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India - Bayer CropScience posts Rs 17,396 Mn revenue from operations in Q1FY 2023-24qrcode

Aug. 8, 2023

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Aug. 8, 2023

Bayer CropScience Limited (BSE: 506285) announced  its unaudited results for the first quarter (Q1) of Financial Year (FY) 2023-24. For Q1 ended June 30, 2023, the Company registered Revenue from Operations of ₹17,396 million, compared to ₹16,674 million in the corresponding period of FY 2022-23. Profit Before Tax for the quarter stood at ₹4,061 million, compared to ₹3,823 million in the corresponding quarter of the previous financial year.

Commenting on the quarterly results, Simon-Thorsten Wiebusch, Executive Director, Bayer CropScience Limited said, ″In Q1 of FY2023-24 despite the impact of delayed monsoon we continued to see strong growth in Sales and liquidation of our Crop Protection portfolio. As expected, we witnessed Roundup™ price normalization impacting the overall Sales growth of the quarter. Corn seeds continue to yield strong results with volume growth driven by portfolio and better acreages in Kharif.″

Simon Britsch, Chief Financial Officer, Bayer CropScience Limited, while speaking about the quarterly results said, ″We have delivered modest reported Revenue from Operations growth of 4% for the quarter and adjusted for the effect of customer incentive programs, we delivered a Revenue from Operations growth of 9% for the quarter despite normalization of Roundup™ pricing. We have continued to proactively manage costs and invest in targeted growth opportunities resulting in increased Profit Before Tax by 6%.″

[ Survey ]

How much inventory do you still have?

 Soaring or falling prices of bulk agri-inputs in the short term is not conducive to ensuring the stability of agricultural production, AgroPages hopes to use our media features to help the industry correct prices and keep them as reasonable as possible.
"Inventory" is undoubtedly one of the key factors affecting the market trend price fluctuations this year, and the speed of inventory reduction will also affect the market trend in the second half of the year and maybe next year, so we launched this "inventory survey" with the intention of assisting the industry to make a clearer situation judgment in the critical period of this 2 months. Readers who participate in this survey and carefully answer all questions, we will send you the final research results (without company or personal information).
  1. 1. Please let us know your position in the agrochemical industry
    • Manufacturer
    • Trading company
    • Wholesaler
    • Distributor
    • E-commerce
    • Retailer
    • Farmer
    • Other (Please specify)

  2. 2. What is your main product category?
    • Herbicide
    • Fungicide
    • Insecticide
    • Fertilizer
    • Biosolution
    • Other (Please specify)

  3. 3. Could you introduce your inventory rate?
    • Inventory has been emptied
    • 10%
    • 20%
    • 40%
    • 100%
    • 140%
    • Other(please specify)

  4. 4. What was the safety inventory ratio for the same period in previous years?
  5. 5. What products do you have in large stock?
    • Glyphosate
    • Diquat
    • Imidacloprid
    • Abamectin
    • Chlorothalonil
    • Azoxystrobin
    • Other(please specify)

  6. 6. Which products will you prioritize in initiating procurement? Approximately when it will happen?
  7. 7. Is there currently a shortage of supply for any products? Please list product names.
  8. 8. Please submit the contact informaiton
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