New Delhi: Dhanuka Agritech Limited, Bombay Stock Exchange (BSE: 507717) and National Stock Exchange (NSE:DHANUKA) listed, one of India’s leading Agrochemical formulations Company, today announced Q4 and annual audited financial results for FY 2016.
Dhanuka Agritech registered a growth of 5.57% increase in its Net turnover for the FY16, at Rs. 828.79 crores as against Rs. 785.08 crores for last year. The Company reported PAT of Rs.107.31 crores for FY16 compared to Rs. 106.08 crores for previous fiscal.
Commenting on the annual results, Mr. M.K. Dhanuka, Managing Director, Dhanuka Agritech 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.”
Dhanuka sustained its strong performance in the last quarter of the fiscal. The company reported growth of 14.75% in Net Turnover Rs. 172.37 crores for the quarter ended 31st March, 2016 compared to Rs. 150.22 crores for the same period last quarter and 30.05% increase in its PAT for Q4FY16 to Rs. 28.48 crores as against Rs. 21.90 crores for the corresponding period last year.
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