IIL posts 49% growth in net profit in 2016-17

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NEW DELHI:Insecticides India LtdBSE 4.48 % (IIL) today posted a 48.7 per cent jump in its net profit at Rs 58 crore for 2016-17 on robust sales.

Net benefit last fiscal remained at Rs 39 crore, it said in an announcement.

Its net income rose 12 percent to Rs 1,107 crore in 2016-17, from Rs 988 crore in the year-prior period.

The income per share (EPS) additionally developed to Rs 28.13 from Rs 20.01 in the said period.

IIL MD Rajesh Aggrawal stated: “A not too bad storm a year ago conveyed the genuinely necessary alleviation to the agri-division following two progressive years of shortfall downpours. Of course, this likewise gave a solid lift to the offers of agro-substance items.”

The organization is concentrating on enhancing the item wicker bin and as a major aspect of this technique has as of late propelled another item ‘Kayakalp’.

With hopes of good monsoon in 2017 and launch of more new products, the company is looking at an encouraging top line growth as well as profitability in the near future, he added.

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