In a difficult pandemic year we continued to drive robust growth with Revenue fromOperations of Rs 42613 million and Profit Before Exceptional Items & Tax of Rs7894 million.
I am pleased to present you with the 63rd Annual Report for Bayer CropScience Limited.The report looks back on the Financial Year 2020-21 one of the most unprecedented yearsin recent times due to the COVID-19 pandemic.
Last year saw entire countries economies industry sectors companies communitiesand families grappling with the sudden onslaught of the pandemic. Existing norms forday-to-day business operations had to be overhauled and adapted to a new normal. Goodhealth and nutrition came into the spotlight as areas that required a renewed focus atnational local and individual levels. As a leading player in Indian agriculture yourCompany continued to support farmers with essential agri-inputs crop advisory and marketlinkages along with additional support to tide through the challenges arising from thepandemic. While frontline workers worked hard to protect people from the scourge of COVIDfarmers played a crucial role in ensuring sufficient food production and availability. In2020-21 we launched several new initiatives to enhance farmer incomes and rurallivelihoods. Through projects such as Food Chain Partnerships' andBetter Life Farming' your Company was able to support smallholder farmers withaccess to innovative agri-inputs modern technologies training and capacity building.Agriculture will always remain an important contributor to India's economic growthand Bayer CropScience Limited is well positioned to support the needs of Indian farmers.
In a difficult pandemic year we continued to drive robust growth with Revenue fromOperations of
Rs 42613 million and Profit Before Exceptional
Items & Tax of Rs 7894 million. Seven new products were launched in 2020: four inCrop Protection two in Hybrid Seeds and one in Environmental Science. Besides businessgrowth we supported our local communities frontline workers farmers businesses andemployees with pandemic relief measures.
AswelookaheadandhopefortheCOVIDsituation to improve on behalf of the Board ofDirectors I sincerely thank our Shareholders Banks & Financial InstitutionsDistributors and Farmers for partnering with us. I would also like to thank our employeesfor their remarkable resilience and ownership in ensuring business continuity. We count onyour continued support trust and partnership.
|Best wishes |
|Pankaj Patel |
|Chairman & Non-Executive Independent Director |