Narmada Agrobase Ltd reported a surge in Q2 profit to Rs 1.29 crore, driven by lower expenses. Revenue was Rs 10.24 crore, while expenses declined to Rs 8.51 crore.
Mumbai, Nov 14 (PTI) Animal feed manufacturer Narmada Agrobase Ltd has reported a multifold rise in net profit to Rs 1.29 crore in the July-September quarter on lower expenses.
The company reported revenue from operations of Rs 10.24 crore for the second quarter of 2024-25 compared to Rs 11.40 crore in the previous year, a statement said.
Expenses declined to Rs 8.51 crore in Q2 FY25 from Rs 11.24 crore in the year ago period. Operating profit or earnings before interest and tax depreciation amortisation jumped to Rs 2.06 crore on lower inventory and raw material costs.
The company recently raised Rs 36.58 crore through a rights issue which will be utilised to fund its expansion plans. Narmada Agrobase shares closed up 4 per cent at Rs 15 on BSE.
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