India Pesticides Ltd., a pesticides manufacturer based in India announced its results for the first quarter ended June 30, 2021.
Q1 Results- QoQ
The company’s net profit grew 57.2% to Rs 42.02 crores ($5.6 million) for the period ended June 30, 2021 as against net profit of Rs 26.73 crores ($3.6 million) for the previous quarter.
Net sales increased 29% to Rs 174.08 crores ($23.4 million) during the period ended June 30, 2021 as compared to Rs 135.15 crores ($18.2 million) during the previous quarter.
Q1 Results- YoY
The company’s net profit grew 72.2% to Rs 42.02 crores ($5.6 million) for the period ended June 30, 2021 as against net profit of Rs 24.4 crores ($3.3 million) for the prior-year quarter.
Net sales increased 48.2% to Rs 174.08 crores ($23.4 million) during the period ended June 30, 2021 as compared to Rs 117.5 crores ($15.8 million) during the prior-year quarter.
India Pesticides is mainly engaged in the business of manufacture and selling of pesticides.