Agrochemicals company India Pesticides announced Q3FY25 results Total Income was Rs 175 crore, an increase of 13.0% on YoY. EBITDA of Rs 29 crore, with EBITDA margin of 16.7%. Net Profit of Rs 16 crore, with PAT margin of 9.2%. Anand S. Agarwal, Director, Founder & Promoter said: “We are pleased to report revenue growth of 13% YoY for Q3FY25, achieving a total income of Rs 175 crore. This growth was underpinned by an increase in volumes, which highlights the demand for our products across key markets. While the increase in volumes demonstrates the strength of our operations and market presence, pricing adjustments in the international markets led to a modest impact on margins during the quarter. Additionally, our freight costs rose due to logistical challenges in the Red Sea region, and investments in strengthening our R&D; capabilities and workforce added to the cost base. These decisions were made with a long-term view to enhance our competitiveness and support the development of a strong product pipeline. We continue to drive operational efficiencies and prioritize innovation to maintain our leadership in key product categories. Our investments in R&D; and talent are aligned with our vision to deliver superior products that meet evolving customer needs and align with global trends. Looking ahead, we remain optimistic about the growth trajectory of the agrochemical sector. With a strong operational framework, an expanding product portfolio, and a deep commitment to excellence, we are confident in our ability to deliver sustainable growth while creating value for all our stakeholders.” Result PDF
Conference Call with India Pesticides Management and Analysts on Q2FY25 Performance and Outlook. Listen to the full earnings transcript.
Agrochemicals company India Pesticides announced H1FY25 & Q2FY25 results Q2FY25 Financial Highlights: Total Income was Rs 234 crore, an increase of 13.6% and 4.5% on YoY and QoQ respectively. EBITDA of Rs 39 crore, an increase of 25.2% on YoY with EBITDA margin of 16.6%. Net Profit of Rs 26 crore, an increase of 32.9% on YoY with PAT margin of 11.1%. H1FY25 Financial Highlights: Total Income was Rs 458 crore, an increase of 11.5% on YoY basis. EBITDA of Rs 71 crore, an increase of 23.9% on YoY with EBITDA margin of 15.5%. Net Profit of Rs 45 crore, an increase of 29.6% on YoY with PAT margin of 9.9%. Cash Flow from Operations stood at Rs 17 crore. Anand S. Agarwal, Director, Founder & Promoter said: “We continued our growth momentum in the second quarter of FY25 and achieved a Revenue growth of 13.6%, driven by increased volumes. This growth was further supported by favourable agricultural conditions, including above-average monsoon rainfall and higher crop sowing, which positively impacted demand. Despite global industry challenges, including subdued demand and pricing pressures, we delivered a robust performance, marked by significant margin expansion across our key metrics. This improvement in margins highlights the effectiveness of our focus on operational efficiencies, high-quality niche products, and disciplined cost management, which together enabled us to enhance profitability even in a challenging market environment. Our expansion initiatives are progressing as planned, strengthening our core capabilities and advancing infrastructure to support the production of specialty products. Looking ahead, we are focused on growth through expanding our customer base and enhancing our capabilities. Committed to continuous R&D; and innovation, we are building a robust pipeline of products to meet evolving customer needs and maintain our competitive edge. Driven by our commitment to customer satisfaction, operational excellence, and social responsibility, we are prepared to navigate uncertainties and emerge stronger, backed by the unwavering support of our stakeholders." Result PDF
Conference Call with India Pesticides Management and Analysts on Q1FY25 Performance and Outlook. Listen to the full earnings transcript.
Agrochemicals company India Pesticides announced Q1FY25 results: Total Income was Rs 224 crore, an increase of 9.4% and 72.5% on YoY and QoQ respectively EBITDA of Rs 32 crore, an increase of 22.2% on YoY with EBITDA margin of 14.2% Net Profit of Rs 19 crore, an increase of 25.5% on YoY with PAT margin of 8.7% Technicals + APIs constitute 65% of Total Revenue Commenting on the performance, Anand S. Agarwal, Director, Founder & Promoter said: “We have started FY25 on a very optimistic note with strong performance on both year on year and sequential basis. Total Revenue for the quarter was Rs 224 crore grew by 9.4% and 72.5% on YoY and QoQ basis respectively. This growth was largely driven by change in product mix and increase in sales volume, particularly formulations. Despite various headwinds from global economic environment including geopolitical issues, pricing pressures and increased freight costs, we showcased robust performance. We achieved a significant enhancement in EBITDA margins, improving by 149 bps YoY and 854 bps QoQ, reaching 14.2% during the quarter We are pleased to announce the successful commissioning of our intermediate plant, which marks a significant step towards the backward integration of one of our key fungicides, which was previously imported. This achievement is a testament to our inhouse Indigenous R&D; Technology and aligns with the Government of India's 'Atmanirbhar Bharat' initiative. By substituting imports with domestic manufacturing, we are not only enhancing our self-reliance but also contributing to the nation's economic growth. Looking ahead to FY25, we aim to do Capex of ~Rs 110 crore combining both IPL and SSL. Furthermore, we are poised to grow by expanding our customer base and strengthening capabilities. We are committed to leveraging consistent research and development efforts, driving innovation, and seizing new opportunities to fortify our market position. Despite industry challenges, we are confident in navigating them with our robust pipeline of innovative products and increased market presence, ensuring we meet the evolving needs of our customers and maintain our competitive edge.” Result PDF
Agrochemicals company India Pesticides announced FY24 results: Total Income was Rs 696 crore EBITDA of Rs 102 crore with EBITDA margin of 14.6% Net Profit of Rs 60 crore with PAT margin of 8.7% Commenting on the performance, Anand S. Agarwal, Director, Founder & Promoter said, “FY24 has been a challenging year for our industry, marked by significant headwinds from international markets due to decreased demand and high channel inventory. Additionally, the conflict in the Red Sea region has led to a significant surge in freight expenses and transit time, exerting pressure on both revenue and profitability. We remain committed to navigating these challenges with a focus on long-term growth and sustainability. We are pleased to announce the successful commissioning of production from the first block of our subsidiary, a key milestone achieved this quarter. All our capex plans are progressing as planned, and we continue to strategically enhance our R&D; capabilities, positioning us for potential yield improvements in the coming years. Additionally, we are realigning our existing plants for better capacity utilization. During the year, we have implemented strategic changes in our leadership team to better align with our long-term goals and drive future growth. We are moving ahead with clear vision of growth and are committed to fortifying our leadership in the domestic market, perpetually innovating, and extending our impact on a global scale. Our objectives for FY25 are firmly established, and with your continued support, we advance with unwavering confidence.” Result PDF
Conference Call with India Pesticides Management and Analysts on Q3FY24 Performance and Outlook. Listen to the full earnings transcript.
Conference Call with India Pesticides Management and Analysts on Q2FY24 Performance and Outlook. Listen to the full earnings transcript.