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Published on 17/05/2018 5:39:00 PM | Source: Dion Global Solutions Ltd

Monsanto India Q4 net profit jumps 76.49% at Rs 53.14 cr

The company reported standalone net profit of Rs 53.14 crore for the quarter ended March 31, 2018 as compared to Rs 30.11 crore in the same period last year, registering a year-on-year growth of 76.49 per cent. Net revenue of the company rose moderately by 12.03 per cent at Rs 156.85 crore in January-March quarter of this fiscal as against Rs 140.01 crore in the corresponding period last year. During January-March quarter, operating expenses dropped by 2.91 per cent to Rs 102.29 crore from Rs 105.36 crore in year ago period.

Other Income dipped by 11.81 per cent at Rs 4.33 crore versus (Mar'17 Rs 4.91 crore). Operating Profit surged by 57.46 per cent to Rs 54.56 crore as against Rs 34.65 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 40.53 per cent in March quarter. Interest declined by 19.44 per cent y-o-y to Rs 0.29 crore, while Taxation decreased by 95.13 per cent at Rs 0.32 crore (Mar'17 Rs 6.57 crore).