Dhanuka Agritech settles higher by 6% on Sensex after strong Q4 result; PAT rises by 46%

The agrochemical company, Dhanuka Agritech recorded growth in both top-line and bottom-line front during March 2020 (Q4FY20) quarter. Dhanuka posted a consolidated net profit of Rs39cr in Q4, rising by a whopping 46% from Rs26.75cr in the corresponding period of the previous year. The Q4 PAT was also higher from Rs27.67cr of the preceding quarter.

Consolidated revenue from operations came in at Rs227.57cr during the quarter, increasing by 18.1% compared to Rs192.71cr a year ago same period.

For FY20, the company's net profit grew to Rs141.34cr compared to Rs112.57cr of FY19. While revenue stood at Rs1,120cr against Rs1,005.83cr of FY19.

In its financial audit report, Dhanuka said, "Management believes that being into an essential commodity, there is no significant impact of COVID-19 pandemic on the current and future business operations of the Group, financial statements liquidity position and cash flows and has concluded that no material adjustments are required in the financial statements. The Group continues to closely monitor the rapidly changing situation."

On Sensex, the Dhanuka stock finished at Rs636.50 per piece, higher by 6.46%.