India Pesticides Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2023
November 06, 2023 at 10:45 am EST
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India Pesticides Limited reported earnings results for the second quarter and six months ended September 30, 2023. For the second quarter, the company reported sales was INR 2,019.7 million compared to INR 2,506.6 million a year ago. Revenue was INR 2,061 million compared to INR 2,530.2 million a year ago. Net income was INR 195 million compared to INR 372.1 million a year ago. Basic earnings per share from continuing operations was INR 1.7 compared to INR 3.23 a year ago. Diluted earnings per share from continuing operations was INR 1.7 compared to INR 3.23 a year ago.
For the six months, sales was INR 4,034.1 million compared to INR 4,691.2 million a year ago. Revenue was INR 4,108.5 million compared to INR 4,747.5 million a year ago. Net income was INR 350.1 million compared to INR 783.2 million a year ago. Basic earnings per share from continuing operations was INR 3.06 compared to INR 6.8 a year ago. Diluted earnings per share from continuing operations was INR 3.06 compared to INR 6.8 a year ago.
India Pesticides Limited is an India-based agrochemical company. The Company is engaged in the manufacture, sale and distribution of insecticides, fungicides, herbicides and various other agrochemical products. The Company also manufactures herbicide and fungicide technical and active pharmaceutical ingredients (APIs). Its technical products include herbicides, fungicides, insecticides and intermediates. Its formulations include IPL Dollar, IPL Vardan, IPL Vecto, IPL Trim WG, IPL-Sodhit DS, IPL-Sodhit WS, Captax-50, IPL Natraj, Sanjeevni, IPL Trim, IPL Talwar SC, Carbine-50 and others. Its active pharma ingredients include Anti-Fungal Drugs and Anti-Scabies Drugs. Its herbicides, such as Aclonifen, Pretilachlor, Prosulfocarb and others. The fungicides include Thiram, Ziram, Cymoxanil, Folpet, Captan and others. The insecticides include Diafenthiuron and Thiamethoxam. It supplies its products to the United States, Australia, Europe, Africa, South America and Asia.
INDIA PESTICIDES LIMITED 
