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Finance

UPL posts Rs 8,963 Cr revenue in Q1 FY24

Net debt at $3.19 billion as of June 2023, down by $160 million vs June 2022. UPL Ltd. has reported financial results for the first quarter of FY24 (Apr-June 2023).…

Sonalika records 10,683 overall tractor sales in July’23

With 14 per cent domestic growth, company has beaten industry growth (est. 6.4 per cent) and powered past 50,000 cumulative tractor sales mark in just 4 months (Apr-July’23). India’s leading…

FMC Corporation posts revenue of $1.01 Bn in Q2 2023, down 30 % versus Q2 2022

Abrupt and unprecedented reductions in inventory by growers and the distribution channel led to significant volume decline despite steady on-the-ground consumption. FMC Corporation has reported second quarter 2023 revenue of…

Mahindra’s Farm Equipment sector sells 24,168 units in India during July 2023

Total tractor sales (Domestic + Exports) during July 2023 were at 25,175 units, as against 23,307 units for the same period last year.  Mahindra & Mahindra Ltd.’s Farm Equipment Sector…

 Best Agrolife ‘s Q1 FY24 revenue jumps 32% YoY to Rs 612 Cr

Company’s gross margin for the quarter is at 30 per cent as compared to 19 per cent in Q4FY23 and 21 per cent in Q1 FY23.  Best Agrolife Limited (BAL)…

Tesco provides financial backing to UK egg farmers

The move comes as the industry sees signs of recovery for the first time since the start of the cost-of-living crisis Tesco has announced it is providing a further £10…

Godrej Agrovet reports PAT of Rs 124.5 Cr in Q1 FY24

Segment results of Crop Protection business improved significantly by 224 per cent in Q1 FY24 as compared to the same period last year. Godrej Agrovet Limited (GAVL) has today announced…

Mega plantation drive for oil palm cultivation under National Mission for Edible Oils

State Governments along with Oil Palm processing companies are participating in Mega Plantation Drive for Oil Palm Cultivation to cover an area of roughly 7750 hectares To increase the oil…

BASF Agri Solutions posts sales of €2.2 billion in Q2 FY2023

The decline in volumes attributes to higher channel inventories in individual core markets as well as lower agricultural commodity prices. In a tough market environment, BASF Group sales in the…

DFPCL reports Rs 110.03 Cr consolidated PAT in Q1 FY 2023-24

The company has reported total income of Rs 2333.38 crores during the period ended June 30, 2023, as compared to Rs 3042.28 crores during the period ended June 30, 2022.…

Sharda Cropchem reports net loss of Rs 88.6399 Cr in Q1 FY 2023-24  

The company has reported total income of Rs 663.7688 crores during the period ended June 30, 2023, as compared to Rs.844.7811 crores during the period ended June 30, 2022. Agrochemical…

BASF India Limited posts PAT of Rs 1,518.7 Mn in Q1 2023-24

Company registered sales of Rs 33,746.5 million in Q1 2023-2024, as compared to Rs 38,877.9 million in Q1 2022-23 representing a decrease of 13 per cent. Agrochemical major, BASF India…

Corteva announces increased quarterly dividend

This is Corteva’s third dividend increase since its 2019 spin-off and a result of the Company’s firm focus on driving margin expansion Corteva announced Board of Directors has authorised a common…

DAHD launches “Credit Guarantee Scheme” for MSMEs engaged in livestock sector

Scheme to act as a key enabler and risk mitigation measure for lending institutions and enabling collateral free funding to livestock sector. Department of Animal Husbandry & Dairying, Ministry of…

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