Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Google
Web www.equitybulls.com
Stock Report

| More

Super Crop Safe Limited announces Financial Results for Q2FY20

Posted On: 2019-11-19 08:51:50

Super Crop Safe Limited (BSE: 530883), a leading manufacturer and trader of Agro-chemicals, with leadership in the manufacturing of Pesticides, Bioproducts and Nutraceuticals, on 14th November 2019, announced their unaudited financial results for Second quarter ended September 2019.

Financial Highlights - Q2FY20 vs Q2FY19:

- Standalone Q2FY20 Revenue is INR 2,154 lakhs and H1FY20 is INR 3,571 lakhs
- Standalone EBITDA for Q2FY20 is INR 169 lakhs and H1FY20 is INR 350 lakhs
- Standalone EBITDA Margin for Q2FY20 is 7.86% and H1FY20 is 9.81%
- Standalone Q2FY20 Net Profit is INR 108 lakhs and H1FY20 is INR 221 lakhs

Ishwarbhai Patel, Chairman, Super Crop Safe, said," I am pleased to announce the results of the September quarter of Super Crop Safe Ltd. There was considerable pressure to increase our profit, but we recorded impressive sales this quarter which is a positive sign. As we all know, the monsoon was very good this year. However, the rain was much more than expected in states like Gujarat and Maharashtra, where we are active. This led to an increase in pressure to improve our margins and profit in the September quarter. On the positive side, we are estimating a promising financial performance in the second half of the current financial year for both our business and the sector. This will be boosted by our presence in states like Gujarat, Maharashtra, Madhya Pradesh, Uttar Pradesh and Rajasthan, where the dams are filled and will provide sufficient water to the farmers during the Rabi season, ultimately increasing the GDP of the sectors we belong to, like agro-chemical. Gujarat and Maharashtra received excess rain even after the ending of monsoon, which is why many farmers had to incur massive losses. The Gujarat government has provided, apart from insurance, a relief of 700 crores INR to the farmers. A similar announcement can be made in Maharashtra soon, and the money will help farmers obtain agrochemicals for the Rabi season. We are constantly expanding our product basket, and substituting lowmargin products with high-margin and high-demand ones. As of now, we sell more than 120 products. We are also making consistent progress in the bio-fertiliser sector, in which we launched Super Gold and Trinetra and they are being welcomed by the consumers. Bio-fertiliser products have high margins and demand. Prime Minister Narendra Modi, during his speech on 15th August this year, had asked to promote organic farming, which will be beneficial to us as numerous the Central and State governments join hands to motivate farmers for this practice.

Future plans:

We are planning to build a technical-grade plant in an area of 10,000 square metres, for which we await permission from the government. We possess the license of 10 technical-grade, which will boost our production capacity, income, EBITDA, net profits and margins, once we obtain the permit.

The nutraceutical segment is progressing at a considerable pace in India because people putting immense emphasis on their health. This sector will garner increased demand and is primed to produce high-margins.

Spirulina is being used as a health food by people in a worldwide scale, and its demand is increasing in India also. We have all the necessary licenses for Spirulina, and we are selling it in powder form in the wholesale market. In our R&D department, we are preparing a basket of products, including Spirulinabased health drinks and other 3-4 products, which will help us in entering this particular segment which will showcase our growth and take our business to new heights.

Currently we are present in 8 states, and we plan to enter more states by next year. We are also planning to double our distributors in the country.

Shares of SUPER CROP SAFE LTD. was last trading in BSE at Rs.16.4 as compared to the previous close of Rs. 17.25. The total number of shares traded during the day was 99137 in over 299 trades.

The stock hit an intraday high of Rs. 17.45 and intraday low of 16.05. The net turnover during the day was Rs. 1635359.


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

Bank of India board approves fund raising through issue of upto 125 crore shares

Ind-Ra affirms JK Paper's long-term issuer rating

Security and Intelligence Services India Ltd to acquire 51% in Adis Enterprises Pvt Ltd

ITC Ltd acquires stake in Delectable Technologies Pvt. Ltd.

