Dhanuka up 19% in third quarter
Indian agrochemical company Dhanuka Agritech recorded a net sales rise of 19.3% to Rs 1,670 million ($26.9 million at the current rate) in its third quarter ended December 31st. Profit after tax (PAT) was up by 82.1% to Rs 213 million ($3.4 million). The earnings before interest, tax, depreciation and amortisation (EBITDA) margin rose by 4.4 percentage points to 16.1%. Nine-month sales increased by 29.9% to Rs 5,860 million ($94.5 million). PAT for the period rose by over half (51.7%) to Rs 707 million ($11.4 million).