Q1FY23 Quarterly Result Announced for Bayer Cropscience Ltd.
Agrochemicals company Bayer Cropscience announced Q1FY23 results: Revenue from Operations of Rs 16,674 million Profit Before Tax of Rs 3,823 million Commenting on the quarterly results, Simon-Thorsten Wiebusch, Executive Director, Bayer CropScience Limited said, “Our Q1 revenue from operations registered a robust growth of 18% despite global supply chain constraints. This was driven largely by our crop protection portfolio and product liquidation. We also witnessed volume growth in Corn seeds, driven by portfolio growth and better acreages in Kharif. Our rice hybrid volumes were impacted due to a delay in monsoon and unfavorable market conditions. Going forward, we expect challenges to persist specifically around global supplies of RoundUp® in the near term. However, we will continue proactive efforts to drive future growth with our diversity of portfolio and alternate business models.” Result PDF04-08-2022