Insecticides Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2024
May 28, 2024 at 08:01 am
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Insecticides (India) 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 2,725.02 million compared to INR 3,018.97 million a year ago. Revenue was INR 2,770.37 million compared to INR 3,023.09 million a year ago. Net income was INR 77.64 million compared to net loss of INR 292.97 million a year ago. Basic earnings per share from continuing operations was INR 2.62 compared to basic loss per share from continuing operations of INR 9.9 a year ago. Diluted earnings per share from continuing operations was INR 2.62 compared to diluted loss per share from continuing operations of INR 9.9 a year ago.
For the full year, sales was INR 19,663.86 million compared to INR 18,013.29 million a year ago. Revenue was INR 19,758.53 million compared to INR 18,025.92 million a year ago. Net income was INR 1,023.65 million compared to INR 632.11 million a year ago. Basic earnings per share from continuing operations was INR 34.59 compared to INR 21.36 a year ago. Diluted earnings per share from continuing operations was INR 34.59 compared to INR 21.36 a year ago.
Insecticides (India) Limited is an India-based company. The Company is engaged in the manufacturing activities of agricultural chemicals, pesticides and technical products for agricultural purposes. The Company caters to both domestic and international markets. The Company has a product range of approximately 100 products that include agricultural chemicals, household pesticides and biological products, which are being sold to the end consumer, which is farmers through channel partners. It also supplies products to international customers in approximately 30 countries with more than 100 customers through registrations. The Companyâs product categories include insecticides, herbicides, fungicides, biologicals/plant growth regulators (PGR), Focus Maharatna and maharatna products. Its insecticide products include Mission SC, Bheema Plus, Milthion, Metacil, Turner, Supremo SP, Lethal Super 550, Dominant, Kunoichi, Hercules, Encounter, Bheema, Sargent SC, Super Star and others.