Insecticides (India) Ltd shares jumped more than 3% following the release of its Q2 FY2024 earnings.
The company reported a 15.6% year-on-year increase in net profit, reaching ₹61.5 crore for the quarter ending September 30, 2024. This is up from ₹53.2 crore in the same period last year, showcasing improved profitability.
However, revenue from operations dipped 9.9%, coming in at ₹627 crore compared to ₹696 crore in the previous year.
As of 9:21 am, Insecticides shares were trading 2.94% higher at Rs 865.15 on the NSE.
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