Rs 3/Share Dividend: Small Cap Co Sets Record Date, Q1 Net Profit Up Two-Fold

Small cap company operating in Agro Chemicals sector, Best Agrolife Ltd on Monday fixed 20th September record date for payment of Rs 3.00 per share final dividend. Last trading price of Best Agrolife share is Rs 1150.70 per share with intraday fall of 0.42%. The small cap stock offered highest return of 16,409% in last 5-years only and witnessed a decline of 25% year-to-date. Check details below:

Best Agrolife Sets Record Date For Final Dividend: As per the BSE filing dated September 11, 2023, the company fixed September 20, 2023 as the record date for determining the members to receive dividend for the financial year 2022-23.
Best Agrolife Dividend History: The company declared 8 dividends since September 21, 2016. The company in the last 12 months announced an equity dividend of 2.00 per share and at the current market price of Rs 1150.70, offers a dividend yield of 0.17%, according to Trendlyne.

Best Agrolife Stock Outlook & Return Over Years: Last trading price of Best Agrolife share on BSE is Rs 1150.70 per share with intraday fall of 0.42%. Its 52-week high price is Rs 1774.45 per share and 52-week low price is Rs 886.60 per share, respectively. The company has a market capitalisation of Rs 2720.80 crore. In last 1-month, Best Agrolife shares fell 8%, gained 4% in last 6-months, fell 8% in last 1-year, and gained 41% in last 2-years. In last 3-years, Best Agrolife stock jumped 77%.

Best Agrolife Financial Performance in Q1: The company for the June quarter of current fiscal announced over two-fold jump in its consolidated net profit at Rs 90.5 crore as against the net profit of Rs 40.12 crore announced in the year-ago period. Total incomes soared to Rs 616.75 crore in the April-June period of 2023-24 from Rs 464.07 crore declared in the corresponding period an year ago, as per the BSE filing. Vimal Kumar, Managing Director of Best Agrolife Ltd, said the company accomplished remarkable growth momentum, with revenue from operations growing by 32% despite the headwinds that the agrochemicals industry has been facing.

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