Insecticides India Limited's Net Profit Jumps 14.5 % for FY22

One of the premier crop protection companies of the country, Insecticides (India) Ltd. has reported 14.5 % jump in net profits at Rs 107.02 crore for the financial year ended 31St March 2022, as compared to Rs 93.43 crore in the previous fiscal.

Net profit for Q4 stood at Rs 22.39 crores in comparison to Rs 21.95 crore in Q4 of last year. Total income from operations stood at Rs. 1504 crore, compared to Rs. 1420 crore in the year-ago period, with a growth of about 6%.

"The company is on a steady upward trajectory with new additions and their acceptability in the market. The introduction of new products adds depth to our market offering and also helping us to broaden our reach. We anticipate that our performance will follow the same steady pattern in the coming years as well. IIL is confident in its R&D team's ability to consistently develop new product offerings that meet market demands. Our team of crop advisors has been working hard to educate the farmers, which have benefited millions of farmers. I am confident that the IIL team will lead the organization to new heights. We believe in what we're doing, and we're looking forward to an exciting year ahead filled with new chances and challenges. I would also like to mention good growth in the export this year and crossing the 100 Crore mark. With the support of our customers, vendors, channel partners, and other key stakeholders, we are committed to achieving our objectives with zeal and commitment," said Mr. Rajesh Aggarwal, Managing Director, Insecticides (India) Limited.

Shares of Insecticides (India) Limited was last trading in BSE at Rs. 741.85 as compared to the previous close of Rs. 736.65. The total number of shares traded during the day was 2214 in over 578 trades.

The stock hit an intraday high of Rs. 749.30 and intraday low of 725.00. The net turnover during the day was Rs. 1628469.00.

Source : Equity Bulls

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InsecticidesIndia INE070I01018 Q4FY22 FY2022 ResultUpdate