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Business Standard
an hour ago
- Business
- Business Standard
Aristo Bio-Tech FY25 PAT Rises to Rs 4.06 Cr, Revenue Jumps 30 Percent to Rs 318.09 Cr
PNN New Delhi [India], May 31: Gujarat-based Aristo Bio-Tech and Lifescience Ltd, a fast-growing company in the agrochemical and biotechnology space, has reported a stellar financial performance for the fourth quarter and full financial year ended March 31, 2025 (FY25). The company posted a strong turnaround in profitability, with significant growth in revenue. Due to expansion and increased capital expenditure, depreciation has risen by Rs. 1 crore compared to last year, resulting in a lower visible profit. For the financial year that ended on March 31, 2025, the company recorded revenue of Rs. 318.09 crore, marking a 30% increase from Rs. 245.15 crore in FY24. Net profit rose to Rs. 4.06 crore, slightly higher than Rs. 3.89 crore in FY24, despite a significant increase in operating scale and investment in expansion. Earnings per share for FY25 stands at Rs. 5.97, a Y-o-Y increase of 4.3% compared to earnings per share of Rs. 5.72 in FY24. The company operates in a promising industry focused on producing and distributing pesticides and fertilizers, helping improve crop yield and quality, offering strong opportunities for the company's sustained growth. Narendra Singh Barhat, Chairman & Managing Director, Aristo Bio-tech and Lifescience said, "FY25 has been a significant year for Aristo. Despite a challenging macroeconomic environment, we delivered strong growth, driven by our operational excellence and strategic investments. Due to expansion and increased capital expenditure, depreciation has risen by Rs. 1 crore compared to last year, resulting in a lower visible profit. We remain committed to delivering value to our shareholders while continuing to expand our market reach and innovation in agri-biotech solutions." Highlights: * Vadodara-based agrochemical company has reported Net Profit of Rs 4.06 crores for FY25 * For FY25, revenue from operations was reported at Rs 318.09 crore, a 30% Y-o-Y growth * Company's distribution network extends over 20 states in India while export network spans over 15 countries * Engaged in the field of producing and distributing pesticides and fertilizers, company has strong growth prospects During the first half of FY25 (April-September 2024), the company recorded a net profit of Rs. 4.55 crore and revenue from operations of Rs. 214.15 crore, reflecting strong growth momentum. However, the second half (October 2024- March 2025) saw a marginal loss of Rs. 49 lakh on revenue of Rs. 104.17 crore, impacted by seasonality and increased input costs. Aristo Bio-Tech and Lifescience product distribution network extendes over 20 states of India. The company also exports to over 15 countries, including Armenia, Australia, Bangladesh, Belgium, Cambodia, Germany, Italy, Kenya, Moldova, New Zealand, Poland, South Africa, UAE, Ukraine, and Vietnam. Company's products include herbicides/weedicides, fungicides, plant growth regulator and insecticides About Aristo Bio-Tech and Lifescience Limited: Incorporated in 2005, Aristo Bio-Tech and Lifescience Limited is an agrochemical company, mainly engaged in the manufacturing, formulation, supplying, packaging, and job work services of various Pesticides. The company delivers products in India as well as engage in exporting products like Insecticides, Herbicides, Fungicides, Plant Growth Regulators, and a wide variety of other Agrochemicals. The company is ISO 9001: 2015 certified for their Quality Management System. Alongside undertaking manufacturing operations, the company also provide Contract manufacturing, Job work and Toll manufacturing services for Crop Protection companies.
Economic Times
18 hours ago
- Business
- Economic Times
Scoda Tubes IPO subscribed 53 times on final day of bidding
New Delhi, The initial public offer of stainless-steel tubes and pipes manufacturer Scoda Tubes received 53.78 times subscription on the closing day of bidding on Friday. ADVERTISEMENT The initial share sale got bids for 63,70,52,700 shares against 1,18,46,169 shares on offer, as per NSE data. The category for non-institutional investors fetched 113.03 times subscription while the category for Qualified Institutional Buyers (QIBs) got subscribed 69.51 times. The quota for Retail Individual Investors (RIIs) received 19.39 times subscription. Scoda Tubes on Tuesday raised Rs 66 crore from anchor investors. The Gujarat-based company's IPO is entirely a fresh issue of equity shares, aggregating up to Rs 220 crore with no offer for sale (OFS) component. The issue has a price band of Rs 130-140 per share. ADVERTISEMENT Proceeds of the issue will be used to expand the production capacity of seamless and welded tubes and pipes, working capital requirements and general corporate purposes. The company is a stainless-steel tubes and pipes manufacturer, catering to a diverse range of customers like EPC, and industrial companies engaged in oil and gas, chemicals, fertilisers, power, etc. Monarch Networth Capital is the book-running lead manager to the IPO. (You can now subscribe to our ETMarkets WhatsApp channel)
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Business Standard
18 hours ago
- Business
- Business Standard
Supreme Court calls crypto laws obsolete, urges govt to act on regulation
