Cropster Agro: FY25 surge follows board approval

Cropster Agro Limited reported total revenue of Rs. 19,462.90 Lakhs for the financial year 2024-25, a significant increase from Rs. 6,081.17 Lakhs in the previous fiscal year. This growth was driven by a substantial rise in revenue from operations, reaching Rs. 19,429.92 Lakhs. The company's profit before tax also saw a healthy increase, climbing to Rs. 1,341.72 Lakhs from Rs. 1,110.50 Lakhs in FY24.

Net profit for the period stood at Rs. 1,299.22 Lakhs, up from Rs. 1,064.01 Lakhs in the prior year, leading to basic and diluted earnings per share of Rs. 5.20. The company's authorized share capital increased to Rs. 8,400.00 Lakhs, following a bonus issue and sub-division of shares.

The company also announced the appointment of Jaivikkumar Patel as managing director for a five-year term, effective July 21, 2025, with a monthly remuneration not exceeding Rs. 5 Lakhs. Shareholders will vote on borrowing limits up to Rs. 500 Crores.