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Agro chems – Chemicals, Company News, World

The Company is a leading global supplier of MCA and the first and only producer of green MCA

Nouryon, a global speciality chemicals leader, announced that it is now certified to the International Sustainability and Carbon Certification standard ISCC PLUS for the production of green monochloroacetic acid (MCA) at its site in Delfzijl, the Netherlands. The Company is a leading global supplier of MCA and the first and only producer of green MCA that is derived from sustainably sourced raw materials.

“We are pleased to be the first supplier to offer green MCA as a building block for our customers that contributes to their sustainability goals,” said Joppe Smit, Senior Vice President of Natural Resources and Intermediates at Nouryon. “Today’s announcement underscores our efforts to deliver solutions that contribute to a more sustainable future.”

MCA is used in the manufacture of carboxymethyl cellulose (CMC), agrochemicals, surfactants, and other functional chemical building blocks that are essential to building and construction, crop protection, food additives, personal care products, cleaning goods, and pharmaceuticals. Nouryon’s green MCA is a sustainable alternative offering a significant reduction in product carbon footprint while delivering the same quality and performance.

As a manufacturer of speciality chemicals, Nouryon works to ensure that its products meet or exceed industry benchmarks for sustainability without sacrificing performance. Learn more about the Company’s overall strategy to reduce Scopes 1, 2, and 3 emissions water-use intensity, and other sustainability targets.

The Company is a leading global supplier

Agro chems – Chemicals, Agrotech, India, Industry Reports / Analysis, Seeds, Supply Chain

The report covers an in-depth analysis of the current state of agriculture, examining schemes, seed production systems, agrochemicals, and supply chains.

Technologies like artificial intelligence and analytics can significantly improve efficiency in Indian agriculture even as integration of data-driven practices will be pivotal for informed decision-making across the agri-supply chain, according to an ASSOCHAM report.

” Artificial intelligence and analytics can optimize routes, manage inventory and predict demand, contributing to overall efficiency in agriculture,” the ASSOCHAM study jointly undertaken with its knowledge partner Nangia Andersen emphasised.   It said financial incentives, credit and insurance plans are needed to encourage technology adoption.

The report commences with an in-depth analysis of the current state of agriculture, examining schemes, seed production systems, agrochemicals, and supply chains. Ongoing projects and research updates offer a dynamic snapshot of the agricultural landscape. Delving into agricultural productivity, it explores advancement in seeds, fertilizers, and pesticides, shedding light on technologies like genetic modification, biofortification, and precision farming.

It also explores good farming practices and global benchmarks, in the form of case studies/success stories serving as a practical guide. A critical analysis of doubling farmers’ income explores technologies, productivity, and diversification.

Efforts to enhance farmer collectives, accessibility to inputs, and the impactful 10,000 FPOs scheme are scrutinized. The report also explores the policy environment, incentives for technology adoption, and a comprehensive database on inputs. Addressing challenges posed by climate change, it emphasizes farmer empowerment, sustainable practices, and the transformative role of technology.

Farmer training through extension education, capacity building, and promoting farmer-led enterprises can enhance soil productivity. Stakeholders must creatively use ICT in local contexts, adapting it to agricultural challenges and macroeconomic needs.

”Indian farmers are increasingly becoming open to new technologies and practices for enhancing productivity. They can be our champions of sustainability at the grassroot level, ‘ASSOCHAM Secretary General Mr Deepak Sood said, underscoring the importance of continued scientific advances in raising farm productivity.

The report also highlighted the role of biotechnology in agriculture. ” Role of biotechnology in agriculture is pivotal, particularly in precision breeding for climate-resilient crops and genetic modification for pest and disease resistance”.

The report also highlights successes in developing drought-tolerant varieties and reducing reliance on chemical pesticides. Addressing climate change challenges, it explores crop adaptation to shifting climatic patterns and sustainable water management practices, drawing insights from Bangladesh and Israel.

Continued focus must be placed on integrated agri logistics hubs strategically located to facilitate seamless connectivity between production centres and consumption zones. These hubs could incorporate warehousing, cold storage, processing units, and efficient transportation networks.

The report covers an in-depth analysis of

Agro chems – Chemicals, Company News, Europe, Finance, Seeds

Sales declined by 13.4 per cent in the first quarter of 2023 to €19,991 million (Q1 2022: €23,083 million).

