Agro-chemical firm Insecticides India Tuesday reported more than three-fold jump in standalone net profit to Rs 28.55 crore during the fourth quarter of 2018-19 on strong sales.
Net profit stood to Rs 7.68 crore in the same quarter of previous fiscal, the company said in a regulatory filing.
Total income increased to Rs 199.90 crore during the March quarter of 2018-19 from Rs 169.30 crore in 2017-18.
Commenting on the performance, the company's Managing Director Rajesh Agarwal said, "In fourth quarter 2019, agro-chemical industry registered a mixed performance with a soft Rabi season due to deficient post monsoon and winter rainfall, whereas export revenues increased due to favourable demand in global markets."
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