Commodity Online
MUMBAI: Monsanto India Ltd (BOM:524084), an agriculture solutions provider in seeds and genomics, reported heavy loss on the Bombay Stock Exchange (BSE) today, as the company reported dismal financial figures for its fourth quarter results for FY 2009.

The company posted net loss of Rs.26.74 crore in Q4 March 2009 as compared to net profit of Rs.11.62 crore in Q4 March 2008.
The company stocks were trading at Rs.1773 down by close to 8% today following disappointing figures from the Q4 results of the company. However, the stock had touched a day’s low of Rs.1741 down by more than 9% from its previous close.

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The company’s net sales had declined by 87.8% to Rs.5.94 crore in Q4 March 2009 over Q4 March 2008, while the net profits for the fiscal ended March 2009, had declined by 26.6% to Rs.73.54 crore on 6.8% rise in net sales to Rs.390.19 crore over the year ended March 2008.

The board of directors of the company had recommended a dividend of 120% at the rate of Rs.12 per equity share of Rs.10 for the period. The company is engaged in the technology-based integrated agriculture solutions especially in tow segments, seeds and genomics.

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