Page 2 - Godrej Agrovet

Godrej Agrovet posts higher profit at 27.3% for June quarter as costs drop

The company's consolidated net profit rose to 1.05 billion rupees ($12.8 million) in April-June, from 827.1 million rupees a year ago

Godrej Agrovet, SBI partner to offer loans to palm oil farmers: Report

Godrej Agrovet's Oil Palm Business on Thursday said it has partnered with the State Bank of India (SBI) to offer loans to oil palm farmers for setting up micro irrigation facility and install fencing to protect crops from cattle and improvement of tube well at their oil palm farms. Introduced with an objective of aiding oil palm growth by improving Fresh Fruit Bunches (FFB) productivity, it will act as a catalyst to maintain juvenile gardens during the gestation period of the first 5 years, Godrej Agrovet said in a statement. "The partnership with SBI is a testament of our company's efforts to improve farmer's confidence in sustainable oil palm farming. With no income visibility during the long gestation period, this partnership will aid bridge the gap for their finance needs during the initial years," Godrej Agrovet CEO, Oil Palm Business, Sougata Niyogi said. He further stated that the implementation of National Mission on Edible Oils - Oil Palm (NMEO-OP) has generated a new sense

Godrej Agrovet Q4 consolidated net profit declines 83% to Rs 23.47 crore

Godrej Agrovet on Tuesday reported an 83.21 per cent decline in consolidated net profit at Rs 23.47 crore in the quarter ended March 31, 2023. The company's net profit stood at Rs 139.81 crore during the corresponding period of 2021-22, according to a regulatory filing. Revenue from operations of the company during the quarter under review was almost flat at Rs 2,088.80 crore as against Rs 2,075.62 crore in the year-ago period. In FY23, Godrej Agrovet's net profit fell 29.53 per cent to Rs 295.36 crore as compared with Rs 419.15 crore in FY2021-22. Revenue from operations of Godrej Agrovet in FY23 grew 12.78 per cent to Rs 9,352.81 crore from Rs 8,292.93 crore a year ago. Shares of the company on Tuesday settled 0.45 per cent down at Rs 438.05 apiece on the BSE.

Godrej Agrovet inks pact with AP govt to set up edible oils refining plant

Godrej Agrovet Ltd has proposed to invest Rs 100 crore to set up a refining plant for edible oils in Andhra Pradesh. In a statement, the company said it has signed a Memorandum of Understanding (MoU) with the state government on the sidelines of Andhra Pradesh Global Investors Summit (APGIS) 2023. As a part of the MoU, Godrej Agrovet's oil palm business will be making an estimated investment of Rs 100 crore to set up a manufacturing facility for edible oil refinery and solvent extraction plant. The company already has 45,000 hectare area of oil palm plantation area in Andhra Pradesh (AP). The proposed new plant will have a projected refining capacity of 400 tonnes per day and will be set up in Seethanagaram, Eluru District in AP. This is company's first downstream project for value-added products in oil and fats. Balram Singh Yadav, Managing Director of Godrej Agrovet, said, "The MoU is in line with Godrej Agrovet's long-term strategy to be the catalyst in India's oil mission thro

Godrej Agrovet Q2 net profit falls 34.3% to Rs 71.76 cr on higher costs

Total revenue from operations grew 13.5% to Rs 2,445 crore

Godrej Agrovet Q4 profit doubles to Rs 140 crore, revenue up 42%

The company's profit stood at Rs 63.38 crore during the corresponding period of the previous fiscal, Godrej Agrovet said in a statement

Godrej Agrovet Q3 consolidated net down 8.37 pc at Rs 62.39 cr

Agri-business company Godrej Agrovet reported an 8.37 per cent decline in consolidated net profit at Rs 62.39 crore for the quarter ended December 2021.

Vijay Crishna quits boards of Godrej Industries and Godrej Agrovet

Crishna is married to Smita Crishna-Godrej who owns one-fifth stakes in the Godrej family assets

Godrej Agrovet Q1 consolidated PAT up 4.1% at Rs 104.75 crore

Godrej Agrovet on Tuesday reported a 4.1 per cent growth in consolidated profit after tax (PAT) during the quarter ending June 30, at Rs 104.75 crore compared to the same period of the previous financial year. The company's PAT stood at Rs 100.59 crore during the corresponding quarter of the previous fiscal, Godrej Agrovet said in a BSE filing. Revenue from operations of the company during the quarter under review grew by 28.23 per cent to Rs 1,987.60 crore compared to Rs 1,550.01 crore during the same period of 2020-21. "It was one of the best quarterly performances for the animal feed business with segment results growing by 32.5 per cent, supported by volume growth and R&D benefits realisation. Vegetable oil benefited from higher oil prices and posted segment results of Rs 32.6 crore which was a 4X increase year-on-year," Godrej Agrovet Managing Director B S Yadav said. The standalone crop protection business also registered a modest growth of 5.9 per cent in segment results, ..

Nifty outlook & weekly stock picks by Vinay Rajani of HDFC Securities

The markets are expected to remain range-bound and choppy unless the range of 15,550-15,950 is taken out on the either side in Nifty

Godrej holding company hikes stake in Godrej Properties, Agrovet

With the stake buy in Godrej Properties, Godrej Industries' stake in the company will rise to 47.29 per cent.

Godrej Agrovet rallies 8%, hits 52-week high as Godrej Industries ups stake

On June 22, 2021, Godrej Industries purchased 976,047 shares, representing 0.51 per cent of total equity, of Godrej Agrovet worth of Rs 55.63 crore

Covid-induced spike in palm oil prices to aid Godrej Agrovet's profits

The segment was a key driver of revenues and margins in the September quarter

Godrej Agrovet's Q1 consolidated net profit rises 29.65% to Rs 100.6 cr

The company had posted a net profit of Rs 77.58 crore in the year-ago period, according to the regulatory filing

Godrej Agrovet: Good prospects, but investors should look at stock on dips

Valuation, however, limits upside in the near term

Top stock picks by Angel Broking: Buy Kansai Nerolac Paints, Godrej Agrovet

Stock calls and Outlook on Nifty by Mr. Sameet Chavan, Chief Analyst- Technical & Derivatives, Angel Broking Ltd.

Godrej Agrovet: Why analysts are bullish despite 13% fall since listing

Godrej Agrovet is the market leader in the domestic plant growth regulators (PGR) segment and one of the leading players in the cotton herbicide segment.

Godrej Agrovet March quarter profit drops 54% to Rs 320 mn, income up 15%

The Godrej Agrovet stock was down 2.84 per cent at Rs 658.15, at around 11 am on Tuesday

Bankruptcy resolution process: Godrej Agrovet plans to acquire Ruchi Soya

Ruchi Soya ventured into the palm business through contract farming on a large scale

Godrej Agrovet hits highest level since listing

The stock rallied 10% to Rs 667 on the BSE in early morning trade, was up 45% against issue price of Rs 460 per share