Dhanuka Agritech net profit down 9% in Q2 FY 2015-16

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.