Agro-chemical firm Dhanuka Agritech today posted a flat net profit at Rs 16.18 crore for the first quarter of the 2018-19 fiscal.
Its net profit stood at Rs 16.13 crore in the same quarter of the last financial year, the company said in a regulatory filing.
Net income declined marginally to Rs 221.54 crore during April-June quarter of the current fiscal from Rs 224.41 crore in the year-ago period.
Expenses remained slightly lower at Rs 200.42 crore as against Rs 201.55 crore in the said period.
Dhanuka Agritech Managing Director M K Dhanuka said, "The company's slow growth in sales and profits may be attributed to uneven distribution rainfall."
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