StockWatch
·

INSECTICIDES (INDIA) LTD.

BSE: 532851

P/L Snapshot

Q1 FY27 · standalone

vs Q4 FY26·vs Q1 FY26
Revenue
621.11
+43.5%-10.6%
Expenditure
564.84
+36.4%-8.6%
Net Profit
41.83
+191.2%-27.0%
OPM %
10.69%
+4.29pp-1.46pp

Shareholding

Pattern breakdown

P/L Trends

(in crores)

RevenueExpenditureNet Profit
0.00194.63389.27583.90778.53Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Price Chart
Reports

Margin gains mask a volume collapse; recovery deferred

monsoon delay · premiumization 64% · margin expansion

Result verdictFollow-upQ1 FY2717 Aug 20266 minMetals & Mining

Monsoon miss cuts PAT 24.5%; margin gains mask volume collapse

monsoon delay · premiumization 64% · margin expansion 240bps

TranscriptDeep diveQ1 FY2717 Aug 20266 minMetals & Mining

IIL Q1 FY27: consolidated PAT down 24% YoY to ₹43.9 Cr, revenue down 12%, margins dip

agrochemicals · kharif season · yoy decline

ResultsQ1 FY2711 Aug 20263 minMetals & Mining
Latest
Board Meeting11 Aug, 2:48 pm

IIL Q1 FY27: consolidated PAT down 24% YoY to ₹43.9 Cr, revenue down 12%, margins dip

Insecticides (India) Ltd's consolidated Q1 FY27 (June 2026) print missed the growth management had guided for at the Q4 FY26 call — where it had flagged "cautious optimism" for top-line and bottom-line growth "visible from Q1." Instead, consolidated revenue from operations fell 11.5% YoY to ₹611.5 Cr (from ₹691.1 Cr) and PAT fell 24.5% YoY to ₹43.9 Cr (from ₹58.1 Cr, EPS ₹15.08 vs ₹19.97), a clear miss against that outlook. No consensus/street estimate for this specific quarter could be found in a web search, so vsStreet is unknown rather than assumed. Margins compressed on both counts: net margin fell to roughly 7.2% from 8.4% a year ago, and operating margin to about 11.1% from 12.2%. The squeeze sits below the gross-margin line — cost of materials consumed was actually down ~3.9% YoY — and instead comes from finance costs (+26% YoY to ₹4.69 Cr) and depreciation (+33% YoY to ₹9.71 Cr) rising well ahead of revenue, alongside a >2x jump in purchased stock-in-trade (₹106.96 Cr vs ₹45.10 Cr) that points to a heavier reliance on bought-out/job-work formulations this quarter rather than in-house volume growth. The sequential comparison looks strong — revenue up ~43% and PAT up ~275% QoQ against a seasonally weak Q4 (Jan-Mar is agrochemical off-season; June-quarter demand tracks kharif sowing) — but that is a seasonality artifact typical of the sector and not a trend signal; the YoY decline is the number that matters. Consolidated results include two subsidiaries, IIL Biologicals and Kaeros Research (formerly Kaeros Research Private Ltd), which together contributed ₹57.1 Cr revenue and ₹2.9 Cr PAT this quarter per the auditors' other-matters note — an early, still-small read on whether Kaeros can deliver the "significant future growth" management pointed to at the last call. Standalone PAT of ₹41.8 Cr against consolidated ₹43.9 Cr reflects that subsidiary/JV contribution; no company press release commentary was available in the source context to cross-check management's own framing of the quarter.

11 Aug 2026, 02:48 pm

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consider and approve financial results for the quarter and h…

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DividendINSECTICID
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₹2 / share

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Consider and approve Financial Results for the quarter and n…

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