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25 November, 2017 11:30 IST
Dhanuka Agritech quarterly profit rises 5.4%
Source: IRIS | 13 Nov, 2017, 05.06PM
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Dhanuka Agritech announced a small rise in standalone net profit for the quarter ended September 2017. During the quarter, the profit of the company rose 5.41% to Rs 528.10 million from Rs 501 million in the same quarter previous year.

Revenues for the quarter declined marginally 2.44% to Rs 3,497.54 million, compared with Rs 3,585.17 million for the prior year period.

Earnings per share for the quarter stood at Rs 10.76, registering 7.39% growth over previous year period.

The company maintained its growth by registering 11.40% growth in terms of Turnover and growth of 5.41% in its net profit for the Quarter ended 30th September, 2017 in comparison to same quarter last Year.

M. K. Dhanuka, Managing Director, said, ''Your company has registered growth of 11.40 % in terms sales due to new product(s) launch and post GST impact in demand of our products. EBITDA margins are high by 3.18 % compared to last year same quarter EBITDA. Our growth is slow than expected, due to GST and non-favorable agro-climatic conditions. For rest of the quarters of this Financial Year we are hopeful for registering more growth as we are continuously working on improving our product mix, ongoing branding initiatives and new product offerings.''

Shares of the company gained Rs 0.35, or 0.05%, to settle at Rs 649.10. The total volume of shares traded was 232,189 at the BSE (Monday).



Dhanuka Agritech Limited   (Q,N,C,F)*

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