Agrochemicals company Insecticides (India) announced Q2FY25 results Revenue from Operations: Rs 627 crore compared to Rs 696 crore during Q2FY24, change -10%. EBITDA: Rs 90 crore compared to Rs 82 crore during Q2FY24, change 9%. EBITDA margin: 14.3% for Q2FY25. PAT: Rs 61 crore compared to Rs 53 crore during Q2FY24, change 16%. PAT margin: 9.8% for Q2FY25. Rajesh Aggarwal, MD of Insecticides (India), said: “We are pleased to announce our Q2 & H1FY25 results, reflecting healthy performance across key financial and operational metrics. Achieving Net Profit of Rs 111 crore in first half, we have already surpassed the full FY24 profit of Rs 102 crore—a testament to the strength of our strategy and execution. Our focus will remain on driving higher growth in premium products, underpinned by New Product Launches, more extensive demand generation and brand-building initiatives. During the quarter, we observed firming up of raw material prices although excessive and continued rainfall resulted in lower pest infestation. The farmers delayed their spraying schedule, which adversely impacted revenue growth for the Company. The monsoon has been marking India’s wettest monsoon in four years, with rainfall exceeding 100% of the long term average, resulting an increase in sowing for Kharif crop and promising outlook for Rabi season This quarter, we have launched an innovative 9(3) herbicide for maize, Torry Super based on SPF technology, developed by in-house R&D; team. SPF technology of Torry Super will provide faster results and long duration control of weeds. We are getting an overwhelming response of Torry Super in maize of Rabi season in the southern & western part of the country, where season has already begun. Our strategic emphasis remains on premiumisation, capital efficiency and surplus cash generation with visible improvement across profitability, working capital & ROCE, ROE. In a move to reward our shareholders, we completed a buyback of 500,000 fully paid-up equity shares at Rs 1,000 each, amounting to Rs 50 crore, through internal accrual. With favorable market conditions and intense focus on premiumisation, we expect healthy profit growth and leaner balance sheet as we progress into this financial year.“ Result PDF
Agrochemicals company Insecticides (India) announced Q4FY24 & FY24 results: Q4FY24 Financial Highlights: Revenue from Operations stood at Rs 273 crore in Q4FY24 compared to Rs 302 crore in Q4FY23 EBITDA stood at Rs 9 crore in Q4FY24 as against Rs (28) crore in Q4FY23 PAT stood at Rs 8 crore in Q4FY24 as against a loss of Rs (29) crore in Q4FY23 FY24 Financial Highlights: Net Revenues for FY24 stood at Rs 1,966 crore vs Rs 1,801 crore in FY23 B2C business revenue grew by 11% leading to higher profitability Strong growth of 27% in value added product portfolio of ‘Maharatna’, which constitutes 59% of B2C revenue in FY24 B2B and Exports revenue remains impacted due to industry challenges Favorable product mix and costs efficiencies led improvement in profitability PAT for FY24 was at Rs 102 crore, registering a growth of 62%; PAT margins expand by 170 bps in FY24 marking a strong recovery in a challenging industry environment Commenting on the results and performance, Rajesh Aggarwal, MD of Insecticides (India) Ltd. said: “We are delighted to report a strong performance for Q4FY24 and FY24, with our annual net profit crossing Rs 100 crore, representing a 62% year-over-year growth compared to FY23. This achievement is a testament to our resilience and adaptability in a challenging industry environment. Our revenue for FY24 stood at Rs 1,966 crore, registering a 9% growth, primarily driven by the impressive performance of our focused Maharatna and Maharatna products, which saw a remarkable 27% year-over-year growth and contributed 59% to our total sales. We attribute this success to our strategic focus on product mix optimization and cost efficiencies, which led to improved profitability and higher GP and EBITDA margins. Our commitment to operational excellence has enabled us to optimize costs, improve efficiency, and remain agile in response to changing market conditions. We continue to invest in our premium product portfolio, distribution network, and brand equity, reinforcing our position as a trusted partner for farmers and agricultural stakeholders. We have introduced 8 new products in FY24, which generated revenue of Rs 51 crore and demonstrated wider product acceptance, driving innovation and value. Looking ahead, we are excited about the prospects for our new product launches, which will further enhance our portfolio and address the needs of the farmers. This will lead us to be close to the farmers and address the emerging needs of the farmers on an ongoing basis. We expect to launch at least 7-8 new products in FY25. Our dedication to sustainability and responsible growth remains unwavering, as we strive to make a positive impact on the environment and the communities we serve. We are grateful for the support of our stakeholders, whose trust and confidence in our vision have been instrumental in our success. As we move forward, we remain committed to innovation, sustainability, and excellence, driving growth and value for all our stakeholders." Result PDF