Germany based BASF has released preliminary figures for the first quarter of 2023. Sales declined by 13.4 per cent in the first quarter of 2023 to €19,991 million (Q1 2022: €23,083 million). This was mainly driven by considerably lower volumes. Sales were considerably lower than average analyst estimates for the first quarter of 2023 (Vara: €21,819 million).

EBIT before special items of BASF Group amounted to an expected €1,931 million in the first quarter of 2023, a decline of 31.5 per cent compared with the prior-year quarter (Q1 2022: €2,818 million) but considerably above the analyst consensus for the first quarter of 2023 (Vara: €1,599 million). In particular, EBIT before special items in the Agricultural Solutions segment considerably exceeded average analyst estimates. Chemicals, Materials and Surface Technologies were also considerably above the respective average analyst estimates for EBIT before special items in the first quarter of 2023. In the Industrial Solutions and Nutrition & Care segments, EBIT before special items missed average analyst estimates slightly and considerably, respectively. In Other, EBIT before special items was weaker than expected by analysts on average.

The BASF Group’s EBIT amounted to an expected €1,867 million in the first quarter of 2023, considerably below the figure for the prior-year quarter (Q1 2022: €2,785 million) but considerably above the analyst consensus (Vara: €1,533 million).

Net income reached €1,562 million, considerably above the figure in the prior-year quarter (Q1 2022: €1,221 million) and considerably above average analyst estimates for the first quarter of 2023 (Vara: €1,081 million). In the prior-year quarter, impairments on the participation in Wintershall Dea had burdened net income of BASF Group.

Sales declined by 13.4 per cent in

Agro chems – Chemicals, Company News, Finance, Seeds

Profit Before Tax stood at Rs 2,290 million, compared to Rs 2,195 million in the corresponding period of the previous financial year

 Bayer CropScience Limited announced its unaudited results for the quarter (Q2) and half year ended (H1) September 30, 2022. For Q2 ended September 30, 2022, Bayer CropScience Limited (BCSL) registered Revenue from Operations of Rs14,519 million as compared to Rs 13,651 million in the corresponding period of FY 2021-22. Profit Before Tax stood at Rs 2,290 million, compared to Rs 2,195 million in the corresponding period of the previous financial year.

For the H1 ended September 30, 2022, BCSL reported Revenue from Operations of Rs 31,193 million compared to Rs 27,810 million for the corresponding period in FY 2021-22. Profit Before Tax for the H1 ended September 30, 2022 stood at Rs 6,113 million, compared to Rs 5,395 million for the corresponding period in FY 2021-22.

BCSL concluded the sale of a part of its seed distribution portfolio comprising of mustard, millet, cotton and sorghum seeds in Q3 of FY 2021-22. Considering this, the portfolio adjusted Revenue from Operations grew by 8 per cent for Q2 and 14 per cent for H1 FY 2022-23 while Profit Before Tax increased by 14 per cent for Q2 and 22 per cent for H1 FY 2022-23, respectively.

Commenting on the quarterly and half-yearly results, Simon-Thorsten Wiebusch, Executive Director BCSL said, “Our continuing revenue growth in Q2 was driven largely by strong demand and product liquidation of our crop protection portfolio despite continuing supply chain challenges and a tough hybrid rice season. Supportive commodity prices led to better acreages and strong sales of Corn seeds. A near-normal monsoon in most parts of the country except for the states of Uttar Pradesh, Bihar and West Bengal also aided positive demand momentum. Our efforts of reaching larger segments of smallholder farmers through alternate go-to-market initiatives such as Sahbhaagi and Better Life Farming Centers are also steadily gaining ground.”

Simon Britsch, Chief Financial Officer, BCSL said, “We have maintained our growth momentum in H1. We continue to invest in our business growth opportunities and focus on sustaining margins despite continuing challenges associated with global supplies and rising costs”.

Profit Before Tax stood at Rs 2,290

Agro chems – Chemicals, Company News, Finance, India, Institutions

Net profit up by 15.2% YoY

The leading agri input company, Dhanuka Agritech Ltd has announced financial results for the second quarter of FY 2022 has posted Rs 73.02 crore profit during July to September quarter, up by 15.22 per cent from the same quarter last year. The company earned Rs. 63.37 crore net profit in the same period of the previous year. Commenting on the Q2 performance, M K Dhanuka, Managing Director, Dhanuka Agritech said: “We have witnessed reasonable growth in the top line but faced pressure on our margins due to high raw material prices. While the prices of raw materials increased, we did not pass them on to the consumers, which has impacted our margins. Apart from this, the margins were impacted due to the depreciation of the Rupee Vs Dollar”.

