Bayer CropScience Limited announced on February 11, 2025, its unaudited results for the quarter and nine months ended December 31, 2024. In the third quarter (Q3) of Financial Year (FY) 2024-25, Bayer CropScience Limited (BCSL) earned Revenue from Operations of Rs 10,569 million, as compared to Rs 9,549 million in the corresponding period of FY 2023-24. Profit Before Tax stood at Rs 336 million, compared to Rs 1,242 million in the corresponding period of FY 2023-24.
For the nine months ended December 31, 2024, BCSL reported Revenue from Operations of Rs 44,257 million, compared to Rs 43,117 million for the corresponding period in FY 2023-24. Profit Before Tax for the nine months ended December 31, 2024, stood at Rs 5,395 million, compared to Rs 8,360 million for the corresponding period in FY 2023-24.
Commenting on the quarterly performance, Simon Wiebusch, Vice Chairman, Managing Director and Chief Executive Officer, BCSL said, “In Q3, BCSL saw a 11% increase in Revenue from Operations, mainly driven by growth in our Corn business. We prioritized market share gains and launches of new hybrids. Improved reservoir levels compared to last year helped rice cultivation in the South, though growth and profit in our agrochemical business was tempered by reduced investments in the chilli crop. Overall, the current growing season shows good liquidation.”
Simon Britsch, Whole-time Director (Executive) and Chief Financial Officer, BCSL said, “Continuing cost efficiency measures were offset by targeted investments in promotional activities as well as provisions for doubtful receivables, attributable to a challenging agricultural economy. We are actively engaged in recovery efforts.”
Bayer CropScience announced the appointment of Vinit Jindal as Whole-Time Director, designated Executive Director and Chief Financial Officer, effective March 1, 2025, as part of a planned leadership transition. The company also expressed gratitude to Simon Britsch for his successful efforts and strong commitment to the sustainable growth of BCSL during his tenure.
