Insecticides (India) Q1 net profit up 14%

Date:08-18-2015

Insecticides (India) Ltd reported impressive figures during the quarter ending June 2015, gaining an income growth of 13 % as against the Q1 of last financial year.  IIL registered an increase in net profit by a healthy 14 % over the last year’s Q1, clocking a profit of Rs 19.80 crore as against Rs 17.40 crore in the quarter one of last year.

IIL recorded impressive growth across all key performance indicators including Turnover, Profit after Tax (PAT) as well as Earning per Share (EPS).

“The month of June recorded decent rainfall and this automatically boosted the sentiments of the trade and the farmers especially in the northern India.  The figures are encouraging and clearly indicate a continued growth of market for our products. We are persistently working on increasing our reach to the last farmer, with not only our products but also greater awareness about judicious usage of insecticides.” Mr. Rajesh Aggarwal, Managing Director, Insecticides India Ltd. (IIL), said.

The leading and most popular brands in the kitty of IIL include Nuvan, Pulsor, Hakama, Lethal, Victor, Thimet and Monocil. Last year, IIL launched Mycoraja, its first bio-product equipped to promote healthy growth and greater nutrient absorption in a wide range of crops from rice, wheat and vegetables to oilseeds as well as cotton.