Dhanuka Agritech Limited Q1 FY 15-16 Topline Up 5.90% at Rs.211 crores

Dhanuka Agritech Limited, Bombay Stock Exchange (BSE: 507717) and National Stock Exchange (NSE: DHANUKA) listed, one of India’s leading agrochemical formulations Company, today announced its financial results for the Quarter ended June 30, 2015.

The company maintained its growth by registering 5.90% increase in its turnover for the quarter, at Rs. 211 crores as against Rs.199.24 crores for the same period last year. Dhanuka Agritech reported net profit of Rs.18.56 crores for the quarter ended June 30, 2015 compared to Rs.20.45 crores for quarter ended June 30, 2014.

Commenting on the results and performance, Mr.R.G.Agarwal, Chairman of Dhanuka Agritech Limited said, “Due to El Nino factor, sentiments were low amongst farmers and dealers, due to which there was weak offtake. All our new products have been positively received by the farmers including SEMPRA, which has been recently launched in India for the first time. Dhanuka has created a new category in Indian agchem Industry by providing safe and effective control of very obnoxious weeds and helping the troubled farmer to increase his Sugar-cane yield by 7-12%.”

Dhanuka is delivering value and technology to farmers by distributing Dupont’s Rynaxypyr liquid and Rynaxypyr granules under Brand name ‘Cover’. Dhanuka has over 80 brands in its portfolio. Over 1,500 trained Dhanuka Doctors work as free consultants to farmers and disseminate knowledge to increase yield per hectare and bring world class technology to Indian farmlands.

The Company’s Managing Director, Mr.M.K.Dhanuka commented, “In India, even today, agriculture is heavily dependent on monsoons and so is the sale of plant protection agro-chemicals. We hope to achieve growth in the second quarter, as rainfall has been moderate so far.”