Madhya Bharat Agro Products Ltd June-quarter profit from continuing operations 329.6 mln rupees

Madhya Bharat Agro Products Ltd (MBAPL) reported a profit from continuing operations of 329.6 million rupees for the June quarter, reflecting the company’s performance in the latest financial period. The firm, which is part of the Ostwal Group of Industries and India’s third-largest private sector phosphatic fertilizer company, continues to expand its production capacity, with ongoing efforts to increase output from 9 lakh metric tons per annum (MTPA) to approximately 16 lakh MTPA.

Historically, the company has demonstrated fluctuating operating profits, with the most recent quarterly operating profit standing at 227 million rupees. The firm’s earnings per share (EPS) for the period reached 3.43 rupees, indicating a significant increase compared to previous quarters. However, the company’s tax rate reported at 14%, a notable decline from earlier periods.

MBAPL’s financials also show a rise in borrowings to 856 million rupees, reflecting continued investment in operations and expansion. The company’s cash flow from operating activities remains a key area of focus, with recent figures showing a negative outflow of 127 million rupees. Investors are closely monitoring the firm’s working capital efficiency, with debtor days at 83 and payable days at 36.