Rs 3/Share Interim Dividend: Agro Chemical Co Reports 18.55% Jump In Q2 Net

Insecticides (India) Ltd on November 2 declared a surge of 18.55% in its consolidated net profit to Rs 53.15 crore for the second quarter of financial year 2023-24 amid higher sales as against the net profit of Rs 44.83 crore in the corresponding quarter of last year. Insecticides (India) shares soared 0.84% at the time of writing the story to Rs 523.0 per share. The small cap company also declared an interim dividend of Rs 3.00 per equity shares (30%) of the face value of Rs 10 each for FY 2023-24. Insecticides (India) stock surged 13% in last 3-months. Check details given below:

Insecticides (India) Announces Rs 3/share interim dividend: According to the BSE filing of the company issued on November 2, 2023, "Declared an Interim Dividend of Rs. 3.00 per equity shares [30%] of face value of Rs. 10/- each for financial year 2023-2024. The record date as informed for the purpose of determining for entitlement of the shareholders for the payment of Interim Dividend is Friday 10th day of November, 2023 and the Interim Dividend will be paid to the shareholders, subject to deduction/withholding of applicable taxes, within the time prescribed under law."

Insecticides (India) Q2 Results: The company's total revenue soared to Rs 695.98 crore during the July-September quarter of current fiscal as compared to Rs 582.20 crore declared last year. Insecticides' expenses surged to Rs 624.26 crore from Rs 522.89 crore for the quarter under consideration.

Insecticides (India) Stock Performance & Return: Last trading price of Insecticides (India) stock on BSE is Rs 523.00 per share with intraday surge of 0.84%. The stock's 52-week high price is Rs 789.00 per share and 52-week low price is Rs 410.20 per share, respectively. The company has a market capitalisation of Rs 1547.97 crore. Insecticides (India) shares surged 10% in last 6-months, fell 28% in last 1-year, soared 20% in last 2-years, and gave return of 74% in last 3-years. In last 5-years, Insecticides (India) stock gained 81% and rallied 433% in last 10-years.

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.

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