Insecticides (India) Limited — Updates, 11-11-2024: Press Release

Insecticides (India) Limited reported impressive financial results for Q2 and the first half of FY25, achieving a net profit of ₹111 Cr, surpassing its entire FY24 profit. The company saw a 34% increase in net profit in H1 FY25, reflecting strong execution of its strategic initiatives, particularly in premium product sales. Revenue from operations for Q2 FY25 was ₹627 Cr, down 10% year-on-year, while B2C revenue grew 7% despite challenging weather impacting the spraying season. Gross profit margins improved significantly by 670 bps to 32%, driven by premium product focus and effective cost management. The company launched a new herbicide, Torry Super, which has received positive feedback, especially for the upcoming Rabi season. In addition, IIL successfully executed a buyback of equity shares worth ₹50 Cr, signaling strong cash generation capabilities. With ongoing emphasis on premiumization and efficient operations, IIL maintains a positive outlook moving forward.