Dhanuka down 1% in fourth quarter
Indian agrochemical company Dhanuka Agritech recorded a net sales drop of 1.1% to Rs 1,502.2 million ($23.6 million at the current rate) in its fourth quarter ended March 31st 2015. Profit after tax was down 2.3% to Rs 219.5 million ($3.5 million). Buoyed by the 8.6% rise in nine-month sales, net annual turnover was up 6.3% to Rs 7,850.8 million ($123.6 million). Profit after tax for the year grew 13.9% to Rs 1,061.3 million ($16.7 million). “In spite of deficient rainfall, we have seen moderate growth in this fiscal. Our key products continue to add to the top line,” says chairman R G Agarwal.