bharat Agro Products Ltd opened at ₹262.50, peaked at ₹303.49, and is currently priced at ₹278.82, marking a 6% increase. The company’s market cap stands at ₹2443.21 crore, reflecting strong market activity.
Madhya Bharat Agro Products share price rise:
Madhya Bharat Agro Products Limited reported a robust Q3 FY24, with revenue from operations climbing to ₹283.72 crore, marking a 16.45% increase YoY and a 1.95% rise QoQ. The revenue growth reflects the company’s strong market performance and operational efficiency.
The company’s net profit surged impressively to ₹17.89 crore in Q3 FY24, a 13.56-fold increase from the previous year and a 29.34% growth from the previous quarter. This significant profit growth highlights the company’s enhanced profitability and market competitiveness.
Additionally, Madhya Bharat Agro Products Limited’s total income for the quarter stood at ₹285.28 crore, up 17% YoY. Profit before tax was ₹26.94 crore, demonstrating improved operational efficiency. The company also faced tax expenses of ₹9.03 crore, including current and deferred taxes.
Recent news About Madhya Bharat Agro Products :
On October 15, 2024, Madhya Bharat Agro Products Limited reported Q2 results with sales nearly flat at INR 2,783.06 million. Revenue slightly increased to INR 2,800.39 million, while net income decreased to INR 138.38 million. EPS fell to INR 1.58 from INR 1.7.
Ace investor holding of Madhya Bharat Agro Products:
Ace investor Shashi Ashok Jain holds 9,71,468 shares of Madhya Bharat Agro Products Ltd., valued at ₹27.0 Cr, with each share priced at ₹278.39. This substantial investment underscores his confidence in the company’s potential and market position.
Stock performance of Madhya Bharat Agro Products for Period of 1 week, 6 months and 1 year:
Madhya Bharat Agro Products has shown varied performance over different periods. In the past week, the stock rose by 7.19%. Over the last six months, it gained 19.8%. However, over the past year, the stock has declined by 7.45%.
Also Read: Tata group stock jumps 15% after its net profits increases by 20% in Q3
Shareholding pattern of Madhya Bharat Agro Products:
All values in % | Dec-24 | Sep-24 | Jun-24 |
Promoters | 74.56 | 74.51 | 74.43 |
Retail & others | 25.46 | 25.49 | 25.58 |
About Madhya Bharat Agro Products:
Madhya Bharat Agro Products Ltd specializes in the manufacture of fertilizers and agrochemical products. The company focuses on delivering high-quality agricultural inputs essential for enhancing crop productivity and farmer profitability, positioning itself as a key player in the agro-industry.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.