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HomePosts Tagged "Insecticides (India) Limited"
Agribusiness, Agro chems – Pesticides, Collaborations, Company News, Drones, India

 The programme has started from Haryana, will cover over 5,000 acres of demonstrations across different villages, showcasing the benefits of drone technology.

Insecticides (India) Limited (IIL), a key player in the agrochemical industry, through its CSR arm, IIL Foundation, has teamed up with General Aeronautics, a leader in drone-based agricultural solutions, to demonstrate and train drone spray technology to the farmers. The programme has started from Haryana, will cover over 5,000 acres of demonstrations across different villages, showcasing the benefits of drone technology for crop protection directly to farmers in their fields.

The collaboration between IIL and General Aeronautics is designed to provide farmers with hands-on experience and live demonstrations of drone spray technology. This initiative will make it easier for farmers to embrace this innovative approach, paving the way for more efficient, sustainable, and progressive farming strategies.

Drone technology for spray of crop protection products is gaining traction in India, spurred by government initiatives and increased interest from both public and private sectors. Drones offer a smart farming solution that addresses crucial agricultural challenges like labour shortages and inadequacy in traditional spraying methods. The government’s push towards precision farming have further accelerated this shift, positioning drones as a game-changer in modern agriculture.

Efficient application of crop protection products is essential for maximizing yield and maintaining healthy crops. Conventional spraying methods often lead to uneven distribution, wastage, health hazard to the spraying person and environmental concerns. Drones equipped with sensors and AI-driven analytics provide precise application, reducing chemical use and preventing issues like runoff and soil compaction. This targeted approach not only conserves resources but also ensures crops receive the necessary protection, leading to better yields and more sustainable farming practices.

Rajesh Aggarwal, Managing Director, Insecticides (India) Limited said, “To ensure farmers stay updated with technological advancements, IIL Foundation has initiated a Drone Spray Awareness and Education Program in Haryana, reaching over 10,000 farmers. Through demonstrations across 5,000 acres, the program highlights the benefits of drone technology, such as precise spraying, reduced water consumption, and eco-friendly practices. IIL Foundation plans to soon expand this initiative to other states, promoting efficient and sustainable farming methods nationwide.”

Dushyant Sood, Chief Marketing Officer, Insecticides (India) Limited mentioned “Our partnership with General Aeronautics is an important step towards integrating advanced drone spray technology into the lives of farmers. By offering practical training in their own fields, we’re enabling them to see the real-world benefits of precision agriculture. Our goal is to promote sustainable and competent farming practices that directly contribute to the well-being of the agricultural community.”

 The programme has started from Haryana, will

Agribusiness, Agro chems – Chemicals, Agro chems – Pesticides, Company News, India

The broad-spectrum insecticide protects white grub and termites, which are a big challenge for Indian farmers.

Insecticides (India) Limited (IIL), one of the nation’s leading crop protection and nutrition companies, has unveiled a patented insecticide called Turner with unique properties and residual control, effective against white grub and termites on a variety of crops. 

Turner is an innovative broad-spectrum insecticide that protects white grub and termites, which are a big challenge for Indian farmers. With contact, stomach & repellent properties, Turner will turn out to be a superior tool to fight these insects for the farmers. Turner is a patented product with long-term effectiveness.

Commenting at the launch, Rajesh Aggarwal, Managing Director, IIL, said, “At IIL, we are driven by a strong R&D team, committed to bringing the latest global technologies and introduce novel and sustainable solutions to address Indian farmers’ challenges. Turner is a breakthrough technology promising a leap forward in pest management. We are confident that Turner will help farmers improve their income through effective protection for a superior harvest.”

“Indian growers deserve access to the most advanced solutions to help them achieve better yields. We aim to provide our hardworking farmers with the right product with the best quality possible within their reach.,” Aggarwal further added.

The broad-spectrum insecticide protects white grub and

Agro chems – Chemicals, Agro chems – Fertilizers, Agro chems – Pesticides, Company News, Finance, India, Inputs

Company’s PAT stood at Rs 291.42 Mn in Q1 FY24, compared to Rs 383.09 Mn in Q1 FY23, margins reduced from 6.83 per cent in Q1 FY23 to 4.55 per cent in Q1 FY24.

Insecticides (India) Limited (IIL), one of the leading players in the crop protection and nutrition industry has declared its financial results for Q1 FY24. Revenue from operations increased by 14.14 per cent to Rs 6,399.53 Mn in Q1 FY24 from Rs 5,606.90 million in Q1 FY23 on account of favourable monsoon conditions and increasing share of Focused Maharatna products like Hachiman, Shinwa and Torry as a result of our step ahead go-to-market strategies.

EBITDA margins stood at 7.13 per cent in Q1 FY24, a decrease of 329 BPS on account of liquidation of high-cost inventory from previous year. The high-cost inventory is significantly liquidated from the balance sheet. PAT stood at Rs 291.42 million in Q1 FY24, compared to Rs 383.09 million in Q1 FY23, margins reduced from 6.83 per cent in Q1 FY23 to 4.55 per cent in Q1 FY24.

Commenting on the performance Rajesh Aggarwal, Managing Director Insecticides (India) Limited said, “We had a strong quarter to start the year in terms of revenue growth as we witnessed a robust demand for our products owing to favourable monsoon. Although there was an initial delay in rains in certain regions of the country, our widespread presence across India mitigated the impact of this factor and helped us achieve a growth of 14.14 per cent YoY in Revenue from Operations.

