Corporate Announcement
Security Code : 513713    Company : WHITEORG    
 
Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseDownload PDF Download XBRL
  Exchange Received Time  04/06/2019 10:52:21         Exchange Disseminated Time   04/06/2019 10:52:26              Time Taken   00:00:05
Media Release

White Organic Agro Limited

FY19 Revenue at Rs. 338.02 crore, Y-o-Y growth of 80%, driven by product segments of rice, pulses, aloe-vera, moringa etc.
Debt Free Company

Mumbai, 4th June 2019: White Organic Agro Limited (BSE: 513713), is the only listed Company catering to entire organic agro product range with over 250 premium organic products in 12 major categories and 17 sub categories, has announced its audited financial results for the fourth quarter and full year ended March 31st, 2019.

The focus continues to remain on increasing the presence of brand 'White Organics' across India and globally, also the self-leased land organic farming activity. The company witnessed superior acceptability and high demand for products and brand 'White Organics' enabling us to report excellent growth in the fourth quarter and full year ended 31st March 2019.

FY19 Vs. FY18 Consolidated Performance Highlights:
White Organic Agro Limited
? Revenue was at Rs. 338.02 crore in FY19 as against Rs. 187.92 crore in FY18 with a fantastic growth of 80%, this growth was mainly driven by rise in exports and boost in Rice, Aloe Vera, Moringa and other segments
? EBITDA was at Rs. 6.94 crore in FY19 as against Rs. 13.40 crore in FY18, decline of 51.86%, as the Company sold off inventory, which it had built in FY17, at a significant discount before the product expired, avoiding write-off.
? Profit After Minority Interest was at Rs. 4.97 crore.
? EPS for FY19 at Rs. 1.42
 

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