HomePosts Tagged "Insecticides (India) Limited (IIL)"

Insecticides (India) Limited (IIL), a key player in the agricultural sector, conducted pan India Product Stewardship Day on February 19th 2025. The initiative included 514 meetings pan India conducted by team IIL in different geographies, where farmers and channel partners were explained about the safe and responsible use of crop protection chemicals and what precautions to be followed for using them were reiterated to them. With over 25,000 farmers participation, the program was organized with an aim to reinforce responsible farming practices and support sustainable agricultural growth. Few meetings under this initiative were organized in association with KVKs (Krishi Vigyan Kendras) at their respective centers

Crop protection solutions play a crucial role in enhancing productivity by safeguarding crops from different weeds, insect-pests and diseases. However, their application requires adherence to safety measures to prevent environmental harm and ensure users and public well-being.

The training sessions focused on critical best practices such as using the right dose at the right time with the right method and product, purchasing from authorized dealers after consulting the right advisor, reading leaflet instructions before use, and always wearing safety gear while spraying. Farmers were also guided on using the correct nozzle, spraying during early mornings or evenings instead of daytime, and ensuring crop protection products are stored in well-ventilated areas away from food and children.

Commenting on the endeavor, Rajesh Aggarwal, Managing Director, Insecticides (India) Limited, said, “Agriculture is the backbone of our nation, and empowering farmers with the right knowledge is essential for sustainable growth. Responsible use of crop protection solutions ensures not only higher yields but also safer food production and environmental balance. With this initiative, we aim to reach thousands of farmers, educating them on best practices in one day in addition to our regular safety programs just to highlight its importance. At IIL, we believe stewardship is a shared responsibility.

Added Dushyant Sood, Chief Marketing Officer “At IIL, we believe stewardship is a shared responsibility. By equipping them with essential training practically with safety kits can make a difference, we enable them to make informed choices that benefit their crops, soil health, and overall well-being of every one from grower to consumer.”

IIL remains committed to building a future where innovation in agriculture is in line with safety, sustainability, and prosperity for every farmer in the country. By hosting these interactive meet-ups, the company continues its mission to drive positive change.

Insecticides (India) Limited (IIL), a key player

. Company’s gross profit stood at Rs 129.2 in Q3 FY 25  crores Vs Rs 108.0 in Q3FY24 registering 20 per cent Y-o-Y growth.

Insecticides (India) Limited (IIL), one of India’s leading crop protection and nutrition company, has announced its financial results for the quarter and nine month ended December 31, 2024. 

Insecticides (India) Limited (IIL), one of India’s leading crop protection and  nutrition company, has announced its financial results for the quarter and nine month ended  December 31, 2024.  Company reported Rs 357.7 crores revenue from operations in Q3FY25 . Company’s gross profit stood at Rs 129.2 in Q3 FY 25  crores Vs Rs 108.0 in Q3FY24 registering 20 per cent Y-o-Y growth. Company posted Rs17.4 crores Profit After Tax in Q3 FY25 compared to Rs12.3 crores PAT in Q3 FY24 recording 42 per cent growth.

Q3 FY25 Vs. Q3 FY24 – Consolidated Financial Performance:

Particulars (Rs. Crs) Q3 FY25 Q3 FY24 Y-o-Y 9M FY25 9M FY24 Y-o-Y
Revenue from Operations 357.7 357.9 — 1,641.0 1,693.9 (3%)
Gross Profit 129.2 108.0 20% 509.5 414.5 23%
Gross Profit Margin (%) 36.1% 30.2% 31.0% 24.5%
EBITDA 30.9 26.0 19% 192.7 153.6 26%
EBITDA Margin (%) 8.6% 7.3% 11.7% 9.1%
Profit After Tax 17.4 12.3 42% 128.1 94.6 36%

Results Highlights:

• Consistent focus on margin improvement led by healthy product mix and better product  margins in Q3FY25 

• Robust growth in recent launches like Mission, Mission SC, Shinwa, Izuki in the first nine months.  B2B sales remain impacted with challenging macro market conditions.  

• Gross Profit Margin improved by 657 bps in 9MFY25 due to concentrated approach towards  both healthy product mix and higher margins in Premium Products 

• EBITDA improved by 268 bps in 9MFY25 with aggressive investment in marketing activities and  field promotions to support new launches and growth of Premium Products, increasing other  expenses

Operational Highlights:

• 10 new products launched in first nine months including patented latest technology  products  

• Launched Centran, a patented 9(3) insecticide with dual-action for paddy. It aims to boost  productivity and support farmers’ economic growth 

• Torry Super an innovative 9(3) herbicide for maize which is based on SPF technology,  developed by in-house R&D team 

• Tie up with BioPrime to bring Relieve, an exclusive biological product for the Indian  market, furthering efforts to provide sustainable solutions for Indian agriculture. 

