Insecticides India Q2 Profit Up 18.55% on Higher Sales
By Rediff Money Desk, NEWDELHI Nov 02, 2023 15:30
Insecticides India Ltd reported a 18.55% increase in net profit for the second quarter of FY24, driven by higher sales. Total revenue climbed to Rs 695.98 crore.
New Delhi, Nov 2 (PTI) Insecticides India Ltd on Thursday posted an 18.55 per cent increase in consolidated net profit to Rs 53.15 crore in the second quarter of the 2023-24 fiscal on higher sales.
The company's net profit stood at Rs 44.83 crore in the same quarter previous fiscal, according to a regulatory filing.
Total revenue increased to Rs 695.98 crore during the July-September quarter of the current financial year as against Rs 582.20 crore in the year-ago period.
Expenses rose to Rs 624.26 crore from Rs 522.89 crore in the said period. The company's Board approved an interim dividend of Rs 3 per share at a face value of Rs 10 each for the current fiscal.
The company's net profit stood at Rs 44.83 crore in the same quarter previous fiscal, according to a regulatory filing.
Total revenue increased to Rs 695.98 crore during the July-September quarter of the current financial year as against Rs 582.20 crore in the year-ago period.
Expenses rose to Rs 624.26 crore from Rs 522.89 crore in the said period. The company's Board approved an interim dividend of Rs 3 per share at a face value of Rs 10 each for the current fiscal.
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
You May Like To Read
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- GTL Infrastructure
- 2.93 ( -4.87)
- 226134079
- IFL Enterprises
- 1.30 (+ 4.84)
- 81458638
- Vodafone Idea L
- 16.82 (+ 0.84)
- 64099855
- NCL Research
- 0.95 ( -4.04)
- 31577656
- Franklin Industries
- 3.76 (+ 4.16)
- 21011883
MORE NEWS
Telco ARPU to Hit Decadal High of Rs 225 in...
Tariff hikes by major telcos will push average revenue per user (ARPU) to Rs 225 in...
![IHCL Signs...](https://im.rediff.com/80-80/money/2017/mar/21hotel3.jpg)
IHCL Signs Agreement for 200-Key Ginger Hotel...
Indian Hotels Company (IHCL) has signed an agreement for a 200-key Ginger hotel in...
![NAREDCO Urges Tax...](https://im.rediff.com/80-80/money/2022/nov/08home-loan.jpg)
NAREDCO Urges Tax Exemption Hike on Home Loans...
NAREDCO has proposed increasing the tax exemption limit on home loan interest to Rs 5...