Moneycontrol
Last Updated : Feb 01, 2019 04:19 PM IST | Source: PTI

Monsanto India Q3 net falls 38.50% to Rs 39 cr

Total income stood at Rs 161.1 crore in the October-December period of 2018-19. It was Rs 187.65 crore in the year-ago period, Monsanto India said in a BSE filing.

 
 
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Seed firm Monsanto India on Friday posted a 38.50 percent drop in standalone net profit to Rs 38.95 crore in the third quarter ended December 31, 2018. The company had reported net profit of Rs 63.34 crore in the corresponding quarter a year ago.

Total income stood at Rs 161.1 crore in the October-December period of 2018-19. It was Rs 187.65 crore in the year-ago period, Monsanto India said in a BSE filing.

In June last year, German chemical and pharma major Bayer AG completed the acquisition of US-based biotech major Monsanto in USD 63 billion mega-deal to create the world's biggest agro-chemical and seed company.

Shares of the company closed at Rs 2,556 a piece, 1.96 percent lower, on the BSE.
First Published on Feb 1, 2019 04:14 pm
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