*Insecticides (India) Ltd.* | *CMP* Rs. 830 | *M Cap* Rs. 2415 Cr | *52 W H/L* 1085/476 (Nirmal Bang Retail Research) *Result has improved* Revenue from Operations came at Rs. 358.9 Cr (0.3% QoQ, 31.7% YoY) vs QoQ Rs. 357.7 Cr, YoY Rs. 272.5 Cr EBIDTA came at Rs. 28.5 Cr (-7.8% QoQ, 217.8% YoY) vs QoQ Rs. 30.9 Cr, YoY Rs. 9 Cr EBITDA Margin came at 7.9% vs QoQ 8.6%, YoY 3.3% Adj. PAT came at Rs. 13.9 Cr vs QoQ Rs. 17.4 Cr, YoY Rs. 7.8 Cr Quarter EPS is Rs. 4.8 Stock is trading at P/E of 17x TTM EPS