We recently launched promising products in the form of Mission granule and Mission liquid, both of which have received very positive response from the market and contributed in our topline. Products launched in last few years like Torry, Hachiman, Shinwa, Green Label, Izuki, Dominant and Kunoichi have started yielding positive results, gaining massive tractions as a result of our concentrated marketing efforts on the entire Focused Maharatna range.

At IIL, we continue to move forward on our mission to grow responsibly towards a sustainable future through continuous support of our employees and other stakeholders I would like to conclude by thanking all our stakeholders for helping us move in the right direction.”

Company’s PAT stood at Rs 291.42 Mn

Agro chems – Chemicals, Agrotech, Company News, India, Machinery - Pre-harvesting

The company hopes that the campaign will be a catalyst as it hopes to consolidate on its 105+ branded formulations, 380+ SKUs, and an impressive FY 2022-23 with about 5 new products and further growth in 2024.

New Delhi based Insecticides (India) Limited, one of India’s premier crop protection companies has launched an anthem for its revolutionary umbrella brand “Tractor Brand”. The anthem, which also features the brand’s ambassador and Bollywood superstar Ajay Devgn, covers several leading IIL products under the Tractor Brand, including Shinwa, Mission, Izuki, Hercules and Sofia. This comes as the company continues to seek more innovative ways to connect to farmers across India and beyond.

IIL has reiterated its commitment once more to agricultural growth through farmers welfare and empowerment. The popularity of the Tractor brand stems from its position to make the mandate of IIL a reality, as well as its “hand-in-hand” with farmer’s strategy. The brand hopes that the campaign will be a catalyst as it hopes to consolidate on its 105+ branded formulations, 380+ SKUs, and an impressive FY 2022-23 with about 5 new products and further growth in 2024.

The campaign, conceptualized by BEI Confluence, a leading advertising agency with 360 integrated solutions with long experience in FMCG & Agri/Rural Category, would be transmitted across multiple platforms to provide the much-needed education and enlightenment to its teeming farmer population and raise awareness about the Tractor Brand. The anthem comes in a colorful potpourri of dance, music, laughter, and happy faces, performed in multiple languages to appeal to India’s incredible diversity.

“This is why this anthem is necessary and I am happy with its execution. Today Tractor Brand has its credibility and is popular among the farming community now we need to take this relationship to next level. It is a great way to connect with them and give them a sense of belonging to our “Tractor Brand”. We hope this will better take our message of the Tractor Brand and help the farmers understand the need to use our Tractor Brand range of products for increased productivity.,” said Rajesh Aggarwal, Managing Director, Insecticides (India) Limited.

The anthem was packaged with a well-thought-out strategy to make it easy for Indians to sing along and have a feel-good feeling, reflecting the brand’s desire to uplift the farmer’s spirit every time they use a Tractor Brand product. Aggarwal adds that the overall aim of the company is to extend its support to the nation’s agriculture sector by educating farmers on developing sustainable crops, and providing the products that will help them achieve such crops.

The company hopes that the campaign will

Agro chems – Chemicals, Company News, Finance, India

Profit After Tax at Rs 44.83 Crore in Q2 FY23 and Rs 83.14 Crore for H1 FY23

New Delhi-based Insecticides (India) Ltd. (IIL), one of the country’s leading manufacturers of crop protection and nutrition products announced its unaudited results for Q2 and H1 ended on 30th September, 2022. IIL boasts of an impressive product portfolio consisting of 21+ technical products and 105+ formulation products.

Performance Highlights:

Revenue from Operations reported at Rs 582.49 Cr. in Q2 FY23 and Rs 1143.37 Crore for H1 FY23

EBITDA stands at Rs 68.45 Crore in Q2 FY23 and Rs 126.90 Crore for H1 FY23

PAT at Rs 44.83 Crore in Q2 FY23 and Rs 83.14 Crore for H1 FY23

Commenting on the performance, Rajesh Agarwal, Managing Director (IIL) said, “We are very happy to share that we had a good quarter and half year in terms of financial performance and a successful quarter and half year in terms of market acceptance of our newly launched products. We have been able to deliver solid results, with revenue from operations having grown by 31 per cent from Rs 44.36 Crore in Q2 FY22 to Rs 58.24 Crore in Q2 FY23.

The EBITDA increased by 6.68 per cent from Rs 64.16 Cr in Q2 FY22 to Rs 68.45 Cr. in Q2 FY23. EBITDA margins declined from 14.45 per cent in Q2 FY22 to 11.76 per cent in Q2 FY23 on a YoY basis due to increase in cost of raw materials and currency headwinds which led to a forex loss. However, on QoQ basis the margins improved by 133 bps primarily led by better product mix and calibrated price hikes majorly offsetting elevated input cost and currency headwinds. While PAT increased by 7 per cent from Rs 41.87 Crore in Q2 FY22 to Rs 44.83 Crore in Q2 FY23.

Talking about the growing acceptance of their products, R&D initiatives, and export performances, Rajesh Agrawal, Managing Director, “We have received a good response to our newly launched products like Hachiman, Shinwa, Torry and Izuki. Our R&D initiatives are being recognized as successful innovations in the form of several patents being granted in H1 FY23, taking our total patented products to 18. On the exports front, we continue to witness good demand, however we have focused on exports in a calibrated manner.

“At IIL, we’re committed to launching new products to keep pace with the changing trends and requirements of crop protection and nutrition market.,” Agarwal further added.

Profit After Tax at Rs 44.83 Crore