India Pesticides (NSE:IPL) Full Year 2024 Results
Key Financial Results
- Revenue: ₹6.80b (down 23% from FY 2023).
- Net income: ₹601.7m (down 58% from FY 2023).
- Profit margin: 8.8% (down from 16% in FY 2023). The decrease in margin was driven by lower revenue.
- EPS: ₹5.23 (down from ₹12.44 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
India Pesticides Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 27%. Earnings per share (EPS) also missed analyst estimates by 51%.
In the last 12 months, the only revenue segment was Agro Chemicals contributing ₹6.80b. Notably, cost of sales worth ₹4.05b amounted to 60% of total revenue thereby underscoring the impact on earnings.Explore how IPL's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 28% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Chemicals industry in India.
Performance of the Indian Chemicals industry.
The company's shares are up 3.1% from a week ago.
Risk Analysis
Don't forget that there may still be risks. For instance, we've identified 2 warning signs for India Pesticides that you should be aware of.
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About NSEI:IPL
Flawless balance sheet second-rate dividend payer.
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