Dhanuka Agritech today reported financial results for the first quarter of 2024-25 financial year.

Gurugram-headquartered Dhanuka Agritech clocked Rs. 48.90 crore profit during April-June quarter of FY'25, up 48.5% from the same quarter of the previous fiscal year.  Total income grew 33.27% to Rs. 500.71 Crore in the first quarter of this fiscal from Rs. 375.72 Crore in the corresponding period of FY'24.

Commenting on the Q1 performance, Mahendra Kumar Dhanuka, Vice Chairman & Managing Director said: “The year has started on a positive note and we have witnessed decent demand for all our product categories during the first quarter. The timely arrival of the monsoon and dwindling inventory levels have contributed to increased orders from the distribution network, setting a positive trajectory for the company.

 “I am happy to inform you that the sowing season is in full swing in July and the sowing acreages for major crops are expected to be higher in the ongoing season, particularly in the wake of the prediction of a normal monsoon. The management is confident of delivering healthy growth in the second quarter and improving the EBITDA margins,” added Dhanuka.