Monsanto Q1 net profit up by 12.5%

Monsanto Q1 net profit up by 12.5%Leading agrochemicals firm Monsanto India has declared its first quarter financial results for the fiscal year 2010-11.

The company has announced that it has registered a net profit of Rs 58.66 crore for the quarter that ended in 30th June, 2010.

This net profit figure has grown up by 12.59 % in this quarter as compared to the same quarter in the previous fiscal. This has been informed by Monsanto India in a filing at the Bombay Stock Exchange.

The net profit was Rs 52.1 crore for the like period in the preceding fiscal year. The company has also posted a significant hike in the total income figure in the quarter under review.

The total income of the company has touched Rs 201.80 crore during the April-June quarter of fiscal year 2010-11. It was Rs 245.6 crore for the same quarter in the preceding year. There has been a hike of 17.8% in the total income of the firm in this quarter this year against same period in last year.