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HomePosts Tagged "Simon Britsch"
Agribusiness, Agro chems – Chemicals, Company News, Finance, India

 Company reported Profit Before Tax of Rs 336 million, compared to Rs 1,242 million in the corresponding period of FY 2023-24.

Bayer CropScience Limited announced its unaudited results for the quarter and nine months ended December 31, 2024.  In the third quarter (Q3) of Financial Year (FY) 2024-25, Bayer CropScience Limited (BCSL) earned Revenue from Operations of Rs 10,569 million, as compared to Rs 9,549 million in the corresponding period of FY 2023-24. Profit Before Tax stood at Rs 336 million, compared to Rs 1,242 million in the corresponding period of FY 2023-24.

For the nine months ended December 31, 2024, BCSL reported Revenue from Operations of Rs 44,257 million, compared to Rs 43,117 million for the corresponding period in FY 2023-24. Profit Before Tax for the nine months ended December 31, 2024, stood at Rs 5,395 million, compared to Rs 8,360 million for the corresponding period in FY 2023-24.

Commenting on the quarterly performance, Simon Wiebusch, Vice Chairman, Managing Director and Chief Executive Officer, BCSL said, “In Q3, BCSL saw a 11 per cent increase in Revenue from Operations, mainly driven by growth in our Corn business. We prioritised market share gains and launches of new hybrids. Improved reservoir levels compared to last year helped rice cultivation in the South, though growth and profit in our agrochemical business was tempered by reduced investments in the chilli crop. Overall, the current growing season shows good liquidation.”

Simon Britsch, Whole-time Director (Executive) and Chief Financial Officer, BCSL said, “Continuing cost efficiency measures were offset by targeted investments in promotional activities as well as provisions for doubtful receivables, attributable to a challenging agricultural economy.  We are actively engaged in recovery efforts.”

We take this opportunity to welcome Vinit Jindal as Whole-Time Director designated as Executive Director and Chief Financial Officer, effective March 01, 2025, as part of a planned leadership transition. We also extend our gratitude to Simon Britsch for his successful efforts and strong commitment to the sustainable growth of BCSL during his tenure.

 Company reported Profit Before Tax of Rs

Agro Universities, Company News, India

‘Better School Program’ aims to promote STEM learning and innovation in rural schools.

Bayer, a global life sciences company with core strengths in agriculture and healthcare, announced its collaboration with BharatCares, a social impact organization, to launch the ‘Better School Program’ at Adpodra Group Government Primary School in Himatnagar, Gujarat. Aimed at enhancing educational facilities and enabling experiential learning opportunities for the students in Himatnagar, the ‘Better School Program’ focuses on providing a foundational leap to economically challenged students and will benefit more than 850 students from grades 1st to 8th, across four schools.

Through this initiative, Bayer and BharatCares will provide a STEM Lab, Smart Classroom, indoor play kits, computer labs, better sports facilities as well as equip the schools with solar panels for better power supply. The program will empower students with modern teaching methodologies and resources to foster innovative learning and skills. The Better School Program was launched in the presence of government officials, Simon Britsch, Chief Financial Officer, Bayer South Asia and Bhomik Shah, Founder and CEO, BharatCares.

Commenting on the launch, Simon Britsch, Chief Financial Officer, Bayer South Asia, said “Children are the future of the world, and it is our collective responsibility to equip them with the right resources to seek knowledge, thrive and innovate. Through the ‘Better School Program’ we are supporting students in government run schools to explore the field of LifeSciences, through well-equipped STEM labs, modern teaching methods and improved infrastructure. At Bayer, we remain committed to supporting education, research, and innovation, and providing inclusive opportunities for all sections of society.”

The program is also being implemented at the Mankadi Colony Primary School, Sardarpura Primary School and Vantada Primary School. With an aim to standardize education and STEM facilities at these schools, the collaborative project will also establish modular libraries which will boast a diverse collection of grade-appropriate books and learning aids to implore hands-on training and exploration. Interactive digital learning tools, through Smart classes will also be provided.

Bhomik Shah, Founder and CEO, BharatCares, said “The Better School initiative in collaboration with Bayer, breathes new life into primary government schools. By providing essential facilities, we are not just enhancing infrastructure but nurturing the potential of students to make them future-ready. As we move forward, BharatCares is excited to partner with Bayer, ensuring that together, we continue to uplift the educational landscape, one school at a time.”

The Better School Program is also aligned with Bayer’s commitment to sustainability and environmental stewardship, with the installation of solar panels to enable the schools to adopt clean and renewable energy sources.

‘Better School Program’ aims to promote STEM

Agro chems – Chemicals, Company News, Finance, India

 Company’s Profit Before Tax for the quarter stood at Rs 4,061 million, compared to Rs 3,823 million in the corresponding quarter of the previous financial year.

Bayer CropScience Limited announced its unaudited results for the first quarter (Q1) of Financial Year (FY) 2023-24. For Q1 ended June 30, 2023, the Company registered Revenue from Operations of Rs 17,396 million, compared to Rs 16,674 million in the corresponding period of FY 2022-23. Profit Before Tax for the quarter stood at Rs 4,061 million, compared to Rs 3,823 million in the corresponding quarter of the previous financial year.

Commenting on the quarterly results, Simon-Thorsten Wiebusch, Executive Director, Bayer CropScience Limited said, “In Q1 of FY2023-24 despite the impact of delayed monsoon we continued to see strong growth in Sales and liquidation of our Crop Protection portfolio. As expected, we witnessed Roundup™ price normalization impacting the overall Sales growth of the quarter. Corn seeds continue to yield strong results with volume growth driven by portfolio and better acreages in Kharif.”

Simon Britsch, Chief Financial Officer, Bayer CropScience Limited, while speaking about the quarterly results said, “We have delivered modest reported Revenue from Operations growth of 4% for the quarter and adjusted for the effect of customer incentive programs, we delivered a Revenue from Operations growth of 9 per cent for the quarter despite normalization of Roundup™ pricing. We have continued to proactively manage costs and invest in targeted growth opportunities resulting in increased Profit Before Tax by 6 per cent.”

 Company’s Profit Before Tax for the quarter