SME Times News Bureau | 13 Nov, 2019
Agrochemical company Insecticides India's profit after tax for the
quarter ended September stood at Rs 49 crore, up by 13.6 per cent from
the corresponding quarter of the previous year.
Its operating
revenue increased to Rs 861 crore from Rs 777 crore in H1 FY2019, a
growth of 10.8 per cent on year-on-year basis. The company's EBITDA
increased by 8.3 per cent to Rs 135 crore from Rs 125 crore as compared
to the same period last year.
Insecticides India's Managing
Director Rajesh Agarwal said that the domestic economy in Q2 FY2020
continued to face headwinds which were present at the beginning of the
fiscal year. Due to broad based slowdown in rural demand, the impact of
the slowdown was visible in the agrochemicals sector as well.
