Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Stock Report

| More

The Waterbase Limited announces Q2 FY20 Results

Posted On: 2019-11-18 16:49:40

The Waterbase Ltd. (TWL), pioneer in the Indian Aquaculture Industry with integrated offerings of hatcheries, shrimp feed and farmcare products supported by shrimp processing capacities, has announced its financial results for the quarter and half year ended September 30, 2019.

Financial Highlights - Q2FY20

- Total Income stood at Rs. 94.4 crores
- PBT of Rs. 9.7 crores
- PAT stood at Rs. 8.9 crores

Commenting on the results, Mr. Ramakanth V. Akula, CEO said, "We have witnessed an improvement in industry dynamics in this phase of the current farming season. Delayed onset of the first phase of the farming season this year, due to extended winter and lower farm gate prices, led to reduced acreage, lower stocking in ponds, and consequently subdued demand for feed. Farm gate prices and sentiments are much improved now.

Farmcare products continued to perform well enjoying growth in volumes due to repeat orders as well as inroads into newer markets. Our Vannamei Hatchery has received an overwhelming response from farmers - this is helping us to further strengthen our market connect. Very importantly, in the feed business, we have rigorously implemented greater credit discipline across our network and while this has impacted the feed volumes this year, it significantly enhances the quality of revenues on a long-term basis.

Global demand for shrimp remains robust and India is favorably placed as a supplier with potential for growth and value-addition. As a niche player, we are confident that our brand salience, improved national presence, better credit discipline and strengthened business model with multiple revenue streams, positions us very strongly to create significant value for shareholders."

Shares of WATERBASE LTD. was last trading in BSE at Rs.122.35 as compared to the previous close of Rs. 130.2. The total number of shares traded during the day was 32554 in over 618 trades.

The stock hit an intraday high of Rs. 130.6 and intraday low of 121.4. The net turnover during the day was Rs. 4060573.

Source: Equity Bulls

Click here to send ur comments or to

Other Headlines:

Apollo Tyres aims for leadership in premium two-wheeler segment in India

Jaysynth Dyestuff India Ltd Board recommends Dividend of Rs. 0.15 for FY20

Jio Platforms receives over Rs. 1.5 lakh crore investment in 3 months

World Youth Skills Day: TCS iON Launches Youth Employability and Entrepreneurship Programme

ICICI Securities Primary Dealership Ltd Q1FY21 net profit surges to Rs. 345.08 crore

Federal Bank Ltd Q1FY21 consolidated PAT higher at Rs. 409.50 crore

Google to invest Rs. 33,737 crore in Jio Platforms Ltd

Indian Metals & Ferro Alloys Ltd postpones board meeting to July 27, 2020

Trigyn awarded - National Cooperative Purchasing Alliance (NCPA) - IT Services Contract

IFGL Refractories Ltd board to consider Q4FY20, FY2020 results, final dividend on July 18, 2020

Bandhan Bank Ltd reports Q1FY21 net profit of Rs. 549.81 crore

TCS Now Second Largest Among UK Software and IT Services Companies

Zydus Cadila receives final approval from USFDA for Betamethasone Dipropionate Ointment

Tata Consumer Products Ltd board to approve Q1FY21 results on Aug 4, 2020

Maruti Suzuki to proactively recall 134,885 units of WagonR and Baleno

NELCO Ltd board to approve quarterly results on July 31, 2020

Sonata Software Ltd board to announce 1st quarter results on Aug 10, 2020

Steel Strips Wheels Ltd bags news orders for mobile home market from USA

Havells India Ltd board to consider Q1FY21 results on July 27, 2020

Zydus starts the Human Dosing for Adaptive Phase I & II clinical trials

Chinese firm announces open offer to acquire shares of Thirdwave Financial Intermediaries Limited

Majesco Enables United Educators Digital Transformation Journey

Aarti Surfactants Ltd FY20 PAT at Rs. 2.09 crore

ICRA Limited Board approves audited financial results for Q4, FY2020

Oriental Hotels Ltd board to approve first quarter results on July 28, 2020

Indiamart Intermesh Ltd board to announce quarterly results on July 21, 2020

Bharti Infratel Ltd board to consider 1st quarter results on July 27, 2020

Monnet Ispat & Energy Ltd board to approve Q1FY21 results on July 21, 2020

ICRA Ltd Board approves Dividend of Rs. 27 for FY20

Vanguard and Infosys announce strategic partnership

India Ratings Downgrades HEG to 'IND AA-'/Stable

Prestige Estates subsidiary acquires equity stake in DB (BKC) Realtors Private Limited

Gujarat Hotels Ltd posts Rs. 0.87 crore PAT in Q1FY21

Oberoi Realty Ltd Q1FY21 consolidated PAT slides to Rs. 28.07 crore

YES Bank approves allocation of 3,415,384,614 Equity Shares to anchor investors

National Peroxide Ltd Board approves dividend of Rs. 12.50

Oberoi Realty Ltd board approves fund raising proposals

Suzlon Energy Limited allots 51,19,92,560 shares

CreditAccess Grameen Limited board to consider terms of NCD issue on July 17, 2020

IDFC First Bank Ltd board to announce Q1FY21 results on July 28, 2020

Oberoi Realty Ltd Q4FY20 consolidated PAT climbs to Rs. 250.96 crore

National Peroxide Ltd Q4FY20 net profit at Rs. 3.03 crore

AAI, BEL sign MoU for co-operation in Civil Aviation industry

Godrej Properties Ltd board to announce Q1FY21 results on Aug 5, 2020

Hero MotoCorp announced as the Title Partner of Hero Open

Opto Circuits India Ltd sinks to FY2020 loss of Rs. 1367.86 crore

Emami group completes stake sale in Emami Cement

ICICI Securities Ltd board to approve 1st quarter results on July 22, 2020

Chambal Fertilisers & Chemicals Ltd board to announce Q1FY21 results on July 29, 2020

Salasar Techno Engineering Ltd updates on tower supply agreement

Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2019