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

In Q2 BCSL achieved a 7 per cent increase in revenue from operations primarily driven by higher volumes which were partially offset by price pressure rooted in lower producer prices in China.

Bayer CropScience Limited announced its unaudited results for the quarter (Q2) and half year ended (H1) September 30, 2024. For Q2 ended September 30, 2024, Bayer Company (BCSL) registered Revenue from Operations of Rs 17,376 million as compared to Rs 16,172 million in the corresponding period of FY 2023-24. Profit Before Tax stood at Rs 1,901 million, compared to Rs 3,057 million in the corresponding period of the previous financial year.

For the H1 ended September 30, 2024, BCSL reported Revenue from Operations of Rs 33,688 million compared to Rs 33,568 million for the corresponding period in FY 2023-24. Profit Before Tax for the H1 ended September 30, 2024, stood at Rs 5,059 million, compared to Rs 7,118 million for the corresponding period in FY 2023-24.

Commenting on the quarterly results, Simon Wiebusch, Vice Chairman & Managing Director and CEO, BCSL said, “In Q2 BCSL achieved a 7 per cent increase in revenue from operations primarily driven by higher volumes which were partially offset by price pressure rooted in lower producer prices in China. Moreover, our margins were negatively impacted by higher production costs in corn seeds due to adverse weather conditions as well as a higher cost of goods sold in our chemical business. Despite these headwinds, we are looking forward to a stronger rabi and spring season, delivering sustainable, long-term value for our stakeholders.”

Speaking about the quarterly results, Simon Britsch, Chief Financial Officer, BCSL said, “We maintain our strong focus on cash flow generation and prudent operational expense management. However, we witnessed one-time effects from higher receivables and employee severance provisions. As we look forward, we are confident in our ability to continue with further growth investments and distributing a significant share of our profit to our owners.”

In Q2 BCSL achieved a 7 per

Agribusiness, Company News, Sustainability

Spread over 18 hectares, the Bayer ForwardFarm in India is unique as it introduces a convergence of innovative technologies and sustainable interventions specifically designed for smallholder farmers.

Bayer has launched its global initiative, ‘Bayer ForwardFarming’, in India. This is the newest of 29 ForwardFarms worldwide. Each ForwardFarm serves as a beacon of sustainable agricultural practices, providing a platform for farmers, researchers, and stakeholders to collaborate and share knowledge. The Bayer ForwardFarm in India will demonstrate innovative farming techniques tailored to the needs of 150 million smallholder farmers in the country, with a particular focus on sustainable rice cultivation, thus promoting the transition towards regenerative agriculture.

Natasha Santos, Head of Sustainability & Strategic Engagements at Bayer, stated, “Creating value for farmers is at the heart of what we do. We are excited to bring Bayer ForwardFarming to India, a country that is pivotal to global food security. By supporting and empowering local farmers, we aim to enhance agricultural productivity and sustainability, increasing food security for all.”

Tailored Solutions for Indian Agriculture

Ved Prakash Saini, the first Bayer ForwardFarm partner in India, expressed his optimism about the partnership: “I am hopeful that the regenerative agricultural practices introduced through Bayer ForwardFarming will lead to significant improvements in my yield and livelihood while making farming more sustainable. Techniques like Direct Seeded Rice and advanced technologies have the potential to enhance crop health, reduce water usage, and increase efficiency. I look forward to witnessing these benefits firsthand as we work together to build a resilient and prosperous future for farming.”

Spread over 18 hectares, the Bayer ForwardFarm in India is unique as it introduces a convergence of innovative technologies and sustainable interventions specifically designed for smallholder farmers. The farm integrates the following practices:

Direct Seeded Rice (DSR) Cropping System: A sustainable alternative to traditional rice cultivation that minimizes soil disturbance, reduces water consumption, and enhances soil health.

Innovative Weed Management: Advanced weed control strategies that reduce reliance on chemical herbicides while maintaining crop health.

Customized Agronomy Systems: Tailored solutions for diverse climatic conditions and soil types, enhancing crop yields and soil health.

Carbon Farming: Practices aimed at capturing and storing carbon in the soil, contributing to climate change mitigation and soil fertility improvement.

Nutrition and Water Management: Advanced techniques to optimize nutrient use and water efficiency, boosting farm productivity while reducing environmental impact.

Vermicompost and IoT: Use of vermicompost to enhance soil health, coupled with IoT technologies for precise monitoring and management of agricultural processes.

