Bayer CropScience PAT turns positive in Q1FY18
DSIJ Intelligence / 09 Aug 2017
Bayer Cropscience reported its results for the quarter ended June 30, 2017 on Wednesday.
Bayer Cropscience reported its results for the quarter ended June 30, 2017 on Wednesday.
The company's total sales for Q1FY18, came in at Rs. 737.1 crore, which represents a 209.7 per cent sequential increase and 13.8 per cent YoY decline.
Its operating profit (EBIT) for the quarter amounted to Rs. 107.6 crore and its EBIT margin stood at 14.6 per cent.
The company reported PAT of Rs. 111.7 crore vs net loss of Rs. 36 crore in the preceding quarter. However, it has posted YoY decline of 14.86 per cent in PAT.
Bayer CropScience Limited is engaged in the manufacturing of insecticides, rodenticides, fungicides and herbicides. The Company offers crop solutions for various crops, such as cotton, fruits, millet, mustard, pulses, rice, soybeans, sugar cane, vegetables and wheat.
The stock today opened at Rs. 4398 and touched an intra-day high and low of Rs. 4411.65 and Rs. 4358, respectively, on the BSE.
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