Madhya Bharat Agro Products · tone and specificity signals across the available quarters.
Language signals
We procured raw material in the last quarter of March when prices were on the process of rising. So that benefit of low raw material procurement got in this first quarter. That is the precise reason for the better EBITDA and better PAT.
We expect at least more than 50% increase in the turnover in coming months. We hope government will also be positive and may take some corrective actions for October, March fixing nutrient base subsidy.
Whatever revenue forecast or guidance we have given, I'm sure we will be able to perform better than what it has been given.
Favorable monsoon, improving rural economy and our strategic supply management are the key contributors to the healthy performance. The company has introduced various ranges of fortified SSP range including NPK 51510 which is being positioned as a substitute of DAP in the market.
We are already examining the proposal for merger at our end and we are talking to the various regulators to merge the businesses and as soon as we get that comfort of merging from the regulatory prospects then we can come forward with the plan of mergers.
The total project investment will be in the range of 700 cr rupees as we have indicated about 200 cr rupees will be spent another 200 cr rupees expected by March and the remaining will be spent in the first half of FY27. So total 700 cr rupees in six we will be spending on these projects.