Insecticides India Q3 Results: Stock tumbles over 9% after profit drop, margin narrows

Shares of Insecticides (India) Limited

dropped more than 9% on Friday, January 30, after the company reported a weak performance for the December quarter, with a sharp decline in profitability and margin contraction, even as revenues rose.

The agrochemicals maker’s net profit dropped 39.7% year-on-year to ₹10.5 crore in Q3, compared with ₹17.4 crore in the same period last year. Revenue from operations grew 7.6% year-on-year to ₹385 crore, up from ₹357.7 crore, aided by higher sales volumes.

Operating performance, however, remained under pressure. Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) declined 11% to ₹27.5 crore from ₹31 crore a year ago, while EBITDA margin narrowed by 150 basis points to 7.1% from 8.6%, reflecting elevated input costs and operating expenses.

The company said it continues to operate under a single business segment - Agro-Chemicals, comprising technicals and formulations. During the quarter, cost pressures weighed on profitability despite topline growth.

In a separate development, the board declared an interim dividend of ₹2 per equity share (20%) for FY26. The record date has been fixed as February 6, 2026, with the dividend to be paid on or after February 11, 2026.

Shares of Insecticides India are trading 7.7% lower after the earnings announcement at ₹596.3. The stock is down 45% over the last six months.