Dhanuka Agritech Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023
February 02, 2024 at 03:15 am
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Dhanuka Agritech Limited reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was INR 4,032.44 million compared to INR 3,933.66 million a year ago. Revenue was INR 4,105.23 million compared to INR 4,010.28 million a year ago. Net income was INR 453.69 million compared to INR 460.66 million a year ago. Basic earnings per share from continuing operations was INR 9.95 compared to INR 9.89 a year ago. Diluted earnings per share from continuing operations was INR 9.95 compared to INR 9.89 a year ago.
For the nine months, sales was INR 13,902.32 million compared to INR 13,289.91 million a year ago. Revenue was INR 14,099.13 million compared to INR 13,590.06 million a year ago. Net income was INR 1,800.77 million compared to INR 1,681.98 million a year ago. Basic earnings per share from continuing operations was INR 39.51 compared to INR 36.11 a year ago. Diluted earnings per share from continuing operations was INR 39.51 compared to INR 36.11 a year ago.
Dhanuka Agritech Limited is an India-based agro chemical company. The Company is engaged into the business of manufacturing of pesticides for farmers of India. Its product categories include herbicides, fungicides, insecticides, and plant-growth-regulators. Its herbicides products include TARGA SUPER, NABOOD, SAKURA, DHANUTOP, WEEDMAR SUPER, NOWEED, BARRIER and OZONE. Its fungicides products include LUSTRE, GODIWA SUPER, Vitavax, VITAVAX POWER and HEXADHAN PLUS. Its insecticides products include FOSTER, CALDAN 4 G, CALDAN 50 SP, FAX SC, APPLE, AREVA SUPER, MARKAR and MEDIA SUPER. Its plant growth regulators include WETCIT, SUELO, DHANVARSHA and DHANZYME GOLD GRANULES. The Companyâs distribution network consists of around 6,500 distributors and 80,000 retailers, The Company has three manufacturing units situated at Sanand (Gujarat), Keshwana (Rajasthan) and Udhampur (J&K). The Company's subsidiaries include Dhanuka Agri-solutions Private Limited and Dhanuka Chemicals Private Limited.