Page 3 - Rallis India

Rallis India: Metahelix saves the day

GST-led destocking hurts agrochemicals' sales, offsetting rise in margins in seeds business

Muted quarter turns Street cautious on Rallis

Rallis India's FY17 performance would have been even better, but for the muted show in the quarter ending March 2017. While better rainfall in 2016 compared to the previous two years and lifted Rallis' overall performance in FY17, the March quarter's performance was impacted due to the north east monsoon in south India coming below normal leading to paddy acreage declining 12 per cent.During March quarter, Rallis' standalone revenue (Rs 346 crore) came flat year-on-year, operating profit grew just two per cent while rising depreciation costs pulled down net profit by two per cent to Rs 32 crore. The impact was more pronounced for Metahelix, the company's hybrid seed subsidiary, at the operating level which pulled down Rallis' consolidated numbers. Consolidated operating profit at Rs 41.6 crore declined about eight per cent year-on-year; net profit fell by about 10 per cent year-on-year.With lower than expected performance, the stock lost 4.43 per cent and closed at Rs 239.55 on ...

Rallis India dips on disappointing Q4 results

The stock dipped 6% to Rs 235 after the company reported 10% YoY drop in profit at Rs 31 crore in Q4

Rallis India Q1 net profit surges four-fold at Rs 174 crore

Company's net profit rose sharply on account of sale of leasehold rights of land in Navi Mumbai to Ikea India Pvt Ltd

Rallis: Some respite in March quarter, more required

Improving exports and better working capital management are positives, but a good monsoon is crucial for future growth

Rallis India gains on strong Q4 earnings

Fourth quarter net profit surged 50% to Rs 32 crore compared with Rs 21.2 crore in the same quarter last fiscal