Dynacons recognized as part of the Deloitte Technology Fast 50 India 2019

TCS' Advanced Drug Development Suite wins the India Pharma Award 2019

Zensar Partners with Education Africa to support students of Business Management

Fire at Oriental Aromatics Ltd's catalyst plant

Mitsu Chem Plast Ltd Board to consider Bonus Issue

Shri Jairam Sridharan, CFO of AXIS Bank resigns

Carnation Industries Ltd shuts plant for maintenance, repays dues to SBI, PNB

Issue of US$ 500 Million 3.50 Per Cent Notes By REC Limited

Vascon Engineers Ltd receives Rs. 132.69 crores work order from AAI

KEC International wins New Orders of Rs. 1,025 crore

RBI imposes penalty of Rs. 25 lakh on Andhra Bank

JSW Steel Ltd to seek clarifications on NCLAT order

G Bank, Myanmar Selects Infosys Finacle to Power its Growth

Thomas Cook India's Regional Maharashtra Tours witness a surge in demand of 27% from the State

Maruti Suzuki to proactively recall 63,493 Petrol Smart Hybrid variants of Ciaz, Ertiga and XL6 models

Dr. Reddy's Laboratories announces the launch of D.eferasirox Tablets for Oral Suspension, in the U.S. Market

Granules India Ltd clarifies on presence of NDMA in Metformin manufactured by the company

Bajaj Finance participates in QIP of RBL Bank Ltd

Cadila Healthcare Ltd receives EIR for API facility at Dabhasa, Gujarat

RBL Bank successfully closes QIP, raises Rs. 2,025 Crore

CARE revises ratings of Shakti Pumps India Ltd

Aite Group Names Majesco the Top 'Best-inClass' Vendor in the P&C Policy Administration Aite Matrix Report

Liberty Mutual Enhances Commercial Insurance Underwriting through Mastery of Big Data, adding more value to Brokers and Buyers

Shortlisted ideas from the European Tour Innovation Hub with Tata Communications show how latest digital technologies could revolutionise golf

Mercator Ltd board approves sale of PI in oil block

Pennar Industries bags orders worth INR 302 Crore

ICRA assigns credit ratings to NELCAST Ltd

Affle launches Vizury Engage360 to simplify omnichannel marketing

CARE A+ rating of Equitas Small Finance Bank Ltd reaffirmed

Reliance Power Ltd updates on rating action by Ind-RA

Moody's downgrades Yes Bank's ratings, assigns negative outlook

CARE reaffirms rating of NACL Industries Limited

Narayana Hrudayalaya announces discontinuation of Hospital Project in Kenya

Renascent Power acquires 75.01% stake in Prayagraj Power Generation Company Ltd

Sadbhav Tumkur Highway Private Ltd signs termination of concession agreement with NHAI

Nirlon Ltd, J.P. Morgan Sign Real Estate Transaction in Mumbai

Gati launches itself into the next phase of growth with All Cargo Logistics & Kintetsu World Express, Japan

Grant of second patent to Dr. Ashish Rawandale Patil, MD of Tejnaksh Healthcare Ltd for the 5 Part Access Needle

PBM Polytex Ltd updates on stoppage of production at Borgaon unit

Bank of Baroda approves raising of bonds upto Rs. 1850 crore

AnSem, a Cyient Company, Joins the Arm Approved Design Partner Program

Carnation Industries Limited enters into sale agreement for Uluberia Unit

URJA Global Ltd to participate in EV-EXPO

DCM Shriram Ltd commissions 200 KLD Distillery at Ajbapur

Brickwork Ratings downgrades rating of Vodafone Idea Limited's NCDs

JSW Steel gets favorable verdict from NCLAT on its appeal







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

disclaimer copyright © 2005 - 2019