Monsanto India Q1 net up 26.28 per cent to Rs 71.02 crore

NEW DELHI: Agri-biotechnology major Monsanto India today reported 26.28 per cent jump in net profit to Rs 71.02 crore for the first quarter of current fiscal on the back of higher sales.

The company had reported a net profit of Rs 56.24 crore in the same quarter of the previous fiscal, it said in a filing to the BSE.

The company's net sales rose to Rs 259.39 crore for April-June quarter of 2014-15 fiscal from Rs 223.15 crore in the year-ago period.

However, the company's expenses increased to Rs 184.73 crore from Rs 166.58 crore in the same period.

Monsanto India is a subsidiary of US-based Monsanto, engaged in selling agri-inputs. It is the only publicly listed Monsanto entity outside the US.

In a separate statement, parent firm Monsanto said it represented as one of the experts at the White House in Washington DC in a discussion on using data insights and analysis for better understanding of impact of climate change on global food supply.

The company provided data on corn yields to understand how corn will respond to changes in climate and water availability, it added.