eka — one; bhāgavata — in relation to the Supreme Lord; baḍa — great; bhāgavata-śāstra — Śrīmad-Bhāgavatam; āra — the other; bhāgavata — in relation to the Supreme Lord; bhakta — pure devotee; bhakti-rasa — of the mellow of devotion; pātra — the recipient.
Translation:
One of the bhāgavatas is the great scripture Śrīmad-Bhāgavatam, and the other is the pure devotee absorbed in the mellows of loving devotion.