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Bayer CropScience surges on robust Q1 earnings

Operating margins improved to 15% in Q1 FY13 from 10% in year ago quarter

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SI Reporter Mumbai
Last Updated : Jan 20 2013 | 4:33 AM IST

Bayer CropScience has surged 15% to Rs 892 on reporting 78% year-on-year (yoy) growth in net profit at Rs 88.74 crore for the quarter ended June 2012 on the back of higher operational income. Net sales grew 17% at Rs 921 crore on y-o-y basis.

EBITDA (earnings before interest, taxes, amortization and depreciation) margins improved substantially to 15% in Q1 FY13 from 10% in the corresponding quarter of previous fiscal.

The stock opened at Rs 806 and hit a high of Rs 897 on the NSE. The counter has seen huge trading volumes, with a combined around 293,000 shares changing hands so far, against an average of less than 10,000 shares that were traded daily in past two weeks.

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First Published: Jul 26 2012 | 2:28 PM IST

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