Insecticides India witnessed a steep sell-off in its shares today, tumbling 10% despite delivering strong first-quarter results for FY26. As of 2:50 PM, the shares were trading 10.40% lower at Rs 916.10.
The company posted a net profit of ₹58 crore, a solid 17.4% jump from ₹49.4 crore in the same quarter last year, driven by steady sales and operational efficiencies. Revenue for the quarter stood at ₹691 crore, up 5.2% year-on-year from ₹657 crore, reflecting resilient demand in the agrochemical segment. EBITDA rose 16.6% to ₹84.4 crore compared to ₹72.4 crore last year, while operating margins improved to 12.2% from 11%.
Despite these upbeat numbers, investor sentiment turned bearish, with the stock opening at ₹1,030 and slipping to an intraday low of ₹904.50.
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