Dhanuka Agritech Q3 net profit up 3.4 per cent at Rs 22 crore

NEW DELHI: Agrochemicals firm Dhanuka Agritech Ltd today reported a 3.42 per cent increase in consolidated net profit at Rs 22 crore for the quarter ended December, 2014 this fiscal.

It had posted Rs 21.28 crore in the year-ago period. "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, Dhanuka recorded net profit of Rs 84.18 crores against Rs70.67 crores in the corresponding period of previous year.

Commenting on the results, company's Chairman RG Agarwal said: "Despite adverse agro-climatic conditions during this fiscal, Dhanuka Agritech continues to deliver superior performance."

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

Agarwal said the company has launched a new product ' Sempra which is a highly effective herbicide in sugarcane.

Dhanuka Agritech manufactures a wide range of farm input products. The company has technical tie-ups with 3 American and 4 Japanese firms.