Nath Bio-Genes Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2022
February 14, 2023 at 10:58 am
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Nath Bio-Genes (India) Limited reported earnings results for the third quarter and nine months ended December 31, 2022. For the third quarter, the company reported sales was INR 252.97 million compared to INR 216.58 million a year ago. Revenue was INR 252.97 million compared to INR 216.58 million a year ago. Net income was INR 13.49 million compared to INR 28.08 million a year ago. Basic earnings per share from continuing operations was INR 0.71 compared to INR 1.48 a year ago. Diluted earnings per share from continuing operations was INR 0.71 compared to INR 1.48 a year ago.
For the nine months, sales was INR 2,563.76 million compared to INR 2,511.51 million a year ago. Revenue was INR 2,563.76 million compared to INR 2,511.51 million a year ago. Net income was INR 335.75 million compared to INR 489.5 million a year ago. Basic earnings per share from continuing operations was INR 17.67 compared to INR 25.76 a year ago. Diluted earnings per share from continuing operations was INR 17.67 compared to INR 25.76 a year ago.
Nath Bio-Genes (India) Limited is an India-based formidable seed company, which is focused on developing and supplying BT, hybrid and varietal seeds to farmers. The Company is engaged in the Seed Cultivation segment. The Companyâs products categories include oilseeds and fiber, field crops, vegetables and plant nutrition. Its fiber and oils seeds include cotton and mustard. The Company's vegetable crop range includes chili, okra, tomato, bottle gourd, bitter gourd, cucumber, coriander, pumpkin, tinda and others. Its field corps include corn, jowar, hybrid paddy, research paddy and wheat. Its plant nutrition products include WINPro GOLii, WINall and Win Chin Win. Its forage products include NUTRIMAX and NUTRIMAX GOLD. The Company has seed processing facilities processing plants located in Maharashtra, Telangana and Andhra Pradesh. The Company also has processing arrangements in Gujarat, Karnataka, Tamil Nadu, Madhya Pradesh and Rajasthan on custom basis.