Agro-chemicals firm Dhanuka Agritech on Tuesday reported a 26 per cent increase in net profit at Rs 22.46 for the fourth quarter that ended on March 31, 2014, on account of higher income.
The company had posted a net profit of Rs 17.86 crore for the corresponding quarter a year ago.
Total income from operations during the quarter under review rose to Rs 152.80 crore from Rs 132.32 crore a year ago, the company said in a filing to the BSE.
For the entire fiscal year 2013-14, the firm's net profit increased to Rs 93.13 crore as compared to Rs 64.44 crore in 2012-13.
Total income from operations rose to Rs 739.46 crore from Rs 585.72 crore.
The company's board has recommended a dividend of 100 per cent at the rate of Rs 2 per equity share.
"The consumption of crop protection chemicals is growing at a fast pace in the country with increasing farm incomes and awareness amongst farmers," chairman R G Agarwal said.
Shares in Dhanuka Agritech, on Tuesday, ended at Rs 286.20 apiece on the BSE, up 2.42 per cent from the previous close.
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