Dhanuka Agritech launches BiologiQ range of products

Agri-input firm Dhanuka Agritech announced its entry into the agri-biological segment with the launch of its BiologiQ range of products. The company has launched three introductory products - Whiteaxe biological insecticide, Downil biological fungicide, and Sporenil biological wilticide - in the bio-agri segment.

Whiteaxe is a biological solution for white grub, termites, and borers; Downil is for downy mildew, while Sporenil is for control of wilt, rot, and damping. BiologiQ products can be used individually or in combination with conventional chemical products under an Integrated Pest & Nutrition Management (IPNM) plan to produce powerful results for the crop and the soil.

"This segment is increasing globally, and we see good demand for these products in India as well. We hope that in times to come we will be introducing some more biological products in our BiologiQ range," Dhanuka Group Managing Director M K Dhanuka said in a statement.

According to the statement, the Gurugram-headquartered company clocked Rs 65.31 crore net profit during the January-March quarter, registering a 20.3% growth over the same quarter of the previous fiscal year. For FY22-23 the net profits stood at Rs 233.51 crore, an increase of 11.8% over last fiscal. The company recorded revenues of Rs 1700.22 crore for the period ended March 31, 2023, an increase of 15.1% over Rs 1477.78 crore in FY21-22. Profit after tax was Rs 233.51 crore, as compared to 208.78 crore in the previous fiscal, it said.

Dhanuka Group is one of India’s leading plant protection companies and is listed on BSE and NSE. The company has 3 manufacturing units located in Gujarat, Rajasthan, and J&K. BiologiQ represents a broad category of crop protection, soil health, and plant nutrition products that are derived from nature. They are a unique range of sustainable solutions developed with the fusion of traditional science and new-age agriculture practices.

BiologiQ portfolio supports 4Rs Resistance, Residue, Resurgence, and Soil Rejuvenation management with different action modes, resulting in increased crop yield and farm productivity, the company added.