“Uneven rainfall has also adversely impacted our top line and bottom line. While one-third area received excess rainfall, one-third area received deficit rainfall and only one-third area received normal rainfall. As a result, sowing was impacted and this in turn has impacted the growth of the industry,” he added,

“However, despite the global volatility, farmers received good returns for their produce as commodity prices remained high globally. This augurs well for the industry. Also, the monsoon recovered to a large extent towards the latter half, and accordingly, the soil has reasonable moisture and dams are full of water. Thus, we expect the Rabi sowing to be good. We are confident a good rabi season is likely to ensure a double-digit growth in the current fiscal,” added M K Dhanuka..

During the second quarter, the company brought three new products into the market Cornex, Zanet and Decide, which have been very well received by farmers. The company has set up the “Dhanuka Agritech Research and Technology Centre” at Palwal, Haryana equipped with all laboratory facilities and a training hall with a capacity of 100 farmers. The R&D centre will be inaugurated this month.

The company also launched a massive campaign in August – ‘India ka Pranam Har Kisan ke Naam’ — to honour and recognise the contribution of Indian farmers in nation-building and helping India become food secure.

Net profit up by 15.2% YoYThe leading

Agro chems – Chemicals, Company News, Finance, Inputs, Seeds

Company records 31 per cent growth in the Crop Care business and 12 per cent growth in Seeds in Q2 FY 22-23

Rallis India Limited, a TATA Enterprise and a leading player in the Indian Agri inputs industry announced its financial results for the second quarter of the financial year ending 30 Sep 2022.

Announcing the results, Sanjiv Lal, Managing Director, and CEO, Rallis India said, “Our Q2 revenues grew more than 31 per cent over last year on the back of 31 per cent growth in the Crop Care business and 12 per cent growth in Seeds.

Within our Crop Care, exports grew by 67 per cent and the domestic formulation business grew by 13 per cent growth. Despite the uneven distribution of monsoon, domestic business leveraged our geographic and portfolio diversity to achieve growth. While margins were satisfactory in the domestic business, international business margins were lower compared to Q2 of the previous financial year. Going forward, we continue to remain focused on our long-term growth plans of new product introduction and capital investment”.

The Company recorded revenues of Rs 951 Crore for the quarter ending September 30, 2022, an increase of 31 per cent over PY of Rs 728 Crore Profit before tax (before exceptional items) was at Rs 95 Crore as compared to PY of profit before tax (before exceptional items) of Rs 76 Crore and the Profit after tax (after exceptional items) was Rs71 Crore as compared to PY profit after tax (after exceptional item) of Rs 56 Crore

Key Highlights – H1

The Company recorded revenues of Rs1814 Cr for the period ended September 30, 2022, an increase of 24 per cent over PY of Rs 1468 Crore Profit before tax (before exceptional items) was at Rs 186 Crore as compared to PY of profit before tax (before exceptional items) of ₹186 Cr and the Profit after tax (after exceptional items) was Rs 139 Crore, as compared to PY profit after tax (after exceptional item) of Rs 139 Crore.

Company records 31 per cent growth in

Agro chems – Chemicals, India

Briar is Safex’s first overseas acquisition as a global expansion strategy

Safex Chemicals India Limited (Safex), a fast-growing Indian agrochemicals company, announces the acquisition of Briar Chemicals (Briar), the UK’s leading agrochemicals Contract Development and Manufacturing Organisation (CDMO) provider, from the pan-European alternative investment firm AURELIUS Equity Opportunities. Safex is backed by ChrysCapital, one of India’s largest private equity firms, which owns a significant minority stake in the business.

“We are delighted to enter the UK by acquiring the country’s pre-eminent independent agrochemical CDMO provider,” said Piyush Jindal, Director of Safex. “The addition of Briar to Safex’s crop protection business strengthens our position in the global agrochemicals market.”

