Agri-biotechnology major Monsanto India today posted 11.58 per cent drop in standalone net profit to Rs 62.79 crore in the first quarter of this fiscal.
The company's net profit stood at Rs 71.02 crore in the same quarter corresponding year.
Total income fell marginally to Rs 263.30 crore in the April-June period of 2015-16, from Rs 264.77 crore in the year-ago period, Monsanto India said in a BSE filing.
Monsanto India is a subsidiary of US-based Monsanto, engaged in selling agri-inputs. It is the only publicly listed Monsanto entity outside the US.
Shares of the company closed down at Rs 3,258.95 apiece on the BSE today.
