Dhanuka Agritech Ltd has registered an impressive financial performance whereby the company's net profit rose by 45.79% to Rs 39.00 crore in the quarter ended March 2020 as against Rs 26.75 crore in March 2019. Sales rose 18.08% to Rs 227.57 crore in the quarter ended March 2020 as against Rs 192.72 crore in March 2019.

For the full year, net profit rose 25.56% to Rs 141.35 crore in the year ended March 2020 as against Rs 112.58 crore in March 2019. Sales rose 11.36% to Rs 1120.07 crore in the year ended March 2020 as against Rs 1005.84 crore during the previous year ended March 2019.

The company also announced the vacation of office by Indresh Narain, non executive independent director of the company with effect from 20 May 2020.

Commenting on the results and performance of the company, Mr. M.K. Dhanuka, Managing Director, said, “Driven by the focus of winning customers through planned strategies, the company’s financial performance continued to gain momentum quarter after quarter this year. The company has registered 11.36% growth in Turnover this year, which shows company’s initiatives have reaped good results. Being an Agro-industry, Govt. allowed us functioning during the COVID-19 pandemic in lockdown 2, and hence the impact of lockdown was not much. The masses realized the importance of farmers and agriculture. With this year’s favorable monsoon forecast coupled with a slew of initiatives announced by the Govt., we are hopeful of much positive performance in the fiscal year 2020-21. At the same time, we will remain committed to improving our product mix, ongoing branding initiatives, and new product offerings. Dhanuka Agritech has always been working towards providing better solutions to farmers and improving their livelihood. We strongly believe that both, Indian agriculture and Indian farmers have a bright future. Our company will continue to empower them through such initiatives and help bring prosperity to our farmer friends. The company is working towards farmer’s welfare by strengthening Agri-inputs dealer as a strong extension service provider and for that our “Diploma in Agricultural Extension Service in Input Dealers” (DEASI) program in association with many agriculture universities stabling new milestone. The company keeps adding new products every year through its collaborations and is continuously on the lookout to bring the latest technology to Indian farmers."