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24-May-2024

Bayer CropScience

Weather challenges and lower reservoir levels affected crop protection volumes


'Standalone net sales (including other operating income) of Bayer CropScience has declined 19.44% to Rs 791.50 crore.  Operating profit margin has declined from 20.95% to 12.20%, leading to 53.06% decline in operating profit to Rs 96.60 crore.  Raw material cost as a % of total sales (net of stock adjustments) increased from 52.50% to 54.02%.   Purchase of finished goods cost fell from 7.03% to 3.20%.   Employee cost increased from 10.66% to 13.14%.   Other expenses rose from 13.19% to 19.67%. 

Other income up 43% to Rs 29.6 crore.  PBIDT fell 44.28% to Rs 126.2 crore.  Provision for interest fell 32.88% to Rs 4.9 crore.  Loan funds declined from Rs 73.50 crore as of 31 March 2023 to Rs 47.10 crore as of 31 March 2024.  In...



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