Founded in New Delhi in 1991, Safex is a leading Indian manufacturer and supplier of the most advanced crop protection chemicals. Safex is one of the fastest-growing agrochemical companies in India, having achieved a Combined Annual Growth Rate of over 25 percent in revenue over the last five years. Briar is Safex’s first overseas acquisition and forms part of the company’s strategy for global expansion in step with the substantial growth of the worldwide agrochemicals market, which is set to increase in value by over 11 percent from USD 62.3 billion in 2022 to USD 69.4 billion in 2026. 

“Acquiring Briar Chemicals will fast-track Safex into becoming a fully integrated company, present in all industry verticals. Strong operational synergies and strategic vision will help Safex to become an important player in the global agrochemical industry. This is a very exciting time for our business,” said Mr. SK Chaudhary, Founder, and Director of Safex.

Briar is Safex’s first overseas acquisition

Agro chems – Chemicals, Agro chems – Pesticides, Company News, North America

With EPA approval achieved, state registrations are now in progress, and UPL expects to have supply in place for the 2023 growing season.

UPL, a global leader in sustainable agriculture solutions, has announced that the Environmental Protection Agency (EPA) has granted approval for BATALIUM® AMPED™ herbicide for wheat. Featuring three modes of action, wheat growers can now achieve fast acting and long-lasting post-emergent control of the toughest broadleaf and grass weeds.

BATALIUM AMPED herbicide is an all-in-one weed solution that controls more than 70 broadleaf and 11 grass species, including wild oats, green foxtail, Russian thistle and herbicide-resistant kochia. A top feature is the product’s finishing power, offering long-lasting grass control.

BATALIUM AMPED herbicide features a unique and high-performance formulation of three active ingredients at the fullest rates — flucarbazone (Group 2), fluroxypyr (Group 4) and bromoxynil (Group 6) — providing the most effective weed control solution on the market.

“Spring and winter wheat growers in the Northern Plains need this high-performance herbicide solution to address the never-ending onslaught of weed pressures,” says Kathleen Seitzinger, UPL Marketing Manager, Northern Crops. “We encourage growers to use a systemic weed control strategy to reduce herbicide resistance. BATALIUM AMPED herbicide fits both wheat-on-wheat and crop rotation systems.”

Seitzinger adds that BATALIUM AMPED herbicide provides a simple solution in one product to control all problematic weeds in wheat. With EPA approval achieved, state registrations are now in progress, and UPL expects to have supply in place for the 2023 growing season.

” With three modes of action, wheat growers can be confident that BATALIUM AMPED provides the most effective weed control solution on the market today. Through UPL’s OpenAg purpose, we’re bringing unique, sustainable solutions to growers when and where they need it the most”, Seitzinger said.

With EPA approval achieved, state registrations are

Agro chems – Chemicals, Agro chems – Pesticides, Agrotech, Company News, India, R&D

SAT protects rice crops from yellow stem borer and brown plant hopper infestation and increases yield by 3 to 5 per cent

Corteva Agriscience, a global pure-play agriculture company, which was earlier the agriculture division of DowDuPoint, is planning to launch the “Seed Applied Technology”, seed treatment solutions to the rice and corn crops in India which will be extended to other crops subsequently.  In India, Seed Applied Technology (SAT) product is currently under registration process with Central Insecticides Board & Registration Committee and company has initiated field trials with rice farmers. The company has launched the SAT product in Thailand and China and set to be rolled out in Indonesia, will be for paddy and maize crops.

Corteva’s Seed treatments involves the application of chemical or biological substances, such as fungicides or insecticides, directly to the surface of a seed, safeguarding the seeds and seedlings against insects, fungal diseases, and soil-borne pathogens. As yellow stem borer and brown plant hopper and leaf folder infestation are common in rice cultivation Corteva’s seed-applied treatment is a convenient solution that protects rice seedlings from damage from this infestation and has demonstrated very good performance.

Seed treatments help improve seed and plant health, as well as germination rates; protect plants from the start when they are most vulnerable to insects and disease; and increase the likelihood of quality and improved harvest. Seed treatments contribute to reducing a farmer’s environmental footprint as well. With seeds already protected against various threats, farmers may not need to apply as much crop protection product once the plant emerges.

