Gujarat Ambuja Exports Limited (NSE: GAEL) is a leading agri-processing company in India. The company is engaged in the production and export of agro-based products such as cotton yarn, maize, soya, and spices. GAEL also operates a wind power plant that generates and sells electricity.
Revenue from Operations for third quarter FY23 was ₹1,129.86 Crore down from ₹1,238 Crore year on year. The Consolidated Net Profit of ₹81.92 Crore, down 22% from ₹105.13 Crore in the same quarter of the previous year. The Earnings per Share is ₹3.57 for this quarter. The Maize Products segment is the largest revenue contributor to the Agro Products segment, accounting for approximately 66% of the total revenue in this quarter. The segment’s revenue has grown consistently over the past few years, and in the Q3 FY23, it was ₹752.69 crore, which was an increase of 10% compared to the previous year. The Agro Processing segment is the second-largest revenue contributor which saw a decrease of 22% down to ₹371.64 crore compared to the previous year.