Country’s leading farm Solutions Company Insecticides (India) Ltd. reported a 29 percent jump in net profits at Rs. 36 crores for the second quarter ended 30th September 2017, from Rs 28 crore in the corresponding quarter of the previous year.
The total sales of the company stood at Rs 416 crore for the second quarter ended 30th September 2017, as compared to Rs 413 crore in the corresponding quarter of the previous year.
"It was a quarter full of challenges, I am happy that company has clocked good numbers. We will attribute this to the change in product mix. With our new products and other few products due for launch in Q3, we look forward to improving our performance. Our new products, especially KayaKalp, are getting good response from all parts of the country. Kayakalp is helping farmers rejuvenate the soil the way they have been wanting to and they are reaping benefits of using this revolutionary product and improving their yields." said Mr. Rajesh Agarwal, Managing Director, IIL.
Insecticides (India) Ltd. (IIL), is a BSE & NSE Listed India’s leading and one of the fast growing Agro chemicals manufacturing company. IIL has emerged as a front-line performer in India’s crop care market with a top line of Rs 1107.38 crore in 2016-2017 as against Rs 988.15 crore in 2015-16, the preceding financial year and is all set to grow impressively this year.
The company owns the prestigious Tractor Brand which is highly popular among the farmers. This umbrella brand of its agro products signifies the company’s deep connection with the farming community. The largest selling brands of IIL include Lethal, Victor, Thimet, Nuvan, Monocil, Pulsor, Hakama, Mycoraja, Xplode etc. The company’s latest products Green Label and Kaya Kalp are expected to add another dimension of growth to the company.