Dhanuka Agritech announced that the 35th Annual General Meeting (AGM) of the company will be held on 15 September 2020.

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Dhanuka Agritech announced the vacation of office by Indresh Narain, Non Executive Independent Director of the company with effect from 20 May 2020.

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Profit before tax (PBT) increased 39.4% to Rs 50.32 crore in Q4 FY20 from Rs 36.10 crore in Q4 FY19.

Total expenditure stood at Rs 181.80 crore (up 13.8% year-on-year), interest payments were at Rs 0.39 crore (up 18.2% YoY) and depreciation costs came in at Rs 3.74 crore (up 22.6% YoY) in the fourth quarter.

Current tax expenses jumped 30% to Rs 12.84 crore during the quarter from Rs 9.88 crore in the same period last year.

Consolidated net profit rose 25.6% to Rs 141.35 crore on 11.4% increase in net sales to Rs 1,120.07 crore in the year ended March 2020 (FY20) over the year ended March 2019 (FY19). PBT stood at Rs 180.53 crore in FY20, up by 17.3% from Rs 153.96 crore in FY19.

Dhanuka Agritech manufactures insecticides, pesticides and other chemicals. The company has technical tie-ups with 4 American and 6 Japanese companies.

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Net profit of Dhanuka Agritech rose 45.79% to Rs 39.00 crore in the quarter ended March 2020 as against Rs 26.75 crore during the previous quarter ended March 2019. Sales rose 18.08% to Rs 227.57 crore in the quarter ended March 2020 as against Rs 192.72 crore during the previous quarter ended 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 during the previous year ended 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.

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