Dhanuka Agritech Posts 3.4% Rise in Q3 Profit

Dhanuka Agritech Posts 3.4% Rise in Q3 Profit

New Delhi: Dhanuka Agritech Ltd on Thursday reported a 3.42 per cent increase in consolidated net profit at Rs 22 crore for the quarter ended December 2014.

The company had posted a net profit of Rs 21.28 crore for the corresponding period a year ago.

"Dhanuka Agritech reported net sales of Rs 179.04 crore for the quarter ended December 31, 2014 compared to Rs 166.99 crore in quarter ended December 31, 2013, showing 7.21 per cent growth," the company said in a statement.

During the first nine months of this fiscal year, Dhanuka recorded a net profit of Rs 84.18 crore as against Rs 70.67 crore in the corresponding period a year ago.

"Despite adverse agro-climatic conditions during this fiscal, Dhanuka Agritech continues to deliver superior performance," chairman R G Agarwal said.

The company would continue to grow at an increased pace "with our current product mix, ongoing branding initiatives and new product offerings", he said.

Dhanuka Agritech has launched a new product - 'Sempra' - which is a highly effective herbicide in sugarcane, Mr Agarwal said.

The company manufactures a wide range of farm input products. It has technical tie-ups with three American and four Japanese firms.