India Pesticides Limited , a leading agrochemical manufacturer, has announced its financial results for the second quarter and half-year ended September 30, showing improved performance and strategic moves in corporate governance.

Financial Highlights

The company reported a robust financial performance for Q2:

For the half-year ended September 30, India Pesticides recorded:

• Revenue from operations of ₹565.03 crore
• Profit after tax of ₹67.42 crore

Operational Performance

The company's performance reflects its strong position in the agrochemical sector. The significant increase in revenue and profit demonstrates India Pesticides' ability to capitalize on market opportunities and manage costs effectively.

Board Decisions

In a move to strengthen its corporate governance, the Board of Directors has approved the re-appointment of two Non-Executive Independent Directors:

1. Dr. Madhu Dikshit: Re-appointed for a second term of five years, from December 21, 2025, to December 20, 2030. Dr. Dikshit, an eminent scientist and former Director of CSIR-Central Drug Research Institute, brings valuable expertise in biosciences and cardiovascular pharmacology.

2. Mr. Mohan Vasant Tanksale: Also re-appointed for a five-year term coinciding with Dr. Dikshit's. Mr. Tanksale, a distinguished banking leader, offers extensive experience in finance and banking sectors.

These re-appointments are subject to shareholder approval.

Regulatory Compliance

The company disclosed that it has received a notice from the Income Tax Department regarding undisclosed income for the period April 2018 to February 2025. In response, India Pesticides has filed a return with a tax payment of ₹0.18 crore. The assessment is currently pending with the department.

Market Outlook

With its strong financial performance and strategic governance moves, India Pesticides appears well-positioned to continue its growth trajectory in the agrochemical sector. The re-appointment of experienced independent directors suggests a focus on maintaining robust corporate governance practices.

India Pesticides Limited (IPL) has announced strong financial results for the second quarter of fiscal year 2025, showcasing significant growth in both revenue and profitability.

Financial Highlights

The company reported a 21% year-over-year increase in net profit, reaching ₹320.40 million for Q2 FY2025, up from ₹264.80 million in the same period last year. This impressive growth was supported by a substantial rise in revenue, which climbed to ₹2,900.00 million, marking a 26.6% increase from ₹2,290.00 million in Q2 FY2024.

Improved Operational Efficiency

IPL demonstrated enhanced operational efficiency, with EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) rising to ₹491.00 million, compared to ₹339.30 million in the previous year. The EBITDA margin also saw a notable improvement, increasing to 16.95% from 14.83% year-over-year.

Strategic Initiatives and Future Outlook

The company's board of directors has taken several strategic decisions to strengthen its leadership and governance. In a meeting held on November 11, 2025, the board approved the re-appointment of two key independent directors:

1. Dr. Madhu Dikshit, an eminent scientist and former Director of CSIR-Central Drug Research Institute, has been re-appointed for a second term of five years, from December 21, 2025, to December 20, 2030.

2. Mr. Mohan Vasant Tanksale, a distinguished banking leader with over four decades of experience, has also been re-appointed as a Non-Executive Independent Director for the same period.

These re-appointments underscore IPL's commitment to maintaining strong corporate governance and leveraging diverse expertise to drive future growth.

Regulatory Compliance and Transparency

In line with its commitment to regulatory compliance, India Pesticides has addressed recent inquiries from the Income Tax Department. The company filed an income tax return for the block period from April 1, 2018, to February 10, 2025, assessing and depositing a tax of ₹0.18 crore. While the assessment is pending with the Department, the management believes that the company has complied with all applicable laws and regulations.

India Pesticides' strong Q2 performance, coupled with its focus on governance and compliance, positions the company well for sustained growth in the agrochemical sector. Investors and stakeholders will likely keep a close watch on the company's future developments and its ability to maintain this growth trajectory in the coming quarters.