Insecticides India Q3 net profit rises 45% to Rs 6.76 crore

Date:02-17-2014

Indian agrochemical firm Insecticides Ltd (IIL) has reported a 45 % increase in its net profit at Rs 6.76 crore for the third quarter ended December 31, 2013.

It had clocked a net profit of Rs 4.65 crore in the same period last fiscal, the company said.

Total income of the quarter rose to Rs 190.89 crore against Rs 118.83 in the year-ago period.

Commenting on the company's performance, IIL Managing Director Rajesh Aggarwal said: "Figures are encouraging for the third quarter of the financial year 2013-14. Our new products like Hakama, Pulsor, Nuvan, Xplode and Logo have also got good response from the market."

Aggarwal said it is an encouraging sign for the industry that Indian farmers are adopting latest technologies.

"We expect good contribution from our new products in the next year as well," he said.