• Received Patent for IZUKI, a fungicide for paddy. This has been developed in technical collaboration with Nissan Chemical Corporation Japan.

Commenting on the results and performance, Rajesh Aggarwal, MD of Insecticides (India) Ltd. said, “We are excited to share our robust performance during the current quarter with 42 per cent growth in PAT. This is in line with the strategic framework established at the start of the year focusing on profitable growth with higher share of Premium Products and improving its margins. The first nine months has been in line with expectations, driven by strong contributions from our premium product range, which now constitutes 62 per cent of B2C revenue and significant improvements in our EBITDA margins.”

In Q2 FY25, we acquired Kaeros Research Private Limited aimed at securing supply chains and reducing costs through direct imports. Kaeros holds import licenses and vendor approvals, providing valuable benefits. The acquisition was executed at fair value and is accretive to shareholder value. The Company’s fully paid-up capital is Rs. 4.78 crores, with land assets situated in Shamli, Uttar Pradesh used for field trials.

. Company's gross profit stood at

Centran is a unique blend of dual active ingredients for pest control and crop nourishment.

Insecticides (India) Limited (IIL), a leading name in the crop protection and nutrition industry, has launched, a new revolutionary Insecticide, Centran. This will be a pioneering solution for tackling stem borers in paddy. With its dual-action formula, Centran effectively controls stem bores and help the farmers to achieve healthier crops and better productivity.

Paddy is the backbone of the Indian farmers. Stem borers pose a significant threat to their hard work. To address this, new age insecticide Centran has been developed by the R&D Team of Insecticides (India) Limited. Centran is a unique blend of dual active ingredients for pest control and crop nourishment. The product supports robust root development, improves tiller growth, and delivers superior yields, ensuring a higher return on investment for growers.

Commenting on the launch, Rajesh Kumar Aggarwal, Managing Director of Insecticides (India) Limited, said, “Farmers often face the dual challenge of safeguarding their crops from pests while improving their productivity. Centran addresses both aspects with a thoughtful approach to pest control and crop health. By integrating advanced technology and understanding the specific needs of Indian agriculture, Centran helps to optimise farming efficiency while contributing to food security. At IIL, our focus remains on creating solutions that reduce losses, improve farm economics, and support a thriving agricultural ecosystem.”

Adding to the above, Dushyant Sood, Chief Marketing Officer, said “Centran is yet another product developed by the R&D Team of IIL, this not only protects crop against stem borers but also energizes the crop, with stronger root foundation and excellent tiller growth. We are confident that Centran will create waves in all the paddy growing regions of the country.

“With the usage of Centran, farmers can get strong & healthy stems, complete stem borer protection, vigorous tiller growth, deep, robust root system and visible healthier crop.” Mentioned Manoj Bhandari, Crop Manager – Rice.

With a strong distribution network and a legacy of empowering agriculture, IIL continues to bring impactful innovations that resonate with the needs of those who grow the nation’s food.

Centran is a unique blend of dual

Insecticides (India) Limited (IIL), a leading company in the crop protection and nutrition sector, has signed a memorandum of understanding (MoU) with BioPrime Agro Solutions Pvt. Limited, Pune, a research-based biological solutions firm. This alliance brings Relieve, BioPrime’s exclusive biological product, to the Indian market, furthering efforts to provide sustainable solutions for Indian agriculture

Relieve is a unique innovative pure concentrate seaweed and botanical extract-based product. This patented biological formulation is developed with advanced biotechnology, designed to improve crop health and boost yield. Relieve will also help the crops to mitigate the damage caused by abiotic stresses such as drought, heat and salinity. By making this product accessible to Indian farmers, IIL is stepping up its commitment to offering modern and eco-friendly farming solutions.

Rajesh Aggarwal, Managing Director, IIL, stated, “Our association with BioPrime is a significant step in our mission to provide farmers with practical and nature-based solutions. Relieve stands out because it offers farmers a reliable way to enhance crop performance without compromising environmental balance as it is totally safe biological product. This product will empower farmers to strengthen their yields sustainably, which is crucial in today’s agricultural landscape where efficiency and environmental care go hand in hand.”

