Q1FY19 Result: Insecticides India PAT grows 11 per cent

Insecticides (India) reported its results for the quarter ended June 30, 2018 on Thursday during market hours.

The company’s standalone revenue for the quarter came in at Rs. 319 crore, registering 7.5 per cent yoy decline.

EBITDA for the quarter rose by 9.3 per cent yoy to Rs. 55.71 crore with a corresponding margin expansion of 269 bps. EBITDA margin for the quarter stood at 17.5 per cent. The company has been able to demonstrate a buoyant growth of 219 bps on account of higher realization in the Maharatna category, change of product mix, addition of new products with higher margins and gradually shelving off its generic products.

The PAT for the quarter came in at Rs. 34 crore, yoy increase of 11 per cent.

Insecticides India Ltd (IIL) is engaged in the manufacture of agro-chemicals, pesticides and technical products for agriculture purposes. Its segments include formulated pesticides and technical pesticides.

On Thursday, the stock opened at Rs. 780 per share and made an intraday high and low of Rs. 795.05 and Rs. 768.10, respectively on the BSE.