 "Rallis India posts Q3 consolidated net profit at Rs 249.4 million")
Agriculture solutions firm Rallis India on Monday posted a marginal drop in consolidated net profit at Rs 249.4 million for the December quarter.
The Tata Group firm had clocked a net profit of Rs 253.4 million in the same quarter last financial year. Net income jumped to Rs 3.94 billion during the October- December period of the current fiscal from Rs 3.52 billion in the year-ago quarter, the company said in a BSE filing.
Expenses rose to Rs 3.66 billion from Rs 3.20 billion earlier.
“Our broad based portfolio of solutions and robust farmer relationship have been instrumental in driving our revenue growth during the quarter,” Rallis India CEO and Managing Director V Shankar said.
Despite market challenges and pricing pressure, the quality of operations stood ground driven by 'Rallis Samrudh Krishi' and the digital initiatives, he said.
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%