HomeNewsBusinessEarningsMonsanto India Q3 net falls 38.50% to Rs 39 cr
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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.

PTI
February 01, 2019 / 16:19 IST
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We are in the last phase of the September quarter earnings season, and the results announced by the BSE 500 companies so far have shown signs of a sharp recovery, as compared to the June quarter, when the economic activity in the country was compromised due to lockdown in various regions. From the BSE 500 list, 216 companies have announced their September quarter results so far. We excluded banking and financial companies.  Along with the index stocks we also analyse each sector quarterly earnings. (Data Source: ACE Equity)
We are in the last phase of the September quarter earnings season, and the results announced by the BSE 500 companies so far have shown signs of a sharp recovery, as compared to the June quarter, when the economic activity in the country was compromised due to lockdown in various regions. From the BSE 500 list, 216 companies have announced their September quarter results so far. We excluded banking and financial companies.  Along with the index stocks we also analyse each sector quarterly earnings. (Data Source: ACE Equity)

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.

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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.

PTI
first published: Feb 1, 2019 04:14 pm

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