Bayer CropScience Ltd News

Bayer CropScience Ltd Q1 results: Net profit decreases 23% to Rs 254 cr

Bayer CropScience Ltd on Thursday reported a 23 per cent decline in its net profit to Rs 254.2 crore in the first quarter of this fiscal. Its net profit stood at Rs 328.5 crore in the corresponding period of the previous year. The company's total income fell to Rs 1,658.7 crore in the April-June period of this fiscal from Rs 1,760.3 crore in the year-ago period, according to a regulatory filing.

Bayer Corp, Ashiana Housing record up to 50-fold jump in volume on July 11

Bayer Corp, Ashiana Housing, India Grid Trust, KCP Sugar and SCI among 9 stocks to log over 10-fold jump in daily trading volumes on the BSE on Thursday.

Bayer, Solynta partner to roll out hybrid potato seeds in Kenya, India

German agrochemicals giant Bayer on Monday said it has agreed to collaborate with Dutch potato breeding company Solynta for commercialisation and distribution of true potato seeds in Kenya and India. The partnership marks Bayer's entry into the global potato market and represents its first collaboration with Solynta, a specialist in developing hybrid potato varieties. According to Bayer, the initiative aims to introduce true potato seeds as an alternative to traditional seed tubers. These seeds require only 25 grams per hectare compared to 2,500 kg of seed tubers, offering significant logistical and disease-control advantages. Bayer will leverage its distribution networks in Kenya and India to commercialise Solynta's hybrid potato varieties, targeting smallholder farmers in remote areas, it said in a statement. "We expect these true potato seeds to have a positive impact on local communities and on food and nutritional security in Kenya and India," Bayer's Crop Science Division Hea

Bayer CropScience Q4 results: PAT drops 39.43% to Rs 96 cr on lower income

Bayer CropScience Ltd, the Indian unit of German crop science group Bayer AG, has reported a 39.43 per cent slump in net profit to Rs 96 crore for the fourth quarter of the 2023-24 fiscal, hurt by lower income. The company had posted a net profit of Rs 158.5 crore a year earlier, a statement said. Its total income for the fourth quarter declined about 18 per cent to Rs 821.1 crore from Rs 1,003.2 crore in the year-ago period. For the full year ended March 2024, the net profit dropped 2.33 per cent to Rs 740.5 crore, while total income dipped marginally to Rs 5,184.2 crore from Rs 5,203.6 crore a year ago. "Despite weather challenges and lower reservoir levels affecting crop protection volumes, our performance remained resilient," said its managing director and chief executive officer Simon Wiebusch. While revenue took a hit due to lower prices of its roundup herbicide and inventory management initiatives, the company's corn seeds business continued to grow, Wiebusch added. Pruden

Bayer CropScience stock declines 6% on Friday post Q4; Check details here

Bayer CropScience's revenue slipped 19.5 per cent on a year-on-year (Y-o-Y) basis to Rs 792 crore as opposed to Rs 983 crore in the same quarter a year ago

Bayer partners govt's CSC, Gram Unnati for last-mile agri inputs delivery

Bayer CropScience on Wednesday said it has tied up with the government's Common Service Center (CSC) and agri-tech firm Gram Unnati to facilitate last-mile delivery of agri-inputs to smallholder farmers in India. As part of the memorandum of agreement, smallholder farmers will be able to access timely crop advisory, transfer of good agricultural practices and access to premium Bayer products through CSC's online portal. Gram Unnati will facilitate farmer mobilization and ensure market linkages. In the first phase, the partnership will support farmers in Telangana, Andhra Pradesh, Karnataka, Tamil Nadu and Kerala, it said in a statement. The CSC scheme, a collaborative e-governance platform, is part of the Digital India programme. The Special Purpose Vehicle (SPV) aims to facilitate the delivery of government, private and social sector services to Indian citizens through the CSC network. It supports linkages, connecting villages in India through high-speed internet and scaling the