Insecticides India Q1 net up 29 per cent

Insecticides India Ltd (IIL) today posted a 29 per cent increase in its net profit at Rs 11.72 crore for the quarter ended June 30, 2012.

MUMBAI: Agro-chemicals maker Insecticides India Ltd (IIL) today posted a 29 per cent increase in its net profit at Rs 11.72 crore for the quarter ended June 30, 2012.

The company had clocked a net profit of Rs 9.07 crore in the same period last year, IIL said in a filing to the BSE.

The company's net income rose to Rs 148.83 crore in the first quarter of the 2012-13 fiscal compared to Rs 121.82 crore in the corresponding period an year ago.

IIL produces a wide range of agro-chemical and pesticides. It has production units in Rajasthan and Jammu & Kashmir.

The company's shares closed up by 1.75 per cent at Rs 401 apiece from their previous close on BSE.
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