Sales declined 7.53 per cent to Rs 388.90 crore in the quarter ended June 2020 as against Rs 420.57 crore during the June 2019.
Net profit of Sharda Cropchem rose 22.54 per cent to Rs 27.89 crore in the quarter ended June 2020 as against Rs 22.76 crore during the previous quarter ended June 2019. Sales declined 7.53 per cent to Rs 388.90 crore in the quarter ended June 2020 as against Rs 420.57 crore during the previous quarter ended June 2019.
The Company is a fast growing global agrochemicals company with leadership position in the generic crop protection chemicals industry. It has made deep inroads in the highly developed European and US markets which are characterized as high entry barrier markets. It also has a significant presence in other regulated markets such as LATAM and rest of the World.
The Company has an asset-light business model whereby it focuses on identifying generic molecules, preparing dossiers, seeking registrations, marketing and distributing formulations through third party distributors or its own sales force. The Company’s core competence lies in developing product Dossiers and seeking product registrations in different countries.