Dushyant Sood, Chief Marketing Officer, IIL, added, “Relieve reflects the next generation of agricultural solutions—biological, environmentally responsible, and focused on improving overall farm productivity. As we roll out this innovative product across India, we would offer farmers with a unique tool to increase resilience against stress, improve plant health, and enhance productivity, all while keeping sustainability at the core of their operations. Across agro climatic zones, it has demonstrated early flowering, ensuring early harvest. Our national wide trails and demonstrations have also given us a confidence that Relieve is going to be a farmer preferred product in the late vegetative stage of the crop, as it provides rapid support in converting fruits from flowers.”

Coming together of IIL & BioPrime highlights the synergy between the two companies to deliver advanced biological solutions for the markets. Said Dr. Renuka Diwan, Chief Executive Officer, BioPrime. “We are confident that this strategic partnership will accelerate the innovation & deliver high value to farmers by minimizing the risk associated with abiotic stress & limiting yields. With Relieve, we have taken the first step with IIL to drive mutual growth by combining our cutting-edge biological products & IIL’s extensive reach & expertise in the market. This collaboration is the stepping stone towards creating more product opportunities for Indian & global markets.”

This collaboration marks a key development in IIL’s strategy to provide the Indian farmers with solutions that will help the to enhance agricultural productivity through partnerships that deliver forward-looking products to the Indian market.

Insecticides (India) Limited (IIL), a leading company

Total income increased marginally to Rs 659.20 crore from Rs 643.84 crore in the year-ago period.

Insecticides (India) Limited has reported the financial results for Q1FY25. Insecticides (India) Ltd on reported 68.18 per cent jump in consolidated net profit at Rs 49.01 crore for the first quarter of the current fiscal year. Net profit stood at Rs 29.14 crore in the same quarter of FY24, a regulatory filing said. Total income increased marginally to Rs 659.20 crore from Rs 643.84 crore in the year-ago period. Expenses fell to Rs 593.94 crore from Rs 604.3 crore.

 Q1FY25 – Key Highlights

Steady Demand & Optimism for FY25: Experienced consistent demand across regions, reinforcing our positive outlook for FY25, driven by improved market conditions and stable input costs

Strategic Focus on Premium Products: Committed to enhancing our Premium Products range, including Focus Maharatna and Maharatna.

In Q1FY25, Premium Products achieved 18 per cent growth and represented 60 per cent of total B2C revenue. We are confident in gaining significant market share in these product lines

Strong Financial Performance: In Q1FY25, Insecticides (India) Ltd reported a 57 per cent increase in EBITDA and a 68 per cent rise in Profit After Tax.

Launches & Innovations: Introduced one new product in Q1FY25, continuing from eight launches in FY24. We plan to launch more pathbreaking products, following extensive R&D efforts

Challenges in B2B and Exports: B2B and Exports division faced challenges due to lower pricing and unfavourable market conditions.

Target Focus Area: In FY25, Insecticides (India) Ltd will prioritise driving growth in Premium Products through enhanced demand generation and brand-building efforts while maintaining a disciplined approach to margins and working capital.

Total income increased marginally to Rs 659.20

Company’s PAT for FY24 was at Rs 102 Crore, registering a growth of 62 per cent.

 Insecticides (India) Limited (IIL), one of India’s leading crop protection and nutrition company, has announced its audited financial results for the year ended March 31, 2024. Company’s revenue from operations stood at Rs 273 crore in Q4FY24 compared to Rs 302 crore in Q4FY23.Company has reported Rs 8 crore Profit After Tax in Q4FY24 as against a loss of Rs. (29) crore in Q4FY23. EBITDA stood at Rs. 9 crore in Q4FY24 as against Rs (28) crore in Q4FY23.

Company’s Net Revenues for FY24 stood at Rs. 1,966 crore vs Rs. 1,801 crores in FY23. Company’s B2C business revenue grew by 11 per cent leading to higher profitability. Strong growth of 27 per cent in value added product portfolio of ‘Maharatna’, which constitutes 59 per cent of B2C revenue in FY24.Company’s PAT for FY24 was at Rs 102 Crore, registering a growth of 62 per cent; PAT margins expand by 170 bps in FY24 marking a strong recovery in a challenging industry environment.

Commenting on the results and performance, Rajesh Aggarwal, MD of Insecticides (India) Ltd. said, “We are delighted to report a strong performance for Q4 FY24 and FY24, with our annual net profit crossing Rs 100 crores, representing a 62 per cent year-over-year growth compared to FY23. This achievement is a testament to our resilience and adaptability in a challenging industry environment. Our revenue for FY24 stood at 1,966 crores, registering a 9 per cent growth, primarily driven by the impressive performance of our focused Maharatna and Maharatna products, which saw a remarkable 27 per cent year-over-year growth and contributed 59 per cent to our total sales. We attribute this success to our strategic focus on product mix optimization and cost efficiencies, which led to improved profitability and higher GP and EBITDA margins.

