Nagarjuna Agrichem net profit declines 56.59% in the June 2010 quarter

Net profit of Nagarjuna Agrichem declined 56.59% to Rs 4.94 crore in the quarter ended June 2010 as against Rs 11.38 crore during the previous quarter ended June 2009. Sales rose 2.70% to Rs 140.85 crore in the quarter ended June 2010 as against Rs 137.15 crore during the previous quarter ended June 2009.

Particulars	Quarter Ended
	Jun. 2010	Jun. 2009	% Var.
Sales	140.85	137.15	3
OPM %	11.14	17.63	-37
PBDT	12.64	21.71	-42
PBT	7.26	16.78	-57
NP	4.94	11.38	-57

Nagarjuna Agrichem Limited engages in the manufacture and sale of a range of pesticide technical’s, formulations, and custom manufactured fine chemicals in India. The company’s agrochemical technical grade products include insecticides comprising profenophos, acephate, and dichlorovos; fungicides, including Propiconazole and myclobutanil; and herbicides, such as pretilachlor. It also markets its products in Europe and rest of Asia, the Middle East, Japan, the United States, Australia, and Africa. The company was founded in 1994 and is based in Hyderabad, India. Nagarjuna Agrichem Limited operates as a subsidiary of Nagarjuna Group.