Monsanto India Q4 profit up 66%

Date:05-16-2018

May 15, Monsanto India reported 66 per cent rise in net profit at ₹ 53.14 crore for the quarter ending March on higher sales. Its net profit stood at ₹ 31.93 crore in the year-ago period.

Total income also increased to ₹ 161.18 crore in the fourth quarter of last fiscal from ₹ 147.65 crore in the corresponding period of the previous year.

During the last fiscal, net profit rose to ₹ 164.56 crore from ₹ 151.44 crore in the 2016-17 financial year.

Total income rose to ₹ 689.34 crore in the 2017-18 fiscal from ₹ 658.67 crore in the previous year.

Monsanto India, which sells agri-inputs like seeds, said the board at its meeting held today has recommended a final dividend of ₹ 15 per share for the last financial year.