Dhanuka Agritech sales up 6% in FY2016

Date:05-27-2016

Indian agrochemical company Dhanuka Agritech reported growth of 14.75% Y-O-Y in Net Turnover at Rs. 172.37 crores for the fourth quarter of FY2016 ended 31st March, 2016 compared to Rs. 150.22crores for the same period last quarter. The company registered 30.05% increase in its PAT(Profit After Tax) for Q4 FY16 to Rs. 28.48crores as against Rs. 21.90crores for the corresponding period last year.

For the FY 2016, the company registered a growth of 5.57% increase Y-O-Y at Rs. 828.79 crores in its Net turnover. The company reported Profit After Tax (PAT) of Rs.107.31crores for FY16 compared to Rs. 106.08 crores for previous fiscal.

Commenting on the annual results, Mr. M.K. Dhanuka, Managing Director, DhanukaAgritech Limited said, “Inspite of deficient rainfall, price erosion & degrowth of industry, we have seen moderate sales growth across geographies during this fiscal. Our newly launched products-SEMPRA and COVER have performed well. We are well positioned to pursue our strong growth potential and are moving forward with introducing our new products.”

He further added, “Forecast of a good monsoon this year, is a good sign of revival for the troubled agriculture sector. It will not benefit only Agriculture and farmers but will give a boost to India’s Economy also.”