Dhanuka Agritech

Agrochemicals company Dhanuka Agritech on Friday reported a 48.45 per cent growth in profit after tax to Rs 48.90 crore during the June 2024 quarter. The company's profit after tax (PAT) stood at Rs 32.94 crore during the corresponding quarter of the previous financial year, Dhanuka Agritech said in a statement. Its revenue from operations grew 33.73 per cent during the quarter under review to Rs 493.58 crore compared to Rs 369.07 crore in the year-ago period. "The year has started on a positive note and we have witnessed decent demand for all our product categories during the first quarter. "The timely arrival of the monsoon and dwindling inventory levels have contributed to increased orders from the distribution network, setting a positive trajectory for the company," Dhanuka Agritech Vice Chairman and Managing Director Mahendra Kumar Dhanuka said. The sowing season is in full swing in July and the sowing acreages for major crops are expected to be higher in the ongoing season,

Agrochemical firm Dhanuka Agritech on Tuesday reported a 39 per cent rise in its net profit to Rs 101.77 crore in the September quarter. Its net profit stood at Rs 73.02 crore in the year-ago period. Total income rose 14 per cent to Rs 617.92 crore in the July-September period of from Rs 542.90 crore a year ago, the company said. "The company did reasonably well during challenging times amid erratic rainfall, falling prices, and subdued exports demand," Dhanuka Agritech Managing Director M K Dhanuka said in a statement. The uneven rainfall in the country also impacted our revenue and bottom line, he said. "We are cautiously optimistic about the demand in the remaining part of the fiscal year amid El Nino conditions and global inventory in the agrochemicals," he said. The demand for agrochemicals is expected to improve in the third quarter of the fiscal onwards, the MD noted. "In the backdrop of higher MSPs for the rabi crop announced by the government, and increased water levels

Agro chemical firm Dhanuka Agritech Ltd on Wednesday reported a 33 per cent decline in its consolidated net profit at Rs 32.93 crore in the first quarter of this fiscal year. Its net profit stood at Rs 49.11 crore in the year-ago period. Total income also fell to Rs 375.71 crore in the April-June period of 2023-24 from Rs 409.57 crore in the corresponding period of the previous year, according to a regulatory filing.

Agrochemical firm Dhanuka Agritech on Thursday reported a 20 per cent increase in consolidated net profit to Rs 65.30 crore for the quarter ended March 2023 on higher income. Its net profit stood at Rs 54.40 crore in the year-ago period. The total revenue rose to Rs 385.97 crore in the fourth quarter of the last fiscal from Rs 330.48 crore in the preceding year, according to a regulatory filing. Net profit increased to Rs 233.50 crore in the 2022-23 fiscal from Rs 208.89 crore in FY22. Its total revenue surged to Rs 1,744.97 crore in the last fiscal from Rs 1,511.36 crore. "Dhanuka Agritech has achieved a turnover of Rs 1,700 crore first time in its history. The net profits are Rs 233 crore, which is the highest since the inception of the company. This achievement is commendable despite all odds," Dhanuka Agritech Vice Chairman and Managing Director MK Dhanuka said in a statement. He said the rainfall was erratic in Karif and Rabi seasons. "The pest infestation was also low due

Agro-chemical firm Dhanuka Agritech on Wednesday said it has made investments in two startups so far and is open to invest in more such companies to support young entrepreneurs in the agriculture sector. In 2021, Dhanuka Agritech announced an investment of Rs 30 crore in Gurugram-based agri drone manufacturer IoTechWorld Avigation for a minority stake. "We have made investments in two startups. There are many young entrepreneurs who have great products and technologies. We are ready to support," Dhanuka Group Chairman R G Agarwal told reporters here. He said the company would invest in more such startups if it finds right opportunity. Agarwal said IoTechWorld has a lot of order book as drones are now increasingly being used in the agriculture sector for spraying pesticides and other activities. The second startup where Dhanuka has invested makes IoT- and AI-based equipments for farm sector like soil sensor, he added. Agarwal made a strong pitch for the integration of technologica

Agrichemical firm Dhanuka Agritech on Friday reported an 8 per cent growth in consolidated net profit at Rs 46.07 crore for the quarter ended December on higher income. Its profit stood at Rs 42.52 crore in the year-ago period. The company's revenue rose 10 per cent to Rs 393.37 crore in the third quarter of this fiscal, from Rs 356.86 crore in the corresponding period of the previous year, according to a statement. "Dhanuka had reasonable growth in the top line in spite of the odds in the industry. The climatic conditions were not favorable for insecticide usage. "There was excessive rainfall in the month of October which led to delayed harvesting and delayed sowing of Rabi crops," said M K Dhanuka, Managing Director, Dhanuka Agritech. The insect attack was very less due to which the consumption of insecticide has been impacted, he added. "Overall the prices were declining and the company was having a high-cost inventory. So, we were not able to pass on this high cost to the cons

Dhanuka Agritech Ltd on Monday said its buyback offer for shares worth Rs 85 crore will open on December 26. The buyback will close on January 6, 2023, the company said in a regulatory filing. The company has proposed to buy back 10 lakh shares of face value of Rs 2 each at Rs 850 per share for an aggregate amount of Rs 85 crore through a tender offer process. The board approved the buyback of shares in a meeting held on November 1, 2022.

Agro chemicals firm Dhanuka Agritech Ltd on Tuesday posted a 15.22 per cent jump in consolidated net profit at Rs 73.02 crore for the second quarter ended September, mainly on the back of higher income. The Gurugram-based company had reported a net profit of Rs 63.37 crore in the same quarter previous fiscal, according to a regulatory filing. The company also said its board has approved buying back 10 lakh shares at Rs 850 a share, or up to Rs 85 crore. The buyback would subject to all applicable statutory approvals. Net income increased 23 per cent on a consolidated basis to Rs 548.39 crore in the latest September quarter. In the year-ago period, the same stood at Rs 445.75 crore. Expenses remained higher at Rs 450.42 crore as against Rs 361.41 crore in the year-ago period. The board has fixed November 18 as the record date for the buyback offer. Shares of the company rose 1.51 per cent to Rs 737.70 in afternoon trade on BSE.

According to the technical analyst from Anand Rathi, CSB Bank can rally to Rs 240, while Dhanuka can surge to Rs 790.

Exporters could do better as domestic firms are hit by monsoon delay, inventories

Agro-chemicals firm Dhanuka Agritech Ltd reported a six per cent increase in its consolidated net profit to Rs 42.51 crore for the quarter ended December.

Agro-chemical firm Dhanuka Agritech on Friday reported 17 per cent jump in its consolidated net profit to Rs 70.08 crore for the second quarter this fiscal on strong sales

The stock had hit a 52-week high of Rs 935 on July 20, 2020.

The board of directors of the company is scheduled to meet on July 22, 2020, to consider and evaluate the proposal for buyback of equity shares

These companies reported an increase in revenue and/or profit before tax for the March quarter

The stock hit a 52-week high of Rs 667. It has rallied 15% in the past four trading days, as compared to a 3.9 per cent decline in the S&P BSE Sensex.

Coromandel International, PI Industries may be some of the beneficiaries

The stock was up 2.3% at Rs 744, extending its Thursday's 7% surge on the National Stock Exchange.

The stock rallied 6% to Rs 594 on the BSE in early morning trade.