White Organic Agro Q4FY18 profit doubles
White Organic Agro reported its results for the quarter ended March 31, 2018. The company’s consolidated revenue for the quarter jumped to Rs. 87.61 crore vs just Rs. 10.19 crore in the corresponding quarter last year.
EBITDA for the quarter rose by 272 per cent yoy to Rs. 4.948 crore with a corresponding margin contraction of 741 bps. EBITDA margin for the quarter stood at 5.6 per cent. The PAT for the quarter came in at Rs. 2.92 crore, yoy increase of 137.4 per cent.
Looking at the full year numbers, we see that revenue jumped by 769 per cent to reach Rs. 187.92 crore while EBITDA rose by 857 per cent to Rs. 11 crore. The company reported net profit of Rs. 10.03 crore, up 601 per cent yoy.
White Organic Agro Limited, formerly known as White Diamond Limited, is engaged in organic farming and the distribution and retailing of organic products.
On Wednesday, the stock opened at Rs. 91.55 per share and remain very volatile and touched an intraday high of Rs. 107, on the BSE.