Agri-biotechnology major Monsanto India today posted 15.64% increase in net profit at Rs 56.24 crore during the first quarter ended June 30 on higher sales.
The company had clocked a net profit of Rs 48.63 crore in the same quarter a year ago.
Total income increased 11.38% to Rs 227.64 crore during the April-June period of this financial year from Rs 204.37 crore in the same period last year, Monsanto India said in a filing to the BSE.
Monsanto India is a subsidiary of the US-based Monsanto engaged in selling agri-inputs. It is the only publicly listed Monsanto entity outside USA.
The company scrip closed 2.59% up at Rs 647.90 on the BSE.
