Mumbai : Bayer CropScience Limited (BSE: 506285) announced today its unaudited results for the quarter ended June 30, 2018. In Q1 of FY 2018-19, the Company registered Revenue from Operations of Rs. 8,318 million as compared to Rs. 7,371 million in the corresponding period of FY 2017-18. Revenue from Operations of Q1 FY 2017-18 included excise duty.

Profit for the period stood at Rs. 1,472 million, compared to Rs. 1,117 million in the corresponding period of the previous financial year.

Commenting on the first quarter results and future outlook, Richard van der Merwe, Vice Chairman & Managing Director, Bayer CropScience Limited, said: “Good commodity prices in the first quarter of the financial year created a positive market sentiment. This led to farmers increasing their spend on crop protection products. We remain confident that FY 2018-19 will be a year of positive growth for our company. In the months ahead, we will launch several new products which will benefit farmers in both Kharif 2018 and 2019.”