&w=3840&q=100)
Insecticides India Q4 results: Net profit rises 84.7% to Rs 13.89 cr
Insecticides India Ltd on Wednesday posted an 84.70 per cent rise in consolidated net profit to Rs 13.89 crore for fourth quarter of 2024-25 fiscal on strong sales.
The company reported a net profit of Rs 7.52 crore in the year-ago period, according to a regulatory filing.
Total income rose by 31.71 per cent to Rs 358.92 crore in the January-March quarter of the 2024-25 fiscal, from Rs 272.50 crore in the year-ago period.
For the full 2024-25 fiscal, net profit rose 39.13 per cent to Rs 142.01 crore, as against Rs 102.07 crore in the previous year.
The company's Managing Director Rajesh Kumar Aggarwal, said, "Looking ahead, we remain optimistic about the upcoming seasons." The company's growth outlook remains intact, with expectations of expansion in premium products, stable gross profit margins, and EBITDA improvement, driven by new launches and operational efficiencies, he added.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Standard
23 minutes ago
- Business Standard
NIBE signs licensing pact with DRDO for modular bridging systems
NIBE announced that it has entered into a licensing agreement with the Defence Research and Development Organisation (DRDO), Research & Development Establishment (Engineers), Pune. The agreement covers the transfer of technology (ToT) to manufacture modular bridging systems ranging from 14 to 46 meters in length. Under the pact, NIBE will pay a total consideration of Rs 3.76 crore in tranches for the technology transfer. The company is licensed to use DRDOs technology for 10 years to manufacture Modular Bridging Systems in India, targeting the Indian Armed Forces and other central and state government agencies. DRDO will provide full technical know-how and testing methodologies. The Modular Bridging System is a complex, mechanically launched mobile solution designed for rapid deployment, enabling tracked and wheeled vehicles to cross obstacles efficiently. NIBE plans to launch the product within 24 months. NIBE trades in electronic components and fabrication materials and provides technical consultancy. It also provides services for the design, supply, erection, testing, and commissioning of low- and medium-voltage lines and substations on a turnkey basis. The company's consolidated net profit declined 30% to Rs 7.64 crore on a 25.8% drop in total income to Rs 113.64 crore in Q4 FY25 over Q4 FY24. Shares of NIBE rose 0.03% to close at Rs 1,675.85 on Friday, 6 June 2025.
Business Standard
25 minutes ago
- Business Standard
RBI to raise gold lending LTV to 85 pc for loans under Rs 2.5 lakh
The Reserve Bank of India (RBI) on Friday increased the loan-to-value (LTV) ratio on gold loans up to Rs 2.5 lakh to 85 per cent per borrower, up from the 75 per cent proposed in the draft norms issued in April this year. For gold loans more than Rs 2.5 lakh and up to Rs 5 lakh, the LTV ratio has been set at 80 per cent. For loans more than Rs 5 lakh, the central bank has set an LTV of 75 per cent. The RBI said that the new norms will come into effect from April 1, 2026.
United News of India
30 minutes ago
- United News of India
Bandi Sanjay inaugurates road Works worth Rs 31.12 crore in Karimnagar
Karimnagar, June 7 (UNI) Union Minister of State for Home Affairs Bandi Sanjay Kumar asserted that the Narendra Modi-led Central Government is giving top priority to road construction and infrastructure development across the country. He said that the Karimnagar Parliament constituency is witnessing significant internal road development under the National Employment Guarantee Scheme, with works worth Rs 31.12 crore currently underway. The Union Minister inaugurated a newly constructed internal road in Qazipur village of Kothapalli mandal on Saturday. The road, completed under the Employment Guarantee Scheme, was built for Rs14 lakh. He later laid the foundation stone for a market shed in Asif Nagar, Kothapalli Mandal, which is being taken up with Rs 9.50 lakh from the MP Local Area Development (MPLADS) funds. Speaking at the event, Bandi Sanjay said, 'This year alone, Rs 74 lakh has been allocated for road construction in Kothapalli Mandal. I am pleased to inaugurate this road in Ghazipur, which is part of a broader initiative to enhance rural connectivity under the employment scheme.' Highlighting the Centre's extensive efforts in road infrastructure, he informed that under the Central Road Infrastructure Fund (CRIF), Rs 291 crore has been spent in the Karimnagar Parliamentary segment, resulting in the construction of 1,341 km of roads. Additionally, hundreds of crores have been utilized under the Pradhan Mantri Gram Sadak Yojana (PMGSY) to build roads in remote villages. He noted that nearly Rs 5,000 crore has been spent on National Highway works in Karimnagar Parliament. 'Highway projects between Karimnagar-Warangal and Siddipet-Elkathurthi are progressing rapidly. We are also set to begin construction of the Karimnagar-Jagityala highway very soon,' he added. Referring to the Rajiv Gandhi Highway, he said the Central Government is ready to widen it using National Highway funds. However, he pointed out that the road is currently under a state-level maintenance contract. 'If the state government resolves the issue with the existing contractor and submits proposals, we are prepared to take up the widening project without delay,' he assured. UNI VV BD
