The stock dipped 8% to Rs 3,865 on the BSE after the agrochemicals company reported 25% drop in its net profit at Rs 1,427 million in September quarter, due to lower operational income.
Growth may pick up in FY19 on new products, normalising of inventory
Growth is expected to pick up after a weak June quarter
The board will meet on June 6 to consider a proposal for buy back of the company's equity shares.