Advanta India, which is engaged in the agricultural seeds business, today reported a 18% fall in its consolidated net
profit at Rs 14.26 crore for the quarter ended June 30, 2012.
The company had clocked a net profit of Rs 17.31 crore in the same period last year, Advanta India said in a filing to the Bombay Stock Exchange (BSE).
The company's net income rose to Rs 265.87 crore in the first quarter of the current fiscal compared to Rs 235.51 crore in the same period last fiscal.
Advanta India Ltd. Is associate firm of United Phosphorus Ltd., a leading agrochemical company.