– Delivers best ever annual PAT of Rs. 29.9 cr in FY18 on the back of strong volume growth in shrimp feed inclusive of high product acceptability in new markets
– Board recommends dividend of Rs. 1.50 per share
Financial Highlights – Q4 & FY18
Q4FY18 v/s Q4 FY17
FY18 v/s FY17
Chennai, May 25, 2018: The Waterbase Ltd. (TWL), pioneer in the Indian Aquaculture Industry with a focus on driving improvement in shrimp feed manufacturing, farm practices and shrimp processing has announced its financial results for the quarter and year ended March 31, 2018.
Commenting on the results, Mr. Ramakanth V. Akula, CEO said, ”FY18 has been a landmark year for Waterbase. A concerted focus on the shrimp feed business and leveraging our expanded distribution network has led to strong volume growth which, supported by benign raw material prices, has propelled the Company to deliver its highest ever annual profit.
In addition, we have made significant progress towards launching our first Vannamei hatchery even as we concluded the amalgamation with Pinnae Feeds, thereby streamlining our business operations. The year also saw customers responding favorably to our range of farm care products under the brand ‘Baylife’ which has strengthened our competitive offering.
With an enhanced base for shrimp feed, wider distribution network and improved offerings comprising hatchery and ancillary products, we have created a strong platform to address the steadily growing opportunity in the aquaculture industry in India. Our Board has recommended a dividend of Rs. 1.50 per share to sustain the focus on value creation for our stakeholders.”
2018’ in the Shrimp Feed category. This was conferred at the Asian Brand & Leadership
Conclave held on 9th March 2018.
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