Our commitment to operational excellence has enabled us to optimize costs, improve efficiency, and remain agile in response to changing market conditions. We continue to invest in our premium product portfolio, distribution network, and brand equity, reinforcing our position as a trusted partner for farmers and agricultural stakeholders.

We have introduced 8 new products in FY24, which generated revenue of Rs 51 crore and demonstrated wider product acceptance, driving innovation and value. Looking ahead, we are excited about the prospects for our new product launches, which will further enhance our portfolio and address the needs of the farmers. This will lead us to be close to the farmers and address the emerging needs of the farmers on an ongoing basis. We expect to launch at least 7-8 new products in FY25.

Business Highlights:

  • Introduced 8 new products in FY24, which amounted to revenue of Rs 51 crore, demonstrate wider
  • product acceptance, driving innovation and value
  • More than 40% revenue growth in Shinwa, Hachiman, Torry and Mission
  • Streamlined manufacturing operations towards Formulations solutions
  • Strengthened organizational capabilities at senior level to drive Future growth
  • Investment in digital transformation i.e IIL 360, driving business agility and customer centricity

Company’s PAT for FY24 was at Rs

PMFAI AGCHEM Awards recognises and honours outstanding achievements in Indian Agrochemical Industry and remarkable contributions, which helps Sustainable growth of agriculture.

Insecticides (India) Limited (IIL), a distinguished player on the BSE and NSE and a leading name in India’s crop protection and nutrition sector, has added two prestigious awards to its accolades. The company was honoured with the “Outstanding Innovation in Crop Solutions” and the “Social Responsibility Excellence Award” for large-scale companies at the PMFAI AGCHEM Awards, held in Dubai.

The ceremony, held at the PMFAI Conference, saw Rajesh Aggarwal, Managing Director of Insecticides (India) Limited, alongside Sanskar Aggarwal, EVP, and Shrikant Satwe VP – International Business, accepting the awards amidst industry luminaries.

Fourth “PMFAI-SML Agchem Awards 2023” was held on 16 th February 2023 evening at Hyatt Regency & Galleria, Diera, Dubai, UAE. PMFAI-SML Agchem Awards was instituted from 2018 to recognize and honour outstanding achievements in Indian Agrochemical Industry and remarkable contributions, which helps Sustainable growth of agriculture.

In response to the accolades, Rajesh Aggarwal, Managing Director of Insecticides (India) Limited, stated, “These recognitions reflect the ongoing endeavor of our team to pioneer solutions in the agriculture sector and staunch dedication to social responsibility. At IIL, we are driven by a purpose that centers around the genuine needs and aspirations of our farmers, guiding our path in innovative product development. Through our CSR arm, IIL Foundation, we actively spearhead initiatives for farmer awareness and education, building impactful partnerships with farmers. Our commitment persists in pushing agricultural progress and nurturing the prosperity of farming communities.”

PMFAI AGCHEM Awards recognises and honours outstanding

The Sustainability (ESG) Report provides valuable insights into IIL’s strategic approach, endeavors, and performance concerning relevant ESG material aspects

Insecticides (India) Limited (IIL), a prominent player in the nation’s crop protection & nutrition industry, has released its Sustainability (ESG) Report FY23. The comprehensive report, titled “Accelerating Innovation to Foster a Resilient Tomorrow,” sheds light on IIL’s commitment to environmental, social, and governance (ESG) aspects which are of paramount importance to the organization.

The Sustainability (ESG) Report provides valuable insights into IIL’s strategic approach, endeavors, and performance concerning relevant ESG material aspects. This initiative, in addition to the annual report, reflects IIL’s persistent journey towards a sustainable future. For the FY23, the report discloses non-financial information, activities, and sustainability initiatives adhering to the Global Reporting Initiative (GRI) Standards. External Assurance, provided by Ernst & Young Associates LLP, lends credibility to the ESG disclosure, aligning with International Standards on Assurance Engagements 3000 [ISAE 3000 (Revised)].

IIL, known for its wide array of crop protection and nutrition products, including fungicides, insecticides, herbicides, and Biologicals & Plant Growth Regulators (PGRs), has also expanded its offerings to include biologicals few years back, emphasizing sustainable growth. The report highlights IIL’s commitment to being a solution provider through specialized products, catering not only to the Indian market but also have a foothold in more than 24 countries worldwide.

