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Dhanuka Agritech net profits up by 18% in Q1 FY2015
Sep. 3, 2014
Dhanuka Agritech Ltd.
IndiaFollow
India
Dhanuka Agritech, one of India’s leading agrochemical formulations company, has maintained its growth by registering net turnover of Rs.172.91 crores for the quarter ended June 30, 2014 as compared to Rs.166.13 crores for the corresponding period last year. The Company has reported 17.87% increase in its net profits for the first quarter at Rs.20.45 crores against Rs.17.35 crores for the corresponding quarter of last year.
Commenting on the results and performance, Mr. R. G. Agarwal, Chairman of Dhanuka Agritech Limited said, “The turnover and Net Profits of Dhanuka Agritech Ltd. have grown during the first quarter despite 47% deficient rains till June end. The sale of plant-protection agro-chemicals depends on arrival of monsoon, since agriculture in India is still heavily dependent on monsoon. The season has been delayed by one month due to late arrival of rains. The Company hopes to perform better in second quarter. We are delighted that we have received registrations for two new, scientifically advanced products recently and they will be launched soon for the first time in India, for the benefit of the Indian farmers.”
The Company has received first-time registration for two new, exclusive products u/s 9(3) of the Insecticides Act, 1968 from Central Insecticides Board. These are “Mortar” (Insecticide) and “Sakura” (herbicide). The Company plans to launch its prestigious new product “Sempra” under Section 9(3) for the first time in India before the beginning of Rabi season. It is expected that these technologically advanced, high-efficacy products will contribute to the robust growth of Indian agriculture and food production. Dhanuka has focused on providing value for money, high quality products to Indian farmer, even in interior and remote parts of India.
Source: Dhanuka Agritech
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