May 24 2016, 14.51 PM IST || Pocket News Alert
New Delhi, 24 May, 2016: Dhanuka Agritech Limited, Bombay Stock Exchange (BSE: 507717) and National Stock Exchange (NSE:DHANUKA) listed, one of India’s leading Agrochemical formulations Company, today announced Q4 and annual audited financial results for FY 2016.
Dhanuka Agritech registered a growth of 5.57% increase in its Net turnover for the FY16, at Rs. 828.79 crores as against Rs. 785.08 crores for last year. The Company reported PAT of Rs.107.31 crores for FY16 compared to Rs. 106.08 crores for previous fiscal.
Commenting on the annual results, Mr. M.K. Dhanuka, Managing Director, Dhanuka Agritech Limited said, “Inspite of deficient rainfall, price erosion & degrowth of industry, we have seen moderate sales growth across geographies during this fiscal. Our newly launched products-SEMPRA and COVER have performed well. We are well positioned to pursue our strong growth potential and are moving forward with introducing our new products.”
He further added, “Forecast of a good monsoon this year, is a good sign of revival for the troubled agriculture sector. It will not benefit only Agriculture and farmers but will give a boost to India’s Economy also.”
Dhanuka sustained its strong performance in the last quarter of the fiscal. The company reported growth of 14.75% in Net Turnover Rs. 172.37 crores for the quarter ended 31st March, 2016 compared to Rs. 150.22 crores for the same period last quarter and 30.05% increase in its PAT for Q4FY16 to Rs. 28.48 crores as against Rs. 21.90 crores for the corresponding period last year.
About M/s Dhanuka Agritech Limited:
M/s Dhanuka Agritech Limited manufactures a wide range of farm input products to support the farmer in his pursuit for better crop, better farming and better life. The Company has a pan-India presence through its marketing offices in all major states in India, with a network of more than 8,800 distributors & dealers selling to approx. 80,000 retailers across India and reaching out to more than 10 million farmers. The Company has technical tie-ups with 4 American and 4 Japanese companies.
Dhanuka Agritech is among the top five companies in India, in Brand sales. With more than 200 registrations and 500 active SKUs, the company has one of the largest market penetration. Dhanuka Agritech currently has 30 Branch offices across India and 48 warehouses.
Dhanuka is a preferred Brand among progressive farmers. Growth drivers are the intensive marketing network penetrating even the interiors of India, increased farm income, enhanced awareness about the cost-benefit ratio of agro-chemicals, highly diverse product range with solution for almost all problems in all crops, innovative marketing strategies and international technical tie-ups. The Company keeps adding new products every year through its collaborations and is continuously on the lookout to bring the latest technology to Indian Farmers.
Bollywood Superstar Shri. Amitabh Bachchan continues to endorse Dhanuka’s products as Brand Ambassador of the Company.
Visit: www.dhanuka.com