The Supreme Court on Friday observed that India's current laws are 'completely obsolete' when it comes to dealing with cryptocurrencies, like Bitcoin. The top court noted that there is a 'grey area' in how these digital assets are regulated and asked the government to take steps to address the issue. A bench of Justices Surya Kant, Dipankar Datta, and Vijay Bishnoi was hearing a case involving Gujarat-based businessman Shailesh Babulal Bhatt, who is accused of Bitcoin-related fraud in multiple states, Live Law reported. Senior advocates Siddharth Dave and Mukul Rohatgi, representing Bhatt, reminded the court that it had earlier asked the Attorney General of India about a proper regulatory system for cryptocurrencies. 'When we were asking them that have some regulatory mechanism, a very, very sweeping statement was made – 'no, no, we are watching, we are looking at the international economic conditions'...' Justice Kant observed, as quoted by Live Law. This is not the first time the Supreme Court has highlighted the need for clear cryptocurrency laws. In earlier hearings, it compared unregulated Bitcoin trade to hawala transactions and warned that the lack of rules makes it easy for people to misuse the system. In November 2023, the Supreme Court dismissed a petition asking for guidelines on trading and mining cryptocurrency. The SC bench had said, 'Parliament will do it, we will not issue any directions.' In January 2024, the top court gave the Union Government time to state its position on cryptocurrency issues, especially in cases happening across various states. In April 2025, another bench said that the matter falls under policy and not judicial decision-making, advising the petitioner to approach the proper authority. Govt to release discussion paper on crypto policy Meanwhile the Central government may release a discussion paper next month to explore policy options for crypto assets, according to a report by The Economic Times. This comes amid rising global acceptance of digital currencies, especially after former US President Donald Trump publicly voiced his support for them. According to the report, the paper will draw on insights from a study by the International Monetary Fund and the Financial Stability Board, and will also gather perspectives on how various countries are regulating cryptocurrencies. 'The discussion paper on crypto assets is being given finishing touches,' an official told The Economic Times. The paper could be posted for public comments as early as next month.
Time of India
20 hours ago
- Business
- Time of India
Scoda Tubes IPO subscribed 53 times on final day of bidding
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel New Delhi, The initial public offer of stainless-steel tubes and pipes manufacturer Scoda Tubes received 53.78 times subscription on the closing day of bidding on initial share sale got bids for 63,70,52,700 shares against 1,18,46,169 shares on offer, as per NSE category for non-institutional investors fetched 113.03 times subscription while the category for Qualified Institutional Buyers (QIBs) got subscribed 69.51 times. The quota for Retail Individual Investors (RIIs) received 19.39 times Tubes on Tuesday raised Rs 66 crore from anchor Gujarat-based company 's IPO is entirely a fresh issue of equity shares , aggregating up to Rs 220 crore with no offer for sale (OFS) issue has a price band of Rs 130-140 per of the issue will be used to expand the production capacity of seamless and welded tubes and pipes, working capital requirements and general corporate company is a stainless-steel tubes and pipes manufacturer, catering to a diverse range of customers like EPC, and industrial companies engaged in oil and gas, chemicals, fertilisers, power, etc. Monarch Networth Capital is the book-running lead manager to the IPO.
Business Standard
21 hours ago
- Business
- Business Standard
Scoda Tubes IPO subscribed 53.78 times
The offer received bids for 63.70 crore shares as against 1.12 crore shares on offer. The initial public offer of Scoda Tubes received bids for 63,70,47,300 shares as against 1,18,46,169 shares on offer, according to stock exchange data at 17:30 IST on Friday (30 May 2025). The issue was subscribed 53.78 times. The issue opened for bidding on 28 May 2025 and it will close on 30 May 2025. The price band of the IPO is fixed between Rs 130 and 140 per share. An investor can bid for a minimum of 100 equity shares and in multiples thereof. The offer comprises a fresh issue of up to 15714286 equity shares at the upper price band of Rs 130 and 16923077 equity shares at the lower price band of Rs 140, aggregating Rs 220 crore. The company proposes to utilize the net proceeds from the issue towards capital expenditure related to expanding production capacity of seamless and welded tubes and pipes amounting to Rs 76.99 crore, funding the part incremental working capital requirements of the company amounting to Rs 110 crore and the balance towards general corporate purposes. The company is expanding capacity of stainless steel seamless products by approximately 10,000 tpa to reach a total capacity of 20,068 tpa and stainless steel welded products by approximately 12,130 tpa to reach a total capacity of 13,150 tpa. The total project cost is Rs 104.984 crore. The seamless manufacturing facility is expected to start commercial production by January 2026 and the welded manufacturing facility is expected to start commercial production by March 2026. As of December 31, 2024, the companys outstanding working capital facility in the form of short-term borrowings is Rs 118.616 crore. Ahead of the IPO, Scoda Tubes on Tuesday, 27 May 2025, raised Rs 65.99 crore from anchor investors. The board allotted 4,714,200 shares at Rs 140 each to 6 anchor investors. Scoda Tubes, incorporated in 2008, is a Gujarat-based manufacturer of stainless steel seamless and welded tubes and pipes. It operates a single manufacturing facility in Mehsana with a strong focus on seamless products, which contribute over 85% of revenue. The company serves both domestic and international markets across industries like oil & gas, chemicals, power, pharma, and transportation, exporting to over 11 countries. Scoda is ISO and PED certified and markets its products under the brand Scoda Tubes. The firm reported a consolidated net profit of Rs 24.91 crore and total income of Rs 361.17 crore for the nine months ended on 31 December 2024.
