Monsanto India gains on returning to profit in Q4

The company reported a net profit of Rs 24.1 crore for March 2016 quarter compared to a loss of Rs 8.3 crore March 2015 quarter

Shares of Monsanto India were up nearly 3% at Rs 2,245 on the Bombay Stock Exchange after the company reported a net profit of Rs 24.1 crore for the quarter ended March 31, 2016 compared to a loss of Rs 8.3 crore in the corresponding quarter last fiscal.

Net sales for the March 2016 quarter increased 26% to Rs 87.1 crore compared with Rs 69.3 crore in the quarter ended March 31, 2015.

The stock opened at Rs 2,250 and touched a high of Rs 2282. At 11:15am, over 120,000 shares were traded on both the stock exchanges.