INDIA PESTICIDES Q2 : CONS NET PROFIT DOWN 41.7% AT 18.42 CR (YOY), DOWN 19.1% (QOQ). WEAK (ON 1ST LOOK)

Revenue down 21.2% at 228.71 Cr (YOY), down 9.2% (QOQ). EBITDA down 37.2% at 30.62 Cr (YOY); margins 13.4% v 16.8% (YOY), 14.1% (QOQ). Standalone PAT down 39.6% at 19.36 Cr (YOY), down 16.1% (QOQ). Caution: ₹7.10 Cr additional tax demand on ₹10.12 Cr additions to undisclosed income; company has filed appeal.

India Pesticides Ltd

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