Dhanuka Agritech Q1FY23 PAT rises 1.05% yoy to Rs49.11 crore; Stock rises

5 Aug 2022 , 01:04 PM

Dhanuka Agritech Limited, one of the leading agri input companies in India has reported financial results for the first quarter of 2022-23 financial year.

Gurugram-headquartered firm clocked Rs49.11 crore profit during April-June quarter of FY23, up 1.05 per cent from the same quarter of the previous fiscal year.

As per the filing, Total income grew 10 per cent to Rs409.58 crore in the first quarter of this fiscal from Rs371,54 crore in the corresponding period of FY’22.

Commenting on the Q1 performance, R G Agarwal, Chairman of Dhanuka Agritech said, “Due to uneven rainfall in East and North region and flooding rains in South and West this year, impacted the 1st Quarter of the Company badly. Now, the rainfall has covered most of India in July except for the East region, therefore, we expect that rest of the year should be fruitful for the Company.”

At around 1:02 PM, Dhanuka Agritech was trading at Rs696.25 per share up by Rs4.55 or 0.66% from its previous closing of Rs691.70 per share on the BSE.