Mangalam Seeds Limited Announces Audited Standalone Earnings Results for the Fourth Quarter and Full Year and Consolidated Earnings for the Full Year Ended March 31, 2019
May 13, 2019 at 09:16 am EDT
Share
Mangalam Seeds Limited announced audited standalone earnings results for the fourth quarter and full year and consolidated earnings for the full year ended March 31, 2019. For the quarter, on standalone basis, the company reported net sales/income from operations of INR 80,236,014. Total revenue was INR 80,322,606. Profit for the period was INR 8,340,442 or INR 0.76 per basic share.
For the year, on standalone basis, the company reported net sales/income from operations of INR 321,617,079 compared to INR 303,489,732 a year ago. Total revenue was INR 321,869,741 compared to INR 303,801,491 a year ago. Profit for the period was INR 34,176,251 or INR 3.11 per basic share compared to INR 33,397,548 or INR 3.04 per basic share a year ago.
For the year, on consolidated basis, the company reported net sales/income from operations of INR 322,248,886 compared to INR 303,562,632 a year ago. Total revenue from operation was INR 322,501,604 compared to INR 303,946,293 a year ago. Net profit for the period was INR 33,972,097 or INR 3.09 per basic share compared to INR 33,238,821 or INR 3.03 per basic share a year ago.
Mangalam Seeds Limited is engaged in manufacturing, trading, producing, purchasing, or selling hybrid seeds through various dealers and distributors. It specializes in the production of crop seeds including maize, castor, sesamum, bajara, fennel, mustard, cumin, and a number of vegetables. It offers products under various categories, such as maize, pearl millet, moong, redgram, castor, mustard, cumin, fennel, jowar fodder and vegetable. The Companyâs products include Bajara Mangalam-252, Hybrid Maize Arpita, Hybrid Maize Ashavari, Hybrid Maize Vanraj, Hybrid Maize Fezzi, Bajara MSC-5240, Bajara Mangalam-Eklavya, Mangalam 222, Mangalam 210, Mangalam 200, Research Castor MSC-155, Research Castor-55, Bajara Mangalam-Eklavya and YoYo Grass (African Tall Maize). Its processing plant is situated at Unjha, Gujarat and Valad, Gandhinagar, Gujarat. Its marketing channel is in Gujarat and Rajasthan, comprising of 421 distributor, more than 1150 dealers and retailers to support marketing.
Mangalam Seeds Limited Announces Audited Standalone Earnings Results for the Fourth Quarter and Full Year and Consolidated Earnings for the Full Year Ended March 31, 2019
MANGALAM SEEDS LIMITED 
