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 its Q3 financial results for the Quarter and Nine Monthsended31stDecember, 2015.
The Company maintained its growth by registering 15% increase in its Revenue for the quarter, at Rs.205.99 crores as against Rs.179.12 crores for the same period last year. DhanukaAgritech reported PAT of Rs.22.55 crores for the quarter ended December 31, 2015 compared to Rs.22.00crores for Quarter ending December 31, 2014.
Commenting on the results and performance, Mr. M.K. Dhanuka, (Managing Director), DhanukaAgritech Limited said, “DhanukaAgritech continues to achieve growth during this quarter as well. Despiteadverse agro-climatic conditions, we have achieved superior sales growth. All our products have done well including the newly launched product-SEMPRA and COVER. South and West zones are our key markets and have done well.”
He further added, “In India, even today, agriculture is heavily dependent on monsoons and so is the sale of plant protection agro-chemicals. We hope to achieve sustainable growth in the next quarter.”
For the nine months period ending December 31, 2015, DhanukaAgritech recorded net profit of Rs.78.83 crores against Rs.84.18 crores in the corresponding period last year. The company’s sales growth stood 3.40% for the nine month period ending December 31, 2015.
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