Teesta Agro Industries recently announced its Q3FY23 results, which showed significant growth in revenue and net profit. Teesta Agro Industries Limited is a company based in India that operates in the agricultural sector. The company was established in 1993, and it is currently listed on the Bombay Stock Exchange (BSE) with the symbol - 524204. However, trading is suspended of this stock after 30 September 2019, due to penal reasons. The closing price of this share in BSE was Rs.19.30.
Teesta Agro Industries's total revenue for the quarter was INR 116.90 Cr., compared to INR 58.35 Cr. in the previous quarter. This represents a growth of over 100% in just one quarter. The company's total revenue for the first nine months of FY23 was INR 249.88 Cr., compared to INR 135.84 Cr. in the same period last year. The current Shares Price of TEESTA AGRO Shares is around Rs.60 per share, in Private markets of India.
Teesta Agro Industries' total expenses for the quarter were INR 112.64 Cr., compared to INR 56.86 Cr. in the previous quarter. The company's net profit for the quarter was INR 3.07 Cr., compared to INR 1.08 Cr. in the previous quarter. The company's EPS for the quarter was INR 5.52, compared to INR 1.94 in the previous quarter.
Teesta Agro's net worth for the quarter was INR 105.76 Cr., compared to INR 102.69 Cr. in the previous quarter. In the previous fiscal year, the company had a net worth of INR 101.21 Cr.
The company's Q3FY23 results show significant growth in revenue and net profit, which can be attributed to a variety of factors. For instance, the company may have benefitted from an increase in demand for agricultural products, as the COVID-19 pandemic has led to a greater focus on food security and self-sufficiency. Additionally, the company may have benefitted from improved operational efficiency and cost management.
Looking ahead, Teesta Agro Industries is well-positioned to capitalize on the continued growth in the agricultural sector in India. The company's strong brand and reputation, combined with its focus on innovation and customer satisfaction, are likely to drive continued growth and success. However, the company will also need to navigate various challenges, such as increasing competition and changing market dynamics, in order to maintain its competitive edge.
Overall, Teesta Agro Industries Limited is a promising company with a strong track record of success in the agricultural sector. Its Q3FY23 results are a testament to the company's ability to drive growth and profitability, and its focus on innovation and customer satisfaction bodes well for its future prospects. As the company continues to navigate the evolving landscape of the Indian agricultural sector, it is likely to remain a key player and a source of value for its shareholders.