Rallis India shares up by 2% following strong March quarter results

News24

LAST UPDATED: April 23, 2021, 3:43 p.m.

New Delhi (Anish Yande): Shares of Rallis India rose by 3% as the firm announced its results for the quarter ended March 2021. The net profit rose to Rs 8.12 crore in the March quarter. Rallis India shares reached an intraday high of Rs 291, at an increase of 3.25% on BSE. The market cap of Rallis India rose to Rs 5,496 crore on BSE on Friday.

Rallis India March quarter results:

Rallis India reported a consolidated profit after tax of Rs 68 lakh in the Q4 of the previous year. The subsidiary of Tata Chemicals reported a consolidated profit after tax of Rs  8.12 crore in the quarter ended on March 2021.  1149.23%

The consolidated revenue from operations for Rallis India was recorded at Rs 355.79 crore in the March quarter a year ago. Rallis India’s consolidated revenue from operations rose to Rs 471.26 crore in the March quarter of 2021. 

The subsidiary of Tata Chemicals had recorded consolidated revenue of Rs 2,251.82 crore in FY20. The consolidated revenue rose by 8 percent to Rs 2,429.44 crore in FY21.

Rallis India’s consolidated profit after tax were recorded at Rs 183.69 crore in the previous fiscal year. The Tata Chemicals subsidiary posted a consolidated profit after tax at Rs 228.58 crore in the fiscal year 2020-21. The consolidated profit after tax rose by 24 percent on a year-on-year basis.

Sanjiv Lal, the Managing Director and CEO of Rallis India, stated that the domestic crop care business of the firm grew by 14 percent. The seeds business of Rallis India rose by 7 percent. 

READ ALSO :  Jitan Ram Manjhi returns to NDA ahead of Bihar polls

Sales of Rallis India were recorded at Rs 346.29 crore in the previous quarter. The sales rose to Rs 471.26 crore in the quarter ended March 2021, an increase of 36.09% in the quarter.

The net profit of Rallis India was recorded at Rs 184.85 crore in the year ended March 2020. The net profit rose to Rs 228.58 crore in the year ended March 2021. 

Image Credit: Google

Source link