Read more about Bayer CropScience Q4 PAT jumps 96.50% to Rs 62 cr on Business Standard. Bayer CropScience s (BSCL) net profit surged 96.50% to Rs 61.90 crore on 59.95% jump in revenue from operations to Rs 733.70 crore in Q4 March 2021 over Q4 March 2020.
On a standalone basis, Bayer Cropscience s net profit stood at Rs 45.10 crore in Q3 December 2020 compared with net loss of Rs 137.90 crore in Q3 December 2019.
Net sales jumped 7.5% to Rs 918.20 crore in Q3 FY21 as against Rs 854 crore in Q3 FY20. Profit before tax (PBT) dropped 35.3% to Rs 106.10 crore in Q3 December 2020 as against Rs 164.10 crore in Q3 December 2019. Current tax expense for the quarter surged 380.70% to Rs 154.30 crore as against Rs 32.10 crore paid in Q3 December 2019. The Q3 result was declared after market hours yesterday, 11 February 2021.
Commenting on the Q3 performance, D. Narain, the managing director (MD) & chief executive officer (CEO) of Bayer CropScience, said: Our third quarter was driven by double-digit sales growth in our Crop Protection products, especially in fungicides and herbicides. It was adversely affected by low commodity prices for corn in India, which caused sizeable reduction in corn acreages, especially in the late corn segment and s