Insecticides (India) Limited, one of India’s leading crop protection and nutrition company, announced its consolidated financial results for the quarter and half year ended September 30, 2024.

The company reported Q2 FY25 PAT at Rs. 61 crore as compared to Rs. 53 crore in Q2 FY24, reflecting a growth of 16 per cent. Revenue from Operations in Q2 FY 25, however, dropped by 10 per cent at Rs. 627 crore from Rs. 696 crore in Q2 FY24. EBITDA in Q2 FY 25 was Rs. 90 crore as compared to Rs. 82 crore in Q2 FY24.

For H1 2025, Insecticides (India) Revenue from Operations stood at Rs. 1,284 crore as compared to Rs. 1,336 crore, reflecting 4 per cent drop. H1 FY25 PAT stood at Rs. 161 crore as compared to Rs. 128 crore, registering a growth of 26 per cent.

Commenting on the results and performance, Rajesh Aggarwal, MD, Insecticides (India) Ltd. said: “We are pleased to announce our Q2 & H1 FY25 results, reflecting healthy performance across key financial and operational metrics. Achieving Net Profit of Rs 111 Crs in first half, we have already surpassed the full FY24 profit of Rs 102 Crs—a testament to the strength of our strategy and execution. Our focus will remain on driving higher growth in premium products, underpinned by New Product Launches, more extensive demand generation and brand-building initiatives.

“During the quarter, we observed firming up of raw material prices although excessive and continued rainfall resulted in lower pest infestation. The farmers delayed their spraying schedule, which adversely impacted revenue growth for the Company. The monsoon has been marking India’s wettest monsoon in four years, with rainfall exceeding 100% of the long term average, resulting an increase in sowing for Kharif crop and promising outlook for Rabi season.

“This quarter, we have launched an innovative 9(3) herbicide for maize, Torry Super based on SPF technology, developed by in-house R&D team. SPF technology of Torry Super will provide faster results and long duration control of weeds. We are getting an overwhelming response of Torry Super in maize of Rabi season in the southern & western part of the country, where season has already begun. Our strategic emphasis remains on premiumisation, capital efficiency and surplus cash generation with visible improvement across profitability, working capital & ROCE, ROE.

“In a move to reward our shareholders, we completed a buyback of 500,000 fully paid-up equity shares at Rs 1,000 each, amounting to Rs 50 Crs, through internal accrual. With favorable market conditions and intense focus on premiumisation, we expect healthy profit growth and leaner balance sheet as we progress into this financial year.”