Insecticides India Q1 net dips 8.4% at Rs 18.13 cr

Agro-chemical firm Insecticides India has reported 8.4 per cent decline in net profit at Rs 18.13 crore for the quarter ended June 30.
Its net profit stood at Rs 19.80 crore in the year-ago period.
Income from operations increased to Rs 304.85 crore in the first quarter of this fiscal from Rs 285.40 crore in the corresponding period of the previous year.
"The last two years have not been very favourable for agriculture. But we are hopeful of making a good recovery this financial year," said Rajesh Aggarwal, MD, Insecticides India.
He said the company plans to launch a series of new products to boost profitability and growth.

"We are persistently working on increasing our reach to the farmer, not only with our products but also with our awareness campaign," he said.
Insecticides India posted a revenue of nearly Rs 1,000 crore during last fiscal.
The company has formulation facilities in Chopanki (Rajasthan), Samba & Udhampur (Jammu & Kashmir) and Dahej (Gujarat). It also has technical synthesis plants at Chopanki and Dahej to manufacture technical grade chemicals.