Bayer Crop shares down nearly 4 pc on muted Q2 results

Shares of Bayer CropScience today fell nearly 4 per cent after the company reported a marginal increase of 2 per cent in net profit for the quarter ended September 30.
The stock declined by 3.54 per cent to Rs 4,350.60 on BSE.
On NSE, it went down by 3.63 per cent to Rs 4,360.
Bayer CropScience yesterday reported a marginal increase of 2 per cent in net profit at Rs 159.1 crore for the second quarter this fiscal on higher sales.
Its net profit stood at Rs 155.8 crore in the year-ago period, the company said in a regulatory filing.

Income from operations rose to Rs 1,160 crore during July-September quarter as against Rs 1,055.2 crore in the corresponding period of the previous fiscal.
Bayer is a global enterprise with core competencies in the life science fields of healthcare and agriculture. In India, Bayer CropScience is into seed and crop protection business.