Bharat Agri Fert and Realty Ltd, one of the top diversified companies with a growing presence in real estate, fertiliser and agriculture, announced the audited annual results for the financial year 2012-13.
Sales grew by around 90 per cent to Rs 580 million from Rs 302.1 million clocked by the company in the same period last year. In the period under consideration, net profit margins also improved by 36.42 per cent to Rs 208.5 million from Rs 93.8 million.
Earning per share (EPS) jumped to Rs 39.5, a whopping 122 per cent increase over the last year‘s EPS of Rs 17.75. The company manufactures sulphuric acid, single super phosphate (SSP), sodium silico fluoride and ferric alum solid at its plant in Wada, Thane district.
Bharat Agri has marketing arrangements with Chambal Fertilisers and Chemicals Ltd and Indian Potash Ltd, one of Asia's largest fertiliser trading companies, wherein these companies will market the SSP produced by the company. Bharat Agri is free to market its own brand of SSP.
The company owns 6.25 acre of surplus land at Majiwada, Thane, which is being utilised for the construction activities. The first phase – covering an area of 3.2 lakh sq ft – has been completed and sold. The second phase, covering an area of 2.8 lakh sq ft, will be completed in the next three or four years.
Commenting on the results, Yogendra D Patel, chairman and managing director, Bharat Agri Fert and Realty Ltd, said, “Even in the slowdown of the economy, we were able to close the year with better margins. With the new subsidy guidelines and prices announced by the government, we will continue to show good growth in this financial year. With our second phase in realty ready to start soon, the impact will be seen in our bottomline. We always were debt-free and will continue to be the same, at the same margins.”
