Dhanuka Agritech's net turnover up 26.81 % to Rs 738.41 crores for FY14

India’s agrochemical company Dhanuka Agritech registered an increase of 26.81% in net turnover at Rs.738.41 crores for the FY14 ended 31 March. The PAT boosted 44.52 % to Rs.93.14 crores y-o-y. “This year’s good rainfall has resulted in robust Kharif and Rabi crops in India,” said the company.

Dhanuka has sustained its strong performance in the fourth quarter of the FY14. The company posted net turnover of Rs.151.88 crores and PAT of Rs.22.46 crores in this quarter, up by 15.79% and 25.69% respectively.

Commenting on the results and performance, the Chairman of the Company, Shri R.G.Agarwal said, “The consumption of crop protection chemicals is growing at a fast pace in India too, with increasing farm-incomes and awareness amongst farmers. Indian agriculture has a very bright future and so do crop- protection chemical companies like Dhanuka. It is expected that Dhanuka will continue to perform better than Industry average.

The Company has introduced new products - Danfuron, Defend, Maxyld, Protocol and Media Super in current fiscal and is expecting good growth to be contributed by these products in future. Six new first-time registration, exclusive products are in pipeline and it is expected that the company will launch two products every fiscal. Dhanuka has over 1,500 trained Dhanuka Doctors working as free consultants to farmers, who disseminate knowledge to increase yield per hectare and bring world class technology to Indian farmlands.