India's Bayer CropScience posts lower quarterly profit as costs rise

Bayer Cropscience

11/02/2025 13:22

Feb 11 (Reuters) - Agricultural chemicals maker Bayer CropScience  BAYE.NS  posted a 63.3% drop in
third-quarter profit on Tuesday, as costs rose sharply.
    The Indian unit of German drugs and pesticides maker Bayer AG  BAYGn.DE  posted a consolidated profit of 342
million rupees ($3.9 million) for the three months ended December 31, compared with 931 million rupees a year earlier.
    Revenue from operations grew 10.7% to 10.57 billion rupees, while total expenses rose 24.9% to 10.56 billion
rupees.
    For further results highlights click (Full Story)

KEY CONTEXT
    Demand growth in the quarter stayed weak due to low pest infestations, favorable weather, and delayed seasonal
trends, impacting sales.
    Analysts believe India's agrochemical sector is set to recover in 2025 after a tough period of destocking, though
some firms still face challenges. 
    
    PEER COMPARISON
                                   Valuation (next    Estimates (next 12      Analysts' sentiment              
                                   12 months)         months)                                                  
                      RIC          PE     EV/EBITDA   Revenue     Profit      Mean     No. of   Stock to       Div
                                                      growth (%)  growth (%)  rating*  analyst  price          yield
                                                                                       s        target**       (%)
 Bayer Cropscience     BAYE.NS     26.94  19.52       10.03       26.70       Hold     6        0.82           2.57
 Coromandel            CORF.NS     25.78  16.87       5.05        15.19       Buy      9        0.90           0.41
 International                                                                                                 
 UPL                   UPLL.NS     18.91  8.70        8.50        198.05      Buy      21       0.95           0.15
 Rallis India          RALL.NS     22.90  11.52       10.70       30.76       Sell     13       0.91           1.06
 
    
* Mean of analysts' ratings standardised to a scale of Strong Buy, Buy, Hold, Sell, and Strong Sell

** Ratio of the stock's last close to analysts' mean price target; a ratio above 1 means the stock is trading above the
PT

    OCTOBER-DECEMBER STOCK PERFORMANCE
 
   
  
     -- All data from LSEG
     -- $1 = 86.6990 rupees


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 (Reporting by Yagnoseni Das and Anuran Sadhu in Bengaluru; Editing by Sumana Nandy)
 ((Yagnoseni.Das@thomsonreuters.com;))