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HomePosts Tagged "Dhanuka Agritech Ltd"
Agribusiness, India, R&D, Sustainability

Dhanuka Agritech, a leader in agricultural innovation, was honored to support the sugarcane category at the prestigious 3-day Millionaire Farmers of India (MFOI) event. This landmark event brought together the brightest minds and hardworking hands of the agricultural community, celebrating their dedication and achievements

At the event, Dhanuka Agritech candidly showcased its innovative agricultural solutions to a wide and diverse audience of farmers, experts, and stakeholders from across India. The highlight of the event was recognizing an award-winning farmer from Muzaffarnagar, Uttar Pradesh, for excelling in the Sugarcane category with Dhanuka’s unique offerings. His remarkable contributions to the sector have set a benchmark of excellence and innovation in farming practices.

The Millionaire Farmers of India (MFOI) Awards is a prestigious event that brings together farmers, agricultural innovators, and leaders from around the world to shape the future of farming. India’s economy and strength are built on the hard work of its farmers, though their efforts are often overlooked. This event aimed to recognize farmers who have transformed agriculture through innovation, resilience, and sustainable practices.

“We are deeply honored to be part of this celebration of the resilience and ingenuity of India’s farmers. At Dhanuka, our core mission is to equip farmers with cutting-edge solutions that not only enhance productivity but also foster long-term sustainability. The achievements of the award-winning farmer stand as a powerful example of how innovation can transform agriculture. We extend our heartfelt congratulations to him and all the other awardees, whose exceptional contributions inspire us all.” said Chairman Emeritus Dr. R.G Agarwal – Dhanuka Agritech Ltd.

Dhanuka Agritech takes pride in being a partner in the journey of Indian farmers, striving to create a brighter, more sustainable future for agriculture. The company applauds the farming community and extends its support for their continued success in achieving their milestones in the times ahead.

Dhanuka Agritech, a leader in agricultural innovation,

Agribusiness, Agro chems – Chemicals, Company News, Finance, India, Inputs

 Company has reported revenue of Rs. 1758.54 Cr in FY’24 and growth of 3.4 per cent over FY23.

Dhanuka Agritech, one of the leading agri input companies in India, announced its financial results for the fourth quarter of the financial year ending March 2024. The company recorded revenues of Rs 1758.54 Crore for the period ended March 31, 2024, an increase of 3.4 per cent over Past Year of Rs 1700.22 Crore. Company has posted Net Profit of Rs 239.09 in FY24 compared to Rs 233.51 in FY23 registering growth of 2.4 per cent.

The company recently launched several products which will revolutionize the agricultural sector of the country. The products, include LaNevo, MYCORe SUPER and Purge.

Commenting on the Q4 performance, M. K. Dhanuka, Vice-Chairman and Managing Director, Dhanuka Agritech Ltd said, despite the year 2023 recording below-average rainfall (820 mm compared to the usual 868.6 mm) due to El Nino, prevailing volatile and challenging market conditions, the company performed reasonably well. Our new product offerings have received encouraging responses from the farming community.

As IMD forecasts predict above-normal rainfall this year, it would significantly benefit the agriculture sector, especially the kharif season. Accordingly, we at Dhanuka are hopeful of delivering a strong performance and profit stabilization in the current financial year.

Projecting into the current financial year, he said like the last few years, the company plans to launch several groundbreaking products in the current financial year. These advancements will not only revolutionize Indian agriculture but also solidify the company’s position in the competitive agrochemical market. Already, in the month of April-May, we have launched three innovative products including the global introduction of the herbicide ‘Purge’, as well as the launch of insecticide ‘LaNevo’, and bio-fertilizer ‘MYCORe Super’. The initial feedback of the market is phenomenal for all these products, and we plan the introduction of more innovative products over the next few months.

 Company has reported revenue of Rs. 1758.54