Sharda Cropchem reports 34.10% rise in net profit in Q4 FY20  

      Net profit of Sharda Cropchem rose 34.10% to Rs 141.65 crore in the quarter ended March 2020 as against Rs 105.63 crore during the previous quarter ended March 2019. Sales rose 14.71% to Rs 875.56 crore in the quarter ended March 2020 as against Rs 763.30 crore during the previous quarter ...Read more

Zuari Agro posts net loss of Rs 304.60cr in Q4 FY20

The fertilizer company Zuari Agro Chemicals traded on a negative note during Monday's trading session after the company announced a consolidated net loss of Rs304.60cr for the March 2020 (Q4FY20) quarter. The latest Q4 net loss has widened from a year ago same period where the loss stood at Rs255.17cr.  The ...Read more

Gujarat State Fertilizer reports a decline of 37 % in Q4 profit

Gujarat State Fertilizer and Chemicals (GSFC) posted a 36.82 per cent decline in consolidated profit after tax for the March quarter at Rs 61.85 crore. The Company’s PAT for the corresponding period of the previous fiscal stood at Rs 97.91 crore, it said in a BSE filing.  Total income for the quarter u...Read more

RCF records sales value of Rs 100 cr during April-May 2020

Rashtriya Chemicals and Fertilizers (RCF) registered sales of Rs100cr for its industrial chemical segment during the first two months of FY21. Industrial chemical segment accounts for nearly 7% of the annual sales reported by the company in FY20. This is the lowest contribution from the segment, as compared to the...Read more

Jai Kisan raises Rs 30 crore in Pre-Series A funding

Mumbai-based fintech platform Jai Kisan, which caters to the financial needs of customers in rural emerging markets has raised Rs 30 crore in a pre-Series A round led by Arkam Ventures with participation from NABVENTURES Fund I.  Existing investors such as Blume, Prophetic Ventures and Better Capital, promin...Read more

Agri-tech startup Agro2o secures funding from Mumbai Angels Network  

  Agri-tech startup Concinnity Agro2o Pvt. Ltd, based in New Delhi, has raised funding from Mumbai Angels Network. The company, founded by Yash Vyas in 2018, stated that it develops products focused on making hydroponics-based farming accessible to both small farmers and commercial institutions. The financia...Read more

Yamaha Motor Ventures invests A$11 million into agritech AI start-up Yield  

 Artificial intelligence (AI) startup, The Yield, looks set for rapid growth after an A$11 million (US$7.6 million)injection from Yamaha Motor Ventures & Laboratory Silicon Valley (Yamaha Motor Ventures). The Yield’s flagship product, Sensing+, combines field sensors and AI algorithms to help f...Read more

Dhanuka Agritech reports 45.80% growth in PAT at Rs 39 crore in Q4  

 Agro chemicals company Dhanuka Agritech on Wednesday reported a 45.80 per cent growth in profit after tax (PAT) at Rs 39 crore for the quarter ended March. The firm's PAT stood at Rs 26.75 crore during the last quarter of 2018-19, the company said in a BSE filing. Total turnover rose 18.09 per cent to Rs 22...Read more

Agritech WayCool Foods receives $5.5 Mn debt financing from IndusIand Bank  

   U.S. International Development Finance Corporation (DFC) has extended a 100% guarantee to WayCool Foods’ latest round of fund raise of U$5.5 Mn through debt financing from IndusInd Bank Ltd. It follows the Series C round of US$32 Mn led by Lightbox earlier this year. Setuka Partners LLP was the...Read more

RCF posts an increase of 193.54% in Q4 2019-20 profit

  Despite the current COVID19 situation Rashtriya Chemicals and Fertilizers Ltd- RCF a PSU under the Department of Fertilizers government of India has been successful in keeping its operations running and has crossed Rs. 100 Crores in sales of its Industrial Products in the first two months of the current fi...Read more

PI Industries reports 12% fall in Q4 net profit

Pesticides and agrochemicals maker PI Industries recently reported a 12 per cent fall in its consolidated net profit at Rs 110.7 crore for the fourth quarter of the 2019-20 fiscal on higher expenses, and said there won’t be any major impact of COVID-19 pandemic on its business. The firm’s net profit st...Read more

Kaveri Seeds reports 17 % increase in profit in FY20  

 Kaveri Seeds Company Limited reported a 17 per cent increase in its profit after tax to Rs 251/26 crore for the 2019-20 from Rs 214.72 crore earned in the previous fiscal. Its net sales for the year was Rs 882.25 crore, up 14.8 per cent from Rs 768.9 crore last year.  The company strengthened its focus...Read more