Irrigation and Drone Technology: Innovative irrigation techniques and drone technology for optimized water use and precise crop management.

Simon Wiebusch, President, Bayer South Asia mentioned, “At Bayer, we envision a regenerative farming future that restores and enhances the environment. The launch of Bayer ForwardFarming in India is a part of it. By providing farmers with tailored solutions, modern tools and practices, proactive stewardship measures, and strategic partnerships, we aim to boost productivity, improve quality and yields, all while preserving the environment. We are dedicated to empowering farmers to adopt sustainable practices that build a resilient and thriving agricultural sector in India.”

Spread over 18 hectares, the Bayer ForwardFarm

Agribusiness, Company News, Finance, India

Profit Before Tax for the quarter stood at Rs 3,158 million, compared to Rs 4,061 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) 2024-25. For Q1 ended June 30, 2024, the Company registered Revenue from Operations of Rs 16,312 million, compared to Rs 17,396 million in the corresponding period of FY 2023-24. Profit Before Tax for the quarter stood at Rs 3,158 million, compared to Rs 4,061 million in the corresponding quarter of the previous financial year.

Commenting on the quarterly results, Simon Wiebusch, Vice Chairman/Managing Director and CEO, Bayer CropScience Limited said, “Despite the slow progression of monsoons and the impact of low reservoir levels on our first quarter, we still achieved a 3 per cent growth in liquidation. Business picked up towards the end of June, coinciding with increased farming activity, indicating a positive market shift. However, supply constraints in our seeds business affected availability and increased the cost of corn seeds. Although revenue from operations declined, we maintain optimism for the upcoming season due to promising monsoon coverage across the country. Nevertheless, we remain sensitive to rain distribution, cropping patterns, and price pressure resulting from high industry inventories.”

Simon Britsch, Chief Financial Officer, Bayer CropScience Limited, while speaking about the quarterly results said, “We continue to focus on sustained operational expense management and rigorous working capital discipline, including targeted efforts in receivable collections. As we look forward, we maintain an optimistic outlook on our future prospects, confident in our ability to build momentum and steady growth investments.”

Profit Before Tax for the quarter stood

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

Company’s Profit Before Tax stood at Rs 1,242 million as compared to Rs 1,836 million in the corresponding period of FY 2022-23.

Bayer CropScience Limited has announced its unaudited results for the quarter and nine months ended December 31, 2023. In the third quarter (Q3) of Financial Year (FY) 2023-24, Bayer CropScience Limited (BCSL) earned Revenue from Operations of Rs 9,549 million, as compared to Rs 10,379 million in the corresponding period of FY 2022-23. Profit Before Tax (Before Exceptional Items) stood at Rs 1,242 million, compared to Rs 829 million in the corresponding period of FY 2022-23. Profit Before Tax (After Exceptional Items) stood at Rs 1,242 million as compared to Rs 1,836 million in the corresponding period of FY 2022-23.

For the nine months ended December 31, 2023, BCSL reported Revenue from Operations of Rs 43,117 million, compared to Rs 41,572 million for the corresponding period in FY 2022-23. Profit Before Tax (Before Exceptional Items) for the nine months ended December 31, 2023, stood at Rs 8,360 million, compared to Rs 6,942 million for the corresponding period in FY 2022-23. Profit Before Tax (After Exceptional Items) stood at ₹ 8,360 million as compared to Rs7,949 million in the corresponding period of FY 2022-23.

Commenting on the quarterly performance, Simon Wiebusch, Vice Chairman/Managing Director and CEO, BCSL said, “An erratic monsoon led to low water reservoir levels. The resulting crop shifts and missed sprays, had an unfavorable impact on our quarterly sales performance owing to lower volumes and sales returns. While Crop Protection liquidation has been sluggish on the back of the weak season, we actively managed rebates and discounts and thus maintained our margins to a large extent. A more diversified corn footprint supported seeds sales. We continue to steadily expand our efforts in support of the Government’s collectivization endeavors by reaching out to 3000+ Farmer Producer Organizations (FPOs), of which 10 belong to women, with BCSL supporting the creation of over 110 FPOs in the country. Also, we continue to focus on Better Life Farming as our extended smallholder farmer go to market.”

Simon Britsch, Chief Financial Officer, BCSL said, “We continued our efforts and focused on optimizing our operating expenses, achieving sizable efficiencies in the past 9 months. We were thus able to expand our profit margins in a difficult market environment. While managing operating expenses, we continue to make significant investments into future growth and market reach.”

Company’s Profit Before Tax stood at Rs