Commenting on its commitment to the Indian market and the SAT at Toopran Research Centre located in Wargal Mandal of Telangana, Rahoul Sawani, President – South Asia – Corteva Agriscience, said, “Farmers are dealing with a growing set of challenges at the farm and field level and over the last few years we have seen unpredictable weather further affecting the yield and profitability of farmers. Advances in seed treatments are a vital tool for effectively addressing these challenges, by helping farmers get their crops off to the best start and achieve a successful harvest. We continue to invest in launching new technologies to increase yields, improve livelihoods, and ensure sustained food security in the country.”

 Prasanta Patra, Regional Commercialization & Business Lead, Seed Applied Technologies Portfolio APAC, Corteva Agriscience said, “Seed Applied Technology (SAT) is at a nascent stage in India, especially for rice.  Corteva’s seed-applied solutions will help provide farmers with the tools they need for more sustainable food production. Because Seed Applied Technology involves treating the seed rather than applying crop protection solutions in the field, they can help lower the environmental exposure to chemicals in agriculture.”

Corteva Agriscience, a global pure-play agriculture company, has been providing farmers around the world with the most complete portfolio of agri-products including high-quality seeds, crop protection, and digital solutions. Currently, Company has three production and manufacturing facilities and five research and development facilities in India.

                                                                                                                      By Dipti Barve

                                                                                                                dipti.barve@mmactiv.com

SAT protects rice crops from yellow stem

Agro chems – Chemicals, Agro chems – Pesticides, China, Company News

FMC Corporation, an agricultural sciences company, has announced that the Zhengzhou Court, in the Henan province of China, has ruled in its favour in a patent infringement lawsuit against Henan Yongfeng Chemical Co., Ltd; Suqian Haide Pharmaceutical and Chemical Co., Ltd; Xinxiang Runyu New Material Technology Co., Ltd; and Wang Shichao (collectively “defendants”).

FMC had filed the lawsuit in May 2022 against the defendants for infringement of a patented key intermediate, used in the manufacture of chlorantraniliprole, FMC’s leading insect control active ingredient. On September 9, 2022, all the defendants were found guilty by the Chinese court, of infringing FMC’s composition of matter patent for a key intermediate to manufacture chlorantraniliprole and ordered to compensate FMC for related damages.

“FMC appreciates the court issuing this quick judgment to protect FMC’s intellectual property rights in China. Intellectual property rights encourage the continued innovation of crop protection solutions by recognizing the significant time, money and commitment invested in discovering new active ingredients. These rights exist in the interest of farmers, customers, investors, employees, suppliers and partners,” said Pramod Thota, president for FMC in Asia Pacific.

 Thota also added that FMC has continued to demonstrate that we have extensive and defensible patents covering manufacturing, manufacturing ingredients, formulation and use that extends well beyond the chlorantraniliprole active ingredient composition of matter patent. We will continue to vigorously defend our intellectual property in China and around the world.”

FMC invests heavily in the discovery of new active ingredients, the development of innovative formulations and biologicals in addition to the advancement of precision and digital agriculture technologies that support sustainable agriculture and improved food security.

FMC Corporation, an agricultural sciences company, has

Agro chems – Chemicals, Company News, Finance, India

Company has posted total income of Rs 5017.41 crore in Q1 FY23 against total income Rs 2417.24 crores in Q1 FY22 registering a growth of 107.57 per cent.

Rashtriya Chemicals and Fertilizers Limited has reported Consolidated financial results for the period ended June 30, 2022. The company has reported total income of Rs. 5017.41 crores during the period ended June 30, 2022 as compared to Rs. 4140.66 crores during the period ended March 31, 2022. Company has reported 44.40 per cent growth at Rs 299.60 crore in net profit in Q1 FY2023 compared to net profit of Rs 207.48 crore in Q1 FY2022.

The company has posted net profit / (loss) of Rs. 299.60 crores for the period ended June 30, 2022 as against net profit / (loss) of Rs. 233.84 crores for the period ended March 31, 2022.Comapny has posted total income of Rs 5017.41 crore in Q1 FY23 against total income Rs 2417.24 crores in Q1 FY22 registering a growth of 107.57 per cent.

The company has reported EPS of Rs.5.43 for the period ended June 30, 2022 as compared to Rs.3.76 for the period ended June 30, 2021.

Company has posted total income of Rs

Agro chems – Chemicals, Company News, Finance, India

The company recorded revenue of Rs 463.7 crores in Q1 FY23 as against Rs 344.6 crores in Q1 FY22.

