Pesticides (India) Ltd internet revenue up 31% in Q3 FY24

Agrochemical producer Pesticides (India) Ltd (IIL) has introduced 31.38 per cent rise in its internet revenue to ₹12.31 crore throughout October-December quarter of 2023-24 fiscal, as in opposition to ₹9.37 crore within the corresponding quarter of the earlier 12 months.

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Consolidated income (excluding different revenue) of the corporate was virtually flat at ₹357.94 crore (₹356.53 crore), IIL mentioned in an announcement.

Within the first 9 months of FY24, IIL recorded ₹1,693.88 crore in income (₹1,499.43 crore), the assertion mentioned.

“IIL’s strategic deal with enhancing the combo of value-added merchandise, together with Hachiman, Torry, and Shinwa, prior to now two years has contributed to the upward trajectory. In present quarter, IIL has launched two new merchandise — Million, a herbicide for wheat, and Nirog, a bio fungicide,” the assertion mentioned.

Rajesh Aggarwal, Managing Director of IIL mentioned: “We proceed to witness progress throughout our product portfolio, pushed by R&D and backward integration initiatives. Our targeted advertising efforts and brand-building actions have yielded constructive outcomes regardless of of odds of the season. We stay dedicated to sustainable progress.”