White Organic locks in upper circuit on impressive Q1FY19 numbers

White Organic Agro reported its results for the quarter ended June 30, 2018 on Thursday during market hours.

The company’s consolidated revenue for the quarter came in at Rs. 74.75 crore, registering 327.4 per cent yoy increase. This was majorly due to a jump in revenue from food grains & miscellaneous products and agriculture by 325 per cent and 59 per cent yoy, respectively.

EBITDA for the quarter rose by 409.1 per cent yoy to Rs. 4.58 crore as against Rs. 0.90 crore in the corresponding quarter last year with a margin expansion of 98 bps. EBITDA margin for the quarter stood at 6.1 per cent.

The PAT for the quarter came in at Rs. 4.66 crore as against just Rs. 1.50 crore in the corresponding quarter last year, yoy increase of 210.7 per cent.

White Organic Agro provides organic fruits, vegetables, food, and beauty and wellness products. The company has acquired a major stake in Future Farms LLP (FFL), which has a strong presence across western region in the organic space.

With this announcement, the stock jumped by 10 per cent and locked in upper circuit at Rs. 88.05 on the BSE.