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Meghmani Q3 sales up 3%

Indian company Meghmani Organics’ (Ahmedabad) agrochemical sales increased by 2.8% to Rs 915.1 million ($18.5 million at the current rate) in its third quarter ended December 31st 2011. A 13.3% rise in exports, which accounted for over 75% of sales, offset a 22.7% decline in domestic sales. Gross profit went up by 87.7% to Rs 158.7 million ($3.2 million), with the gross profit margin going up from 9.5% to 17.3%.


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