Dhanuka Agritech Q2 net down 9% at Rs 37.72 cr

Dhanuka Agritech Ltd today reported a decline of 9.6 per cent in net profit at Rs 37.72 crore for the quarter ended September 30.

The company had reported a net profit of Rs 41.73 crore in the corresponding period last year.

It has registered a lower turnover for the quarter at Rs 297.94 crore as against Rs 305.93 crore for the same period a year ago, a statement said.

MD Dhanuka Agritech, M K Dhanuka, said that due to rainfall deficit and low commodity prices, there is de-growth for the agrochemical industry in first half of this fiscal.

Dhanuka Agritech manufactures a wide range of farm input products. It has technical tie-ups with four American and four Japanese companies.