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Agrochemical formulation company Dhanuka Agritech Ltd has posted a marginal increase in its net profit to ₹19.35 crore in the first quarter of the 2016-17, from ₹18.56 crore in the same period last year.
The company registered a 10 per cent increase in net sales to ₹198.40 crore (₹180.41 crore).
“The last two years saw deficient rainfall. However, this year, there has been above normal monsoon in most parts of the country and sales of agro-chemicals have picked up from July. We are confident that the second quarter will be a bumper quarter,” said MD Mahendra Kumar Dhanuka.
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