Insecticides India hits 2-month low on posting quarterly loss

Insecticides (India)

31/05/2023 06:46

** Shares of Insecticides India Ltd  ISIL.NS  fall as much
as 5.89% to a two-month low of 438 rupees
    ** The agrochemicals firm posts consol loss of 293 mln
rupees in March quarter vs yr-ago profit of 223.3 mln rupees
    ** A 35% surge in costs offset a 9% rise in revenue and
weighed on profitability  urn:newsml:reuters.com:*:nFWN37R0QD
    ** Trading volume is 29,096 shares as of 11:09 a.m. IST, 1.8
times the 30-day avg - Refinitiv data

 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))