Dhanuka Agritech Limited – Bombay Stock Exchange (BSE: 507717) and National Stock Exchange (NSE: DHANUKA) listed, one of India’s leading plant protection agrochemical formulations Company, today announced its financial results for the Quarter and Half-year ended September 30, 2015.
The Company has registered turnover for the quarter, at Rs.297.94 crores as against Rs.305.93 crores for the same period last year. Dhanuka Agritech reported net profit of Rs.37.72 crores for the quarter ended September 30, 2015 compared to Rs. 41.73 crore for quarter ended September 30, 2014.
For the first six months of this fiscal, Dhanuka Agritech recorded turnover of Rs. 508.94 crores against Rs.505.17 crores in the corresponding period last year. Company reported Net Profit of Rs. 56.28 crores for the six months ended September 30, 2015 as compared to Rs.62.18 crores in the same period in previous fiscal.
Commenting on the performance of the Company, Mr.M.K. Dhanuka, Managing Director of Dhanuka Agritech Limited said that due to rainfall deficit and low commodity prices, there is de-growth for the Agro chemical Industry in first half of this fiscal. Dhanuka has shown better results in comparison to industry average. It is expected that Rabi crop should show positive impact.
About M/s Dhanuka Agritech Limited:
M/s Dhanuka Agritech Limited manufactures a wide range of farm input products to support the farmer in his pursuit for better crop, better farming and better life. The Company has a pan-India presence through its marketing offices in all major states in India, with a network of more than 8,600 distributors & dealers selling to over 80,000 retailers across India and reaching out to more than 10 million farmers. The Company has technical tie-ups with 4 American and 4 Japanese companies.
Dhanuka Agritech is among the top five companies in India, in brand sales. With more than 200 registrations and 500 active SKUs, the company has one of the largest market penetrations. Dhanuka Agritech currently has 30 offices across India and 48 warehouses.
Dhanuka is a preferred brand among progressive farmers. Growth drivers are the intensive marketing network penetrating even the interiors of India, increased farm income, enhanced awareness about the cost-benefit ratio of agro-chemicals, highly diverse product range with solution for almost all problems in all crops, innovative marketing strategies and international technical tie-ups. The Company keeps adding new products every year through its collaborations and is continuously on the lookout to bring the latest technology to Indian Farmers.
Dhanuka Agritech Limited has been listed as among ‘200 Best Under a Billion Companies in Asia Pacific’ for the third time by FORBES magazine in the year 2010, 2011 & in 2013. The company was awarded the INC. India Innovative 100 Award: 2013 in recognition of smart innovation for the newly launched product – Lustre and the ‘Inc India 500 India’s fastest growing Companies under INR 1,500 Cr.’ for two years in succession: FY 2010-11 and FY 2011-12.
The company has recently bagged a place in the prestigious list of India’s exemplary Companies: INC. INDIA – HALL OF FAME– 2014 & also received FICCI Chemicals and Petrochemicals Award for BEST CONTRIBUTION TO ACADEMIA in October, 2014.
