Net income rose on a consolidated basis by 20.34 per cent to Rs 284.30 crore in the fourth quarter of 2020-21 fiscal from Rs 236.24 crore in the same quarter previous financial year

  Agrochemical Company Dhanuka Agritech has posted a growth of 24.71 per cent in its consolidated net profit at Rs 48.64 crore in the fourth quarter of 2020-21 fiscal on strong revenues.

Net profit stood at Rs 39 crore in the same quarter previous financial year, according to a regulatory filing. Net income rose on a consolidated basis by 20.34 per cent to Rs 284.30 crore in the fourth quarter of 2020-21 fiscal from Rs 236.24 crore in the same quarter previous financial year. Expenses remained higher at Rs 216.74 crore as against Rs 185.92 crore in the said period.

Revenue from operations increased 21 per cent to Rs 275.56 crore in Q4 FY21 over Q4 FY20. Profit before tax jumped 34.25 per cent to Rs 67.55 crore in Q4 FY21 compared with Rs 50.31 crore in Q4 FY20.

The agrochemical maker recorded a 49 per cent jump in net profit to Rs 210.56 crore for the year ended March 2021 (FY21) as against Rs 141.34 crore in the year ended March 2020 (FY20). Revenue from operations rose 23.8 per cent to Rs 1387.46 crore in FY21 over FY20.

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