Monsanto India Q1 net up 16% at Rs 56.24 cr | business | Hindustan Times
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Monsanto India Q1 net up 16% at Rs 56.24 cr

Agri-biotechnology major Monsanto India on Monday posted 15.64% increase in net profit at Rs 56.24 crore during the first quarter ended June 30 on higher sales.

business Updated: Jul 29, 2013 18:12 IST

Agri-biotechnology major Monsanto India on Monday posted 15.64% increase in net profit at Rs 56.24 crore during the first quarter ended June 30 on higher sales.

The company had clocked a net profit of Rs 48.63 crore in the same quarter a year ago.

Total income increased 11.38% to Rs 227.64 crore during the April-June period of this financial year from Rs 204.37 crore in the same period in 2012, Monsanto India said in a filing to the BSE.

Monsanto India is a subsidiary of the US-based Monsanto engaged in selling agri-inputs. It is the only publicly listed Monsanto entity outside USA.

The company scrip closed 2.59% up at Rs 647.90 on the BSE.