Bayer Cropscience is one of the world's leading innovative enterprises in crop protection, seeds, biotechnology and non-agricultural pest control. It has posted one of its best performances for Q1FY10. The jump in net sales percolated down to all levels thus giving a winning quarter. Usually, given the cyclical nature of its business, its lean period is Q4 and best is Q1 and some effect of this rubs off into Q2. And looks like this cycle have been excellent for current Q1.
Net sales were up 21% on a YoY at Rs.601.77 crore. In terms of operating margins, Q2FY09 was its best at 20.11% and current Q1 comes close on its heels at 15.63%. It was at 12.33% in Q1FY09. Net profit surged by a smart 61% at Rs.56 crore. Once again in terms of NPM, Q2FY09 tops the list at 11.73% as against 9.31% in current Q1. It is being noted here that Q4FY09 was the worst quarter for the company where NPM had slipped below one percent at 0.84%.
The Bayer group has a 71.11% stake in the company and institutional holding is 13.03%, in which LIC holds 4.17%.
The acquisition of Aventis CropScience has helped catapult Bayer CropScience to one of the premier organizations in the world in the areas of Crop Protection, seeds biotechnology and non-agricultural pest control.
Stay invested and one can buy on every decline.
Net sales were up 21% on a YoY at Rs.601.77 crore. In terms of operating margins, Q2FY09 was its best at 20.11% and current Q1 comes close on its heels at 15.63%. It was at 12.33% in Q1FY09. Net profit surged by a smart 61% at Rs.56 crore. Once again in terms of NPM, Q2FY09 tops the list at 11.73% as against 9.31% in current Q1. It is being noted here that Q4FY09 was the worst quarter for the company where NPM had slipped below one percent at 0.84%.
The Bayer group has a 71.11% stake in the company and institutional holding is 13.03%, in which LIC holds 4.17%.
The acquisition of Aventis CropScience has helped catapult Bayer CropScience to one of the premier organizations in the world in the areas of Crop Protection, seeds biotechnology and non-agricultural pest control.
Stay invested and one can buy on every decline.
Source: www.premiuminvestments.in (By S P Tulsian)
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