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Dhanuka Agritech net profit down 9% in Q2 FY 2015-16
Nov. 11, 2015
Dhanuka Agritech Ltd.
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Dhanuka Agritech Ltd reported a decline of 9.6% in net profit at Rs 377.2 million for the quarter ended September 30, 2015. The company had reported a net profit of Rs 417.3 million in the corresponding period last year.
It has registered a lower turnover for the quarter at Rs 2,702.3 million as against Rs 2,832.6 million for the same period a year ago.
Revenue of the first half year slipped by 1.6% to Rs 4,506.7 million, and net profit was down by 9.5% to Rs 562.7 million.
M K Dhanuka, Managing Director of Dhanuka Agritech, said that due to rainfall deficit and low commodity prices, there is de-growth for the agrochemical industry in first half of this fiscal.
Dhanuka Agritech manufactures a wide range of farm input products. It has technical tie-ups with four American and four Japanese companies.
Source: indiatimes
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