Rs 2/Share Dividend Announced: Agro Chemicals Co Declares 68% Surge In Net Profit, Shares Gain

Small cap company operating Agro Chemicals sector, Insecticides (India) Ltd shares on Friday jumped over 5% after it announced a jump of 68% in its consolidated net profit for June 2024 quarter at Rs 49.01 crore as against Rs 29.14 crore reported in the corresponding quarter of last year. Current market price of Insecticides (India) shares on BSE is Rs 904.65 per share. Insecticides (India) shares gained 19% in last 1-week and zoomed 61% in last 3-months. Insecticides (India) has a market capitalisation of Rs 2,677.57 crore. Check details below:

Insecticides (India) Recommends Dividend: As per the BSE filing of Insecticides (India) issued as on August 9, 2024, "declared an Interim Dividend of Rs. 2.00/- per equity shares [20%] of face value of Rs. 10/- each for financial year 2024-2025. The record date as informed for the purpose of determining for entitlement of the shareholders for the payment of Interim Dividend is Friday, 23rd day of August, 2024 and the Interim Dividend will be paid to the shareholders, subject to deduction/withholding of applicable taxes, within the time prescribed under law. The Interim Dividend will be paid on or from August 28, 2024."

Insecticides (India) Shares Performance: The 52-week high price of Insecticides (India) Ltd shares on BSE is Rs 927.70 per share (as on 09/08/2024) and 52-week low price is Rs 444.75 per share (as on 10/08/2023), respectively. Insecticides (India) shares offered return of 59% in last 6-months, rose 94% in last 1-year, and rallied 110% in last 5-years.

Insecticides (India) Quarterly Results: The company announced its revenue from operations for June 2024 quarter at Rs 656.68 crore as against Rs 639.95 crore declared in the corresponding quarter of last year. Its total income for the quarter under review announced at Rs 659.20 crore as compared to Rs 643.84 crore announced in the similar quarter of last year.

About: Insecticides (India) Ltd. (IIL) is committed to ensuring that every farmer has access to the crop protection and nutrition solutions to produce healthy crops. Its latest technology products range from Insecticides, Herbicides, and Fungicides to Plant Growth Regulators (PGRs) & Biologicals. The company operates in Pesticides/Agro Chemicals sector and came into existence in 1996.

Disclaimer: The stock just highlights the dividend, Q1 results, and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.