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HomePosts Tagged "BiologiQ"
Company News, Foodgrains, India, Sustainability

Dhanuka announces its entry into the agri-biological segment of crop care and crop nutrition products by launching BiologiQ

Dhanuka Agritech announced its entry into the agri-biological segment with the launch of its BiologiQ range of products. BiologiQ is a unique range of sustainable solutions developed with the fusion of traditional science and new-age agriculture practices.

 BiologiQ represents a broad category of crop protection, soil health, and plant nutrition products that are derived from nature. BiologiQ products can be used individually or in combination with conventional chemical products under an Integrated Pest & Nutrition Management (IPNM) plan to produce powerful results for the crop and the soil. BiologiQ portfolio supports the 4Rs – Resistance, Residue, Resurgence, and Soil Rejuvenation management with different action modes, resulting in increased crop yield and farm productivity.

Three introductory products in the BiologiQ range are Whiteaxe biological insecticide, Downil biological fungicide, and Sporenil biological wilticide.

Speaking about BiologiQ, M K Dhanuka, Managing Director of Dhanuka Group said, “We are launching three biological products Whiteaxe, Downil, and Spornil in the bio-agri segment. This segment is increasing globally, and we see good demand for these products in India as well. We hope that in times to come we will be introducing some more biological products in our BiologiQ range.”

‘’BiologiQ will help in filling the gaps that are currently being created by the use of chemical solutions alone. We have seen that our biological products when used alone or alternately with chemical solutions under an integrated plan can produce impactful results. It also helps in addressing resistance building among pests due to regular use of chemicals.’’ said Manoj Varshney, National Marketing Head of Dhanuka Agritech. 

Dhanuka Agritech further strengthened its herbicide portfolio by introducing two selective herbicides Implode and Mesotrax.

With these new introductions, Dhanuka Agritech is optimistic to strengthen its position in the crop care product segment. Dhanuka Agritech has a positive outlook for the agricultural sector in India for FY 2023-24 with new growth plans and a robust product pipeline. Dhanuka will be launching 2 to 3 new 9 (3) molecules for the first time in India. Apart from these, the company will also introduce 3 to 4 molecules under section 9 (4) or co-market them. Dhanuka’s growth story remains strong and consistent as we focus our efforts on serving the needs of Indian farmers.

Dhanuka announces its entry into the agri-biological

Company News, Finance, India

FY 22-23 net profits rise to Rs 233.51 Cr

Dhanuka Agritech recorded revenues of Rs 371.23 crore for the quarter ending March 31, 2023, an increase of 16.6 per cent over Rs 318.30 crore in the previous fiscal. The company announced its financial results for the fourth quarter of FY 2022-23 ended in March 2023.

Dhanuka Agritech clocked Rs 65.31 crore net profit during the January – March quarter, registering a 20.3 per cent growth over the same quarter of the previous fiscal year. For FY22-23 the net profits stood at Rs 233.51 crore, an increase of 11.8 per cent over last fiscal.

The company recorded revenues of Rs 1700.22 crore for the period ended March 31, 2023, an increase of 15.1 per cent over Rs 1477.78 crore in FY21-22. Profit after tax was Rs 233.51 crore, as compared to 208.78 crore in the previous fiscal.

Commenting on the performance, M. K. Dhanuka, Vice Chairman and Managing Director, Dhanuka Agritech Ltd. said “I am pleased to inform that Dhanuka Agritech has achieved a turnover of 1700 crores first time in its history. The net profits are 233 crores, which is the highest since the inception of the company. This achievement is commendable despite all odds. The rainfall was erratic both in Karif and Rabi seasons. The pest infestation was also low due to which many sprays were missed out by the farmers. Despite these factors, the company was able to post good figures.”

“Although the sky met is forecasting El Nino for the current season.  We hope there is no major impact on the consumption of the products. We expect double-digit volume growth in this financial year.” M. K. Dhanuka said.

The company recently launched new products to augment its offering portfolio and enter the new agri-biological segment with the launch of its BiologiQ range of sustainable agri products. Three introductory products in the BiologiQ range are Whiteaxe biological insecticide, Downil biological fungicide, and Sporenil biological silicide. Apart from these, Dhanuka further strengthened its herbicide portfolio by introducing two selective herbicides Implode and Mesotrax.

FY 22-23 net profits rise to Rs