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Monsanto India Q3 profit up 7% at Rs 63 cr

Press Trust of India  |  New Delhi 

Monsanto India today reported a 7 per cent increase in its consolidated net profit to Rs 63.34 crore for the quarter ended December 2017.

Its net profit stood at Rs 59.28 crore in the year-ago period, the company said in a regulatory filing.

Total income also rose to Rs 187.65 crore in the third quarter of this fiscal from Rs 162.43 crore in the corresponding period of the previous year.

Monsanto India is a subsidiary of US-based biotech major Monsanto, which is globally being acquired by Bayer group.

German chemical and pharma major Bayer had recently said that it expected fair trade regulator CCI's nod by April or May for the USD 66-billion acquisition of Monsanto.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, February 06 2018. 16:40 IST