 Best Agrolife Ltd, India’s fastest-growing agrochemical company has reported strong financial results for the first quarter ended 30th June, 2022. It posted a multi-fold jump in its consolidated revenue at Rs 463.7 Crores jumping 49.9 per cent QoQ. The EBITDA stood at Rs 65.9 crores, displaying an 82.7 per cent YoY growth and 6.1 per cent QoQ growth in the first quarter of the current fiscal, the company said in its statement.

Best Agrolife Ltd (BAL), the leading manufacturer of agro-inputs in India. It declared its financial results for Q1FY23 on 05 August 2022 at the meeting of its Board of Directors.

Consolidated Key Highlights-Q1 FY23

▪ The company recorded revenue of Rs 463.7 crores, a growth of 34.6 per cent as against Rs 344.6 crores in Q1 FY22. On a sequential basis, revenue grew by 49.9 per cent.

▪ EBITDA at Rs 65.9 Crores grew significantly by 82.7 per cent as against ₹ 36.06 Crores in Q1 FY22; EBITDA margin for the quarter at 14.2 per cent as against 10.5 per cent in Q1 FY22.

▪ PBT at Rs 53.4 Crores, a growth of 53.5 per cent Y-o-Y & 8.4 per cent on Q-o-Q basis

▪ PAT also registered a robust growth of 54.7 per cent YoY at Rs 40.1 Crores in comparison to Rs 25.94 Crores reported in Q1 FY21.

Commenting on the results, Vimal Alawadhi, Managing Director, BAL, said, “We are pleased to inform you that after closing FY2022 with strong results we have succeeded in maintaining our upward growth momentum in the first quarter of the current fiscal year as well. Due to our futuristic vision, discipline, and carefully crafted strategy we improved on FY22 EBITDA margins despite inflationary pressures. During this quarter we launched many new revolutionary products including our patented product RONFEN. The initial response has been good and we expect a pick-up in the next quarter.”

The company recorded revenue of Rs 463.7

Agro chems – Chemicals, Finance, India

The company has reported total income of Rs 1567.3 crores during the period ended June 30, 2022 as compared to Rs.1221.5 crores during the period ended June 30, 2021.

Agrochemical major PI Industries Limited has reported consolidated financial results for the period ended June 30, 2022. The company has posted total income of Rs 1567.3 crores during the period ended June 30, 2022 as compared to Rs 1415.2 crores during the period ended March 31, 2022.

The company has posted net profit / (loss) of Rs 262.4 crores for the period ended June 30, 2022 as against net profit / (loss) of Rs 204.4 crores for the period ended March 31, 2022.The company has reported EPS of Rs. 17.29 for the period ended June 30, 2022 as compared to Rs. 13.48 for the period ended March 31, 2022.

The company has reported total income of Rs. 1567.3 crores during the period ended June 30, 2022 as compared to Rs1221.5 crores during the period ended June 30, 2021.The company has reported EPS of Rs.17.29 for the period ended June 30, 2022 as compared to Rs.12.34 for the period ended June 30, 2021.

The company has reported total income of

Agro chems – Chemicals, Agrotech, Company News, Finance, India

The company has posted net profit / (loss) of Rs 49.1101 crores for the period ended June 30, 2022 as against net profit / (loss) of Rs 54.4026 crores for the period ended March 31, 2022.

Agrochemical major, Dhanuka Agritech Limited has reported total income of Rs. 409.5782 crores during the period ended June 30, 2022 as compared to Rs. 330.4875 crores during the period ended March 31, 2022.

The company has posted net profit / (loss) of Rs. 49.1101 crores for the period ended June 30, 2022 as against net profit / (loss) of Rs. 54.4026 crores for the period ended March 31, 2022.

The company has reported EPS of Rs. 10.54 for the period ended June 30, 2022 as compared to Rs. 11.68 for the period ended March 31, 2022.The company has reported total income of Rs. 409.5782 crores during the period ended June 30, 2022 as compared to Rs.371.5354 crores during the period ended June 30, 2021.

The company has posted net profit / (loss) of Rs.49.1101 crores for the period ended June 30, 2022 as against net profit / (loss) of Rs.48.6007 crores for the period ended June 30, 2021.The company has reported EPS of Rs.10.54 for the period ended June 30, 2022 as compared to Rs.10.43 for the period ended June 30, 2021.

The company has posted net profit /