Dhanuka Agritech posts 55 per cent jump in Q1 Net

NEW DELHI: Agro-chemicals manufacturer Dhanuka Agritech today posted 55 per cent increase in its net profit at Rs 17.34 crore for the first quarter ended on June 30, on account of higher sales.

It had clocked a net profit of Rs 11.20 crore in the same quarter last fiscal, the company said in a filing to the BSE.

Total income of the company increased to Rs 116.18 crore during the April-June period of the current fiscal from Rs 107.86 crore in the same period last fiscal.

The company saw increase in profit as total sales increased to Rs 166.13 crore from Rs 107.20 crore during the period under review.

Dhanuka has around 80 brands in its portfolio and has retail and dealer base of almost 70,000. It has long term tie-ups with leading global agrochemicals companies like Nissan, DuPont, Sumitomo, Hokko, FMC, Chemtura among others.

Dhanuka Agritech scrip ended at Rs 139.35 on the BSE, up 1.01 per cent against the previous close.