Nath Bio-Genes Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2023
October 16, 2023 at 08:41 am
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Nath Bio-Genes (India) Limited reported earnings results for the second quarter and six months ended September 30, 2023. For the second quarter, the company reported sales was INR 225.68 million compared to INR 217.29 million a year ago. Revenue was INR 225.68 million compared to INR 217.29 million a year ago. Net income was INR 20.34 million compared to INR 14.69 million a year ago. Basic earnings per share from continuing operations was INR 0.86 compared to INR 0.77 a year ago.
For the six months, sales was INR 2,578.49 million compared to INR 2,310.79 million a year ago. Revenue was INR 2,578.49 million compared to INR 2,310.79 million a year ago. Net income was INR 351.05 million compared to INR 322.26 million a year ago. Basic earnings per share from continuing operations was INR 18.27 compared to INR 16.96 a year ago.
Nath Bio-Genes (India) Limited is an India-based formidable seed company, which is focused on developing and supplying BT, hybrid, and varietal seeds to farmers. The Company is engaged in the Seed Cultivation segment. The Companyâs products categories include oilseeds and fiber, field crops, vegetables, and plant nutrition. Its fiber and oils seeds include cotton and mustard. The Company's vegetable crop range includes chili, okra, tomato, bottle gourd, bitter gourd, cucumber, coriander, pumpkin, tinda and others. Its field corps include corn, jowar, hybrid paddy, research paddy and wheat. Its plant nutrition products include WINPro GOLii, WINall and Win Chin Win. The Companyâs forage products include NUTRIMAX and NUTRIMAX GOLD. The Company has seed processing facilities processing plants located in Maharashtra, Telangana, and Andhra Pradesh. The Company also has processing arrangements in Gujarat, Karnataka, Tamil Nadu, Madhya Pradesh, and Rajasthan on custom basis.