Insecticides India shares witnessed a 6% decline following the release of its Q3 financial results, even though the company reported a solid year-on-year growth in profitability.
The company’s revenue remained steady at ₹357 crore. EBITDA surged 19% to ₹30.89 crore compared to ₹25.99 crore in the same quarter last year, leading to an improved EBITDA margin of 8.6% against 7.3% previously. Net profit saw a remarkable increase of 42%, reaching ₹17.36 crore from ₹12.25 crore in the prior year.
Insecticides India shares opened at ₹594.05, reaching a high of ₹598.85 and a low of ₹560.10. The stock’s 52-week range spans from ₹465.60 to ₹1,084.25. As of 9:43 AM, the shares were trading 5.04% higher at Rs 571.60.
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