Dhanuka Agritech Q4 Net Up 26 Per Cent at Rs 22.46 Crore

Agro-chemicals firm Dhanuka Agritech on Tuesday reported a 26 per cent increase in net profit at Rs 22.46 for the fourth quarter that ended on March 31, 2014, on account of higher income.

The company had posted a net profit of Rs 17.86 crore for the corresponding quarter a year ago.

Total income from operations during the quarter under review rose to Rs 152.80 crore from Rs 132.32 crore a year ago, the company said in a filing to the BSE.

For the entire fiscal year 2013-14, the firm's net profit increased to Rs 93.13 crore as compared to Rs 64.44 crore in 2012-13.

Total income from operations rose to Rs 739.46 crore from Rs 585.72 crore.

The company's board has recommended a dividend of 100 per cent at the rate of Rs 2 per equity share.

"The consumption of crop protection chemicals is growing at a fast pace in the country with increasing farm incomes and awareness amongst farmers," chairman R G Agarwal said.

Shares in Dhanuka Agritech, on Tuesday, ended at Rs 286.20 apiece on the BSE, up 2.42 per cent from the previous close.