Bayer CropScience

According to the technical analyst from Anand Rathi, Metro Brands can rally to Rs 910; while Bayer Cropscience can surge to Rs 5,200.

Bayer Cropscience Ltd on Wednesday posted a 5.51 per cent increase in net profit at Rs 162.6 crore in the September quarter. The company had a net profit of Rs 154.1 crore in the same quarter previous fiscal, according to a regulatory filing. Total income increased to Rs 1,451.9 crore in the second quarter of the current fiscal from Rs 1,365.1 crore in the year-ago period. Bayer Cropscience said it concluded the sale of a part of its seeds distribution portfolio consisting of mustard, millet, cotton and sorghum seeds during the third quarter of the 2021-22 fiscal. "Considering this, the portfolio adjusted revenue from operations grew by 8 per cent for Q2 and 14 per cent for H1 of the 2022-23 fiscal, respectively," the company said. Bayer Cropscience Executive Director Simon-Thorsten Wiebusch said, "our continuing revenue growth in Q2 was driven largely by strong demand and product liquidation of our crop protection portfolio despite continuing supply chain challenges and a tough

Exporters could do better as domestic firms are hit by monsoon delay, inventories

In the fourth quarter of 2021-22, the company's revenue from operations witnessed a growth of 31.29 per cent to Rs 963.3 crore compared to Rs 733.7 crore in corresponding quarter of the previous year

Bayer Cropscience Ltd posted a net profit of Rs 84.8 crore for the third quarter of 2021-22 on better revenue and sale of its seed business.

Bayer Cropscience Ltd has reported a net profit of Rs 84.8 crore in the third quarter ended December 2021, despite unseasonal rains, crop infestations and a challenging corn season. The company had posted a net loss of Rs 45.1 crore in the corresponding quarter last fiscal. Net revenues rose to Rs 999.9 crore during the third quarter of the financial year 2021-22, compared with Rs 936.5 crore in the year-ago period. In a statement, the company said it has earned a profit of Rs 58.5 crore from the sale of its seed business to crystal crop protection on December 1, 2021. Expenses remained higher at Rs 940.6 crore, against Rs 830.4 crore in the said period. The company said it has incurred expenses in relation to the separation of employees arising from restructuring measures due to the amalgamation of Monsanto India Ltd with Bayer CropScience. Commenting on the performance, Bayer CropScience Executive Director Simon-Thorsten Wiebusch said the revenue has grown in the third quarter

To commemorate Bayer's presence in India for 125 years, the board has declared a special dividend of Rs 125 per equity share of Rs 10 each for the financial year 2021-22

Bayer CropScience Ltd on Wednesday approved sale of its traded seeds business, along with property in Telangana, to Crystal Crop Protection Ltd for Rs 62 crore

Given the focus on volume growth and price cuts margin pressures may remain

Bayer CropScience''s (BCSL) PBT stood at Rs 161.2 crore during the same quarter of 2019-20, Bayer CropScience said in a statement

With markets recovering, midcaps have also rebounded and in fact, have outperformed benchmark indices by a good margin in the last two months

Profit before exceptional items and tax came in at Rs 313.8 crore, up 54 per cent YoY.

Total income rose to Rs 1,242.7 crore in the first quarter of the fiscal, from Rs 969 crore in the corresponding period of the previous year

The sharp rerating of the sector and the company has taken valuations into expensive zone

The stock is trading close to its all-time high level of Rs 5,050, hit in intra-day deal on the BSE on June 2, 2017

Given the huge hit from lockdown, it is not surprising that 44 of the 80 companies have seen sharp cuts ranging 10% to 72%

New variety already launched in Bangladesh, company hopes to introduce it in India before onset of monsoon next year

In Kharif, corn and veggies crops also helped

While the near-term growth will depend on the monsoon, the Street will also look at the progress on the merger front between Bayer and Monsanto India

The stock dipped 8% to Rs 3,865 on the BSE after the agrochemicals company reported 25% drop in its net profit at Rs 1,427 million in September quarter, due to lower operational income.