India Pesticides Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2024
May 30, 2024 at 07:38 am
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India Pesticides Limited reported earnings results for the fourth quarter and full year ended March 31, 2024. For the fourth quarter, the company reported sales was INR 1,263.2 million compared to INR 1,981.8 million a year ago. Revenue was INR 1,298.8 million compared to INR 2,010.9 million a year ago. Net income was INR 10.6 million compared to INR 299.9 million a year ago. Basic earnings per share from continuing operations was INR 0.09 compared to INR 2.67 a year ago. Diluted earnings per share from continuing operations was INR 0.09 compared to INR 2.67 a year ago.
For the full year, sales was INR 6,804.1 million compared to INR 8,849.4 million a year ago. Revenue was INR 6,955.5 million compared to INR 8,981.7 million a year ago. Net income was INR 601.7 million compared to INR 1,432.4 million a year ago. Basic earnings per share from continuing operations was INR 5.24 compared to INR 12.46 a year ago. Diluted earnings per share from continuing operations was INR 5.24 compared to INR 12.46 a year ago.
India Pesticides Limited is an India-based agrochemical company. The Company is engaged in the manufacture, sale and distribution of insecticides, fungicides, herbicides and various other agrochemical products. The Company also manufactures herbicide and fungicide technical and active pharmaceutical ingredients (APIs). Its technical products include herbicides, fungicides, insecticides and intermediates. Its formulations include IPL Dollar, IPL Vardan, IPL Vecto, IPL Trim WG, IPL-Sodhit DS, IPL-Sodhit WS, Captax-50, IPL Natraj, Sanjeevni, IPL Trim, IPL Talwar SC, Carbine-50 and others. Its active pharma ingredients include Anti-Fungal Drugs and Anti-Scabies Drugs. Its herbicides, such as Aclonifen, Pretilachlor, Prosulfocarb and others. The fungicides include Thiram, Ziram, Cymoxanil, Folpet, Captan and others. The insecticides include Diafenthiuron and Thiamethoxam. It supplies its products to the United States, Australia, Europe, Africa, South America and Asia.