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Monsanto India Ltd.

Press Releases

Monsanto India Ltd. announces Q3 Results
Continues focus on Hybrid Corn Seed & Herbicide Businesses
Mumbai, January 23, 2008
 

Monsanto India Limited (MIL) today announced its unaudited financial results for the third quarter ended December 31, 2007. Profit After Tax (PAT) during the quarter increased to Rs. 18 crores vs. Rs. 14.30 crores, i.e. an increase of 25% over the corresponding period last year. PAT for the nine months ended December 31, 2007 increased by 21% from Rs. 72.25 crores to Rs. 87.61 crores. The Net Sales at Rs. 64.49 crores were marginally down during the quarter, while Net Sales for the nine month period ended December 31, 2007 at Rs. 313.41 crores were up 9% vs. the corresponding period last year.

Sharing perspective on the results, Mr. Amitabh Jaipuria, Managing Director, MIL said, "We are committed to the long-term success of Indian farmers and are strategically focused on our Dekalb hybrid corn seeds and Roundup herbicide businesses, which we believe are key to long-term growth and value, both of our customers and shareholders. We will continue to invest, in breeding and research programs that help develop higher yielding hybrids, and in awareness building farmers initiatives that showcase the benefits of hybrids versus conventional seeds."

On January 21, 2008, the Company announced the sale of certain brands from its agri-chemical business portfolio, which is pending shareholder approval, and which will reflect in the financial results of the next quarter.

About MONSANTO

Monsanto Company is a leading global provider of technology-based solutions and agricultural products that improve farm productivity and food quality. Monsanto Company is a Fortune 500 firm headquartered in St. Louis, Missouri (USA).

Monsanto India Limited (MIL) commenced operations in India in 1949 and is listed on the National Stock Exchange and Bombay Stock Exchange with approx. 72% of its stock directly or indirectly held by Monsanto Company, USA, and the rest by public. The Company was recently voted among India's Top 25 Best Employers as per the Hewitt Associates Survey 2007. For more information on Monsanto, see: www.monsanto.com, or www.monsantoindia.com.

For further details, please contact:
Christopher Samuel
Senior Manager - Public Affairs
+91 22 2824 7257 / 99675 82255
christopher.samuel@monsanto.com