India's Bayer CropScience rises on quarterly profit growth

Bayer Cropscience

27/05/2025 05:25

** Bayer CropScience BAYE.NS, a corn seeds and agrochemicals manufacturer, rises 10% to 5,650 rupees after the release of its fourth-quarter results

** Stock set for best day since September 2023, if gains hold

** BAYE's profit after tax grows 49% y/y and revenue grows 32% y/y

** Co says strong demand in the spring corn portfolio, marketing investments in Q3 and growth in crop protection drove results

** Antique Stock Broking says volume growth drove revenue and flags persisting pricing pressures

** Adds that normal monsoon forecasts and high corn prices should fuel maize seeds business growth going forward, while strong pre-monsoons will be a tailwind for the herbicide portfolio in the current quarter

** With session's gains, BAYE shares up ~9% in the last 12 months, erasing decline

 (Reporting by Ananta Agarwal in Bengaluru)

 ((Ananta.Agarwal@thomsonreuters.com))