Parker Agro Chem Exports

Parker Agrochem Exports is a publicly listed company that is mainly engaged in the business of renting out its storage tank farm. It owns fourteen storage tanks for petroleum and edible oil, which are equipped with pipelines for direct loading and unloading from ships at Kandla port. The income from renting these tanks is a major part of its total earnings, which it secures by making firm contracts with reliable companies. Besides renting storage tanks, the company is also involved in the business of trading commodities, which includes gold, silver, shares, and securities. To grow its business, the company plans to explore new trading opportunities in different agricultural products and metals. This business approach resulted in an increase in profit before tax to ?101.76 Lakhs for the 2023-24 financial year, a rise from ?65.27 Lakhs previously.;