Bayer CropScience Ltd has reported total income of Rs.749.6 crores during the period ended March 31, 2021 as compared to Rs.936.5 crores during the period ended December 31, 2020. The company reported total income of Rs.476.5 crores during the period ended March 31, 2020.

The company has posted net profit of Rs.61.9 crores for the period ended March 31, 2021 as against net loss of Rs. (45.1) crores for the period ended December 31, 2020. The company posted net of Rs.31.5 crores for the period ended March 31, 2020.

Bayer CropScience has reported total income of Rs.4325.1 crores during the 12 months period ended March 31, 2021 as compared to Rs.3675.4 crores during the 12 months period ended March 31, 2020.

The company has posted net profit of Rs.493.1 crores for the 12 months period ended March 31, 2021 as against net profit of Rs.474.5 crores for the 12 months period ended March 31, 2020.

Commenting on the quarterly results, Simon Wiebusch, Chief Operating Officer (COO), Crop Science division for India, said, "In Q4, we continued to deliver significant sales growth in Crop Protection, supported by strong farmer demand for agri-inputs and higher product liquidation. This was partly offset by a decline in corn seed volumes from lower commodity prices and acreages. This impacted our portfolio mix for the quarter, negatively impacting our gross margins. Overall, we delivered a robust growth of 35% in Profit Before Exceptional Items & Tax in Q4 supported by a well-diversified portfolio."

Elaborating on the full-year results for FY 2020-21, Simon Wiebusch, said, "While the first-half of the year witnessed short-term disruption due to Covid-19, the second-half saw the market normalize significantly with an increased demand for agri-inputs. BCSL achieved excellent growth in Crop Protection products driven by a good monsoon, strong portfolio performance and new product launches. Our strong growth in corn seeds in Kharif 2020 was offset by weak corn prices, which in turn affected Rabi and spring corn sowing in key corn-producing markets. Despite these offsets, BCSL delivered robust growth in Sales, Profit Before Exceptional Items & Tax and Cashflow."

In FY 2020-21, BCSL introduced 'Better Farms, Better Lives' to support smallholder farmers severely impacted by Covid-19 and create capacity building on the use of modern agricultural practices. Nearly 4,40,000 smallholder farmers across 17 states received free samples of Bayer's hybrid seeds, crop protection products, personal protective equipment, and access to training programs as part of the initiative. Expanding its Better Life Farming franchise in India, BCSL added over 400 new Better Life Farming Centers across nine states. The company also supported farmers through digital advisory for integrated crop management and collaborated with e-commerce players for home delivery of its products directly to rural farming communities.

Sharing an outlook for the future, D. Narain, CEO & MD, Bayer CropScience Limited, said, "With the escalating Covid-19 situation in India, the external business environment remains uncertain in the shortterm. However, agriculture will always remain an essential industry sector critical to India's food security. Apart from portfolio innovations, we will continue to introduce new business models and value-chain collaborations to increase our farmer reach, including leveraging the accelerated digitalization of Indian agriculture due to Covid-19."

Expressing his gratitude to the Company's employees and stakeholders, D Narain, stated, "At Bayer CropScience Limited, we deeply acknowledge the outstanding support of our farmer customers, government authorities, channel partners, our employees and their families, in helping us deliver our products & technologies to farmers, while overcoming multiple challenges due to Covid."