As of 9:58 am, shares of India Pesticides Limited were trading 3.53% higher at ₹211.01 on the NSE following the release of its second-quarter earnings. The company reported a solid performance, with growth in both sales and net income compared to the previous year.
For Q2, India Pesticides posted sales of ₹2,287.8 million, up from ₹2,019.7 million a year ago, with revenue rising to ₹2,341.8 million from ₹2,061 million. Net income for the quarter increased to ₹259.1 million, up from ₹195 million in the same period last year. The basic and diluted earnings per share from continuing operations stood at ₹2.25, up from ₹1.7 a year ago.
In the first half of the fiscal year, the company’s sales reached ₹4,491.5 million, an increase from ₹4,034.1 million in the prior year period, while revenue grew to ₹4,582.9 million from ₹4,108.5 million. Net income rose to ₹453.9 million from ₹350.1 million, with basic and diluted earnings per share improving to ₹3.95 from ₹3.06 a year ago.
These results highlight the company’s growth trajectory, driven by increased sales and profitability, which has contributed to a positive market response.
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