Insecticides (India) Limited announced its financial results for the third quarter ended December 31, 2024, showcasing mixed performance with a decline in revenue but significant growth in net profit.
Key Financial Highlights (Q3 FY25):
- Revenue from Operations: ₹357.70 crore, down marginally from ₹357.94 crore in Q3 FY24. The dip in revenue reflects softer demand in key markets and challenges in the agricultural sector.
- Total Income: ₹357.86 crore compared to ₹359.11 crore YoY.
- Net Profit: The company recorded a net profit of ₹17.36 crore, marking a significant 41.7% growth compared to ₹12.25 crore in the same period last year.
Expense Overview:
- Cost of Materials Consumed: ₹235.96 crore compared to ₹260.04 crore in Q3 FY24, driven by better procurement efficiencies.
- Employee Benefits Expense: ₹32.49 crore, up from ₹27.74 crore YoY.
- Finance Costs: ₹1.41 crore, down from ₹1.69 crore.
- Depreciation and Amortization: ₹7.58 crore compared to ₹7.41 crore in Q3 FY24.
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