Meghmani Q2 sales up 26%
Indian company Meghmani Organics’ (Ahmedabad) agrochemical sales went up by 26.4% to Rs 1,378.8 million ($31.1 million at the current rate) in its second quarter ended September 30th 2010. Domestic sales shot up by 37.7% to Rs 774 million ($17.4 million). Exports grew by 14.3% to Rs 604.8 million ($13.6 million). Gross profit, however, dipped 26.9% to Rs 241 million ($5.4 million) as a result of pressure on price realisation.