Comments
Agro-chemicals major Dhanuka Agritech Limited’s net profit in the last quarter of 2015-16 increased 30 per cent to ₹ 28.48 crore from ₹ 21.90 crores for the corresponding period last year.
The company reported growth of 14.75 per cent in net turnover to ₹ 172.37 crore for the quarter ended 31st March (Q4), 2016, compared to ₹ 150.22 crore for the same period last quarter, according to an official release circulated on Tuesday.
Profit before tax increased by 38.69 per cent to ₹ 34.86 crore in Q4 of 2015-16.
“Despite deficient rainfall, price erosion & de-growth of industry, we have seen moderate sales growth across geographies during this fiscal (2015-16). Our newly launched products have performed well. We are well positioned to pursue our strong growth potential,” according to M K Dhanuka, Managing Director, Dhanuka Agritech Limited.
For financial year 2015-16, the company registered a growth of 5.57 per cent in net turnover to ₹ 828.79 crore from ₹ 785.08 crore last year. Net profit increased marginally to ₹107.31 crore in 2015-16 compared to ₹ 106.08 crore in the previous fiscal.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.