Insecticides India Reports Strong Q3 Profit Growth Amid Score Adjustment

Feb 10 2025 06:19 PM IST
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Insecticides India has announced its financial results for the quarter ending December 2024, showcasing a significant increase in Profit After Tax at Rs 17.37 crore and Profit Before Tax at Rs 22.12 crore. The company also reported its highest cash and cash equivalents in recent periods, indicating improved liquidity.
Insecticides India, a player in the Pesticides & Agrochemicals sector, has released its financial results for the quarter ending December 2024. The company reported a notable performance in its Profit After Tax (PAT), which reached Rs 17.37 crore, reflecting a growth of 41.1% year on year. Similarly, the Profit Before Tax (PBT), excluding other income, stood at Rs 22.12 crore, marking a year-on-year increase of 39.56%. These figures indicate a robust near-term trend in profitability for the company.

Additionally, Insecticides India has reported its highest cash and cash equivalents in the last six half-yearly periods, amounting to Rs 71.57 crore. This improvement in short-term liquidity suggests a strengthening financial position.

Despite these positive indicators, the stock's evaluation has undergone an adjustment, with its score reflecting a change from 18 to 11 over the past three months. This revision in its score highlights a shift in assessment, warranting attention from stakeholders.

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