Insecticides India Q2 Results Live: Company Reports Mixed Performance Amid Rising Profits

New Delhi, November 12, 2024 - Insecticides India Limited, a leading manufacturer of agricultural products, has announced its results for the second quarter (Q2) of the current fiscal year.

In a review of their Q2 results, presented on November 11, 2024, Insecticides India revealed a mixed performance in terms of revenue and profits. The company's topline decreased by 9.9% compared to the same period last year, impacted primarily due to lower sales. On the other hand, profit saw a significant increase by 15.69%, with an improved net income of ₹61.49 crores.

Despite operational cost pressures, Insecticides India reported impressive operating income growth of 27.88% on a quarterly basis and 10.37% over the same period last year. The company's Selling, General and Administrative (SG&A) expenses showed a slight decline of 1%, while depreciations and amortizations decreased by 9%.

Analyzing EPS for Q2, Insecticides India achieved an impressive 15.77% YoY growth with an EPS of ₹20.78 per share.

The stock performance of the company has revealed mixed results over the past week, recording a -3.4% return. However, Insecticides India delivered remarkable returns in the last six months, posting a 52.55% return and YTD gain of 24.25%.

A review of market analyst expectations reveals that both analysts covering Insecticides India have rated "Buy" back-to-back recommendations from November 3, and both have given Buy ratings as of date based on a consensus basis.

These numbers have been widely appreciated by industry experts with optimistic predictions about the company's future performance in order to capitalize on its growth potential.