Dhanuka Agritech Limited net profit up 30.20% in Q2 FY 14-15

Dhanuka Agritech Limited announced its Q2 financial results for the Quarter and Half-year ended September 30, 2014. The revenue of the Company for the Q2 of 2015 stood at Rs.283.26 crores as against Rs.253.44 crores for the same quarter last year, up by 11.77%. Net profit maintained its growth by registering 30.20% increase at Rs.41.73 crores as against Rs.32.05 crores for the same period last year.

 

Commenting on the performance of the Company, Mr.M.K.Dhanuka, Managing Director, Dhanuka Agritech Limited said, “During this quarter, despite the weak rainfall, Dhanuka Agritech has achieved growth in its turnover and net profits. Our key products continue to perform well and gain market share. We are well positioned to pursue our strong growth potential and are moving forward with introducing our new products. ‘Mortar’, a new 9(3) registered product that has been developed in-house was launched for the first time in India, in this quarter.”   

 

The Company has also launched ‘Oxykill’ a highly effective weedicide, that can be used on Onion crop for control of various weeds. 

 

For the first six months of this fiscal, Dhanuka Agritech recorded net profit of Rs.62.18 crores against Rs.49.40 crores in the corresponding period last year, a growth of 25.87%. Net revenue of the company for the six months ended September 30, 2014 stood at Rs.458.06 crores compared to Rs.419.63 crores in the same period in previous fiscal, up by 9.16%.