Rajesh Aggarwal, Managing Director of Insecticides (India) Limited, expressed, “Our ESG journey reflects our understanding of the challenges posed to the industry. By adopting a sustainable approach, we aim to navigate these challenges and thrive in the evolving scene of customer demands. Our commitment lies in developing high-quality, sustainable products, implementing process improvements, and fostering a culture rooted in respect and ethics. We think that businesses that adopt a responsible and sustainable method of working will prosper in the future by keeping up with the quickly evolving demands of the customers.”

“The report outlines IIL’s ESG performance. Some of the key initiatives put forward by organization are: – 30 per cent green belt conforming to air quality standards; 590.29 MT and 21.44 KL of hazardous waste disposed of; zero liquid discharge in 3 plants, 1,473.31 MW solar power plants contributing 9 per cent of total electricity; and Rs. 271.91 lakhs CSR spent”, added Sandeep Aggarwal, CFO.

As a stepping stone in this journey of sustainability, we conducted our first materiality assessment to identify and prioritise the issues that have a direct or indirect impact on us and our ability to create value for our stakeholders. Some of those issues include energy and emissions, water, diversity etc. We have put forward various initiatives for these material issues as mentioned below.

In embracing digital transformation, IIL has streamlined processes at its Dahej plant, replacing manual paper-based reporting with online systems. This initiative resulted in time savings, reduced paper usage, and enhanced real-time process assessment, showcasing the positive impact of technology on operations.

The Sustainability (ESG) Report provides valuable insights

IIL reaffirms its commitment to driving innovation in agriculture, empowering farmers, and contributing to the advancement of the agricultural industry.

Insecticides (India) Limited (IIL), a frontrunner in the crop protection and nutrition sector, is once again at the vanguard of innovation. This time they have introduced four cutting-edge solutions– Nakshatra, Supremo SP, Opaque and Million– designed to redefine modern agriculture.

‘Nakshatra’, marks a new milestone for Indian agriculture for sugarcane as IIL pioneers an innovative approach by coming up with a combination of two highly potent herbicides. Positioned as a game-changer– ‘Nakshatra’ delivers effective protection precisely when it is most critical in the sugarcane crop. This strategic product instills confidence in farmers, enabling them to rely on ‘Nakshatra’ to safeguard their sugarcane crop from unwanted weeds, thus contributing significantly to the sustainability of India’s vital sugar industry. Functioning as a post-emergence herbicide, ‘Nakshatra’ effectively controls variety of weeds, while ensuring the safety of the crop.

‘Opaque’, a trailblazing patented herbicide product again from the R&D wing of IIL, is all set to revolutionize the weed control for farmers pan India. Featuring a combination of two herbicides in ZE formulation, ‘Opaque’ delivers robust control over a variety of weeds creating optimal growth conditions for crop. Notably, its versatility to be used in multiple crops other than Onion will be a boon to the farmers. Already label expansion on crops like cotton and wheat is under way. For the effective control of weeds ‘Opaque’ should be used within 0 to 3 days following transplanting or sowing.

‘Supremo SP’, a versatile broad-spectrum systemic and contact insecticide, stands as a formidable tool against chewing and sucking insects. Its effectiveness extends to combating pests like stem borer and leaf folder in paddy, making it a valuable asset for farmers across India. Moreover, it is also effective for control of insects in vegetables.

Lastly, ‘MILLION,’ an innovative herbicidal solution, targets the notorious Phalaris minor weed in Wheat. ‘MILLION’ presents a strategic advantage for wheat farmers. Recommended at a dosage of 60 grams per acre through a pre-emergence application within 0-3 days of sowing, this application method ensures maximum efficacy in managing resistant Phalaris with no adverse effect on wheat.

 Rajesh Aggarwal, Managing Director of Insecticides (India) Limited (IIL), emphasized the company’s dedication to bring the latest technology products for the Indian farmers through its R&D initiatives and stated, “We firmly believe that innovation is the bedrock of agricultural progress. Embracing state-of-the-art solutions is not a mere option, but a critical imperative for the future of farming. Our unyielding dedication centers on furnishing farmers with the requisite technologies for their prosperity. Through the introduction of these crop protection products, we envisage not only the well-being of individual farmers but also the holistic progress and sustainability of the entire agricultural sector, thereby bolstering the nation’s prosperity.”

In presenting these four pioneering solutions, IIL reaffirms its commitment to driving innovation in agriculture, empowering farmers, and contributing to the advancement of the agricultural industry.

IIL reaffirms its commitment to driving innovation