India Pesticides Ltd - 543311 - Announcement under Regulation 30 (LODR)-Newspaper Publication
AGM Newspaper Advertisement notice before dispatching of notice to the shareholder.01-08-2023
01-08-2023
Q1FY24 Quarterly Result Announced for India Pesticides Ltd.
Agrochemicals company India Pesticides announced Q1FY24 results: Total income was Rs 2,047 million Adjusted EBITDA of Rs 431 million; EBITDA margin of 21.1% Reported EBITDA of Rs 260 million; EBITDA margin of 12.7% Adjusted net profit of Rs 325 million; PAT Margin of 15.9% Reported net profit of Rs 155 million; PAT Margin of 7.5% Technicals + APIs constitute 79% of Total Revenue Commenting on the performance, Anand S Agarwal, Chairman, said, “In Q1FY24, the company faced a highly volatile global business environment, characterized by numerous challenges such as unfavourable macroeconomic scenarios, subdued volumes, high-cost inventories and steep price drops due to oversupply of raw material from China. Consequently, our topline and profitability were impacted, with revenues amounting to Rs 2,047 million in Q1FY24 compared to Rs 2,217 million in Q1FY23. Despite these challenges, we remained steadfast in our efforts to navigate through these turbulent times and strategize for a more resilient performance in the coming quarters. During the quarter, the Company saw additional pressures due to a reduction in the selling prices of some of its products, leading to an impact of Rs 171 million. This impact comprised Rs 73 million owing to sales made during the current quarter and Rs 98 million due to the revaluation of inventories at hand at Net Realizable Value (NRV). I am happy to announce that during the quarter we have increased our technical capacity by 200 MT which takes our total technical capacity to 24,200 MT. We are focused on introducing new products and expansion of the Hamirpur plant project. Our recently launched products continue to receive positive responses from the market and make a significant contribution to the top line. This momentum has encouraged us to further enhance our offerings and explore avenues for growth and expansion. Our robust sense of accountability, coupled with an extensive reach to millions of farmers, an expansive distribution network, and a firm market presence, propel us toward achieving our objectives. It also helps augment stakeholder value and forge a path toward a sustainable future. We will continue to push the boundaries by harnessing the strength of our diverse product portfolio, positioning ourselves as a leading and competitive organisation in our industry.” Result PDF01-08-2023
India Pesticides slumps 5% on weak Q1 earnings show
India Pesticides attributed the weak quarter to multiple headwinds such as unfavourable macroeconomic scenarios, subdued volumes, high-cost inventories and steep price drops due to an oversupply of raw material from China.01-08-2023
India Pesticides Ltd - 543311 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
Press Release on the unaudited Financial Results for the Quarter Ended June 30.06.202331-07-2023
India Pesticides Ltd - 543311 - Unaudited Standalone And Consolidated Financial Results 30.06.2023
unaudited Standalone and Consolidated Result Q1 FY-2431-07-2023
India Pesticides Ltd - 543311 - Board Meeting Outcome for Outcome Of The Board Meeting
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the Board of Directors of the Company, at its meeting held today, i.e. on 31.07.2023 inter-alia, has transacted the following items of business: 1. Considered and approved the Unaudited Standalone and Consolidated Financial Results for the quarter ended June 30, 2023. Pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby enclosed the following documents for the quarter ended June 30, 2023: i. The Unaudited Standalone and Consolidated Financial Results. ii. Limited Review Report on Unaudited Standalone and Consolidated Financial Results. 2. Re-appointment of Mr. Satya Prakash Gupta as Chief Financial Officer of the company for a period of 2 years i.e. w.e.f. 28.09.2023, based on the recommendation of the Nomination and Remuneration Committee.31-07-2023
India Pesticides Ltd - 543311 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Pursuant to Regulation 30 (6) of the Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the Company has scheduled Earnings Conference Call with Analysts/ Investors for Q1 FY 24 on Wednesday, 02nd August, 2023 at 12:30 P.M. (I.S.T) in connection with Unaudited Standalone and Consolidated Financial Results of the Company for the Quarter ended June 30, 2023.21-07-2023
India Pesticides Ltd - 543311 - Board Meeting Intimation for To, Inter-Alia, Consider And Approve The Unaudited Standalone And Consolidated Financial Results Of The Company For The Quarter Ended, June 30, 2023.
India Pesticides Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 31/07/2023 ,inter alia, to consider and approve Pursuant to Regulation 29 and other applicable regulations of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended from time to time, please note that the Meeting of the Board of Directors of India Pesticides Limited is scheduled to be held on Monday, July 31, 2023 to, inter-alia, consider and approve the unaudited Standalone and Consolidated Financial Results of the Company for the quarter ended, June 30, 2023.13-07-2023
India Pesticides Ltd - 543311 - Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
In Compliance with the Regulation 74(5) of Securities and Exchange Board of India (Depository and Participants) Regulation, 2018, please find enclosed a copy of the Certificate for the quarter ended on June 30, 2023, received from Kfin Technologies Limited, Registrar and Share Transfer Agent of the Company.08-07-2023
India Pesticides Ltd - 543311 - Closure of Trading Window
Trading Window will be closed from Saturday, 01 July, 2023 till the conclusion of 48 hours after the declaration of Unaudited Financial Results for the quarter ended June 30, 2023.30-06-2023