Shares of Dhanuka Agritech Ltd. declined nearly 3% after reporting a weak set of second quarter earnings on Friday, October 31.

Its net profit declined 20% to 94 crore in the September quarter from ₹117.5 crore last year.

The company's revenue was down 8.6% at ₹598.2 crore from ₹654.3 crore in the second quarter last year.

Dhanuka Agritech's earnings before interest, taxes, depreciation and amortisation declined 14.4% to ₹136.6 crore from ₹159.6 crore last year.

Its margin contracted as well to 22.84% from 24.39%.

In July, the company had told CNBC-TV18 that it was targeting a 14-15% revenue growth in the financial year 2026, and it was expecting a stronger second quarter supported by a favourable monsoon.

The company's chairman Mahendra Kumar Dhanuka had said the second quarter w

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