India Pesticides Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023
February 07, 2024 at 11:16 am EST
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India Pesticides Limited reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was INR 1,547.1 million compared to INR 2,222.3 million a year ago. Revenue was INR 1,547.1 million compared to INR 2,222.3 million a year ago. Net income was INR 239.9 million compared to INR 347.8 million a year ago. Basic earnings per share from continuing operations was INR 2.09 compared to INR 3.02 a year ago. Diluted earnings per share from continuing operations was INR 2.09 compared to INR 3.02 a year ago.
For the nine months, sales was INR 5,656.3 million compared to INR 6,969.7 million a year ago. Revenue was INR 5,656.3 million compared to INR 6,969.7 million a year ago. Net income was INR 599.2 million compared to INR 1,131.2 million a year ago. Basic earnings per share from continuing operations was INR 5.23 compared to INR 9.82 a year ago. Diluted earnings per share from continuing operations was INR 5.23 compared to INR 9.82 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.