Bayer CropScience hits all-time high as Q1 net jumps 86% YoY to Rs 252 cr

Profit before exceptional items and tax came in at Rs 313.8 crore, up 54 per cent YoY.

Shares of Bayer CropScience zoomed as much as 14.48 per cent to hit an all-time high of Rs 6,449 apiece on the BSE on Friday after the company reported encouraging numbers for the quarter ended June 2020 (Q1FY21). 

At 09:26 AM, the stock was trading around 12 per cent higher at Rs 6,305. In comparison, the benchmark S&P BSE Sensex was trading 0.43 per cent lower at 37,863 levels.

For the quarter under review, Bayer CropScience reported an 86 per cent increase in its consolidated net profit at Rs 251.7 crore on better monsoon that helped boost its sales of seeds and