Bayer makes Rs 170 crore profit in Sept quarter after merger with Monsanto

In Kharif, corn and veggies crops also helped

Bayer CropScience has posted a profit of Rs 169.8 crore for the quarter ended September 2019, following brisk business in the Kharif season. The healthy result was also aided by the merger with Monsanto India Ltd, and the adoption of the new tax regime.

The company has computed income tax at the revised rate (at 25.17 per cent, inclusive of surcharge and cess) this financial year.

The merged entity includes Bayer Crop Science and Monsanto’s listed and unlisted businesses. 

The profit after tax for the merged entity in the September quarter stood at Rs 169.8 crore as against Rs 166.8 crore in the