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Monsanto India Q1 net profit up 15 pc to Rs 76 cr

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Press Trust of India New Delhi

Seed firm Monsanto India on Wednesday posted a 15.11 per cent jump in net profit at Rs 76 crore for the first quarter of 2019-20 on higher sales.

Net profit stood at Rs 66.02 crore in the corresponding quarter of the previous financial year, the company said in a BSE filing.

The company's total income rose to Rs 298.34 crore during the April-June period of the current fiscal, compared to Rs 264.41 crore in the year-ago quarter.

Global chemical and pharma major Bayer has acquired the US-based Monsanto for USD 63 billion.

Shares of Monsanto India fell 1.64 per cent to settle at Rs 2,026.05 on the BSE on Wednesday.

 

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First Published: Jul 24 2019 | 6:55 PM IST

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