India Pesticides Q2 Results Live : India Pesticides has announced its Q2 results for the fiscal year on November 6, 2024, revealing a significant increase in both revenue and profit. The company’s topline grew by 13.27% year-over-year, while profit surged by an impressive 32.87%.
In comparison to the previous quarter, India Pesticides saw a revenue growth of 3.82% and a profit increase of 33.01%. These figures indicate a strong financial performance amidst a challenging economic environment.
The company also reported a decline in Selling, General & Administrative expenses, which fell by 0.78% quarter-on-quarter but increased by 23.47% year-over-year. This suggests a focus on cost management despite rising operational costs over the longer term.
Operating income showed robust growth as well, with a 21.23% increase quarter-on-quarter and a 24.92% rise year-over-year. This reflects the company’s efficient management and operational effectiveness during the quarter.
Earnings per share (EPS) for the second quarter reached ₹2.25, marking a 32.35% increase compared to the same period last year, further highlighting the company’s profitability enhancements.
Over the past week, India Pesticides has delivered a return of 10.19%. However, over the last six months, the stock has experienced a decline of 1.31% and a significant year-to-date drop of 43.42%.
Currently, India Pesticides boasts a market capitalization of ₹2372.6 crore, with a 52-week high of ₹431.75 and a low of ₹173.5, reflecting the volatility in the stock’s performance.
India Pesticides Financials
| Period | Q2 | Q1 | Q-o-Q Growth | Q2 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 228.78 | 220.36 | +3.82% | 201.97 | +13.27% |
| Selling/ General/ Admin Expenses Total | 12.73 | 12.83 | -0.78% | 10.31 | +23.47% |
| Depreciation/ Amortization | 4.47 | 4.16 | +7.45% | 3.69 | +21.14% |
| Total Operating Expense | 199.71 | 196.38 | +1.7% | 178.7 | +11.76% |
| Operating Income | 29.07 | 23.98 | +21.23% | 23.27 | +24.92% |
| Net Income Before Taxes | 33.6 | 26.66 | +26.03% | 26.52 | +26.7% |
| Net Income | 25.91 | 19.48 | +33.01% | 19.5 | +32.87% |
| Diluted Normalized EPS | 2.25 | 1.69 | +33.14% | 1.7 | +32.35% |
