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Delhi-based agro-chemical producer Insecticides India (IIL) today reported a 14 per cent increase in its net profit at Rs 19.80 crore for the quarter ended June, from Rs 17.40 crore in the year-ago period.
Net income rose 13 per cent to Rs 285.40 crore in the first quarter of this fiscal, from Rs 252.39 crore a year earlier.
"June recorded a decent rainfall and this automatically boosted sentiment of trade and farmers, especially in North India. The figures are encouraging and clearly indicate a continued growth market for our products," IIL MD Rajesh Aggarwal said.
He said the company is continuously working on increasing the reach of its products among farmers and raising greater awareness about judicious usage of insecticides.
IIL's brands include Nuvan, Pulsor, Hakama, Lethal, Victor, Thimet and Monocil.
The company has state-of-the-art formulation facilities in Chopanki (Rajasthan), Samba & Udhampur (Jammu & Kashmir) and Dahej (Gujarat).
