Dhanuka Agritech Posts 30 Per Cent Rise in Q2 Profit

New Delhi: Dhanuka Agritech on Thursday reported a 30 per cent rise in net profit at Rs 41.73 crore for the second quarter that ended on September 30, 2014, on account of an increase in revenues.

The agrochemicals firm had clocked a net profit of Rs 32.05 crore for the corresponding period a year ago.

Dhanuka in a statement said its revenue increased to Rs 283.26 crore in the quarter under review as against Rs 253.44 crore in the quarter ended September 2013 - an increase of 11.77 per cent.

"During the quarter, despite weak rainfall, Dhanuka Agritech has achieved growth in its turnover and net profits. Our key products continue to perform well and gain market share," managing director M K Dhanuka said.

Dhanuka Agritech manufactures a wide range of agro-chemicals such as herbicides, insecticides, fungicides and miticides as well as plant growth regulators in various forms - liquid, dust, powder and granules.

The company has technical tie-ups with three American and four Japanese companies.