The company had clocked Rs 9.88 crore profit in the same quarter last year.
Net income rose to Rs 284.89 crore in the fourth quarter of the 2012-13 fiscal, from Rs 215.72 crore in the same period last year, the company said in a filing to the BSE.
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Rallis, a leading player in the Indian crop protection industry, also said that Maharashtra-based Zero Waste Agro Organics Pvt Ltd (ZWAOPL) has become its subsidiary firm now.
"(Rallis) has been granted certain rights under the shareholders agreement, as a result of which ZWAOPL has become a subsidiary of the company," the company said.
As per the agreement, Rallis which already has 22.81% stake in ZWAOPL was given right to increase its stake to 51% in a year's time.
The company scrip fell 1.87% to settle at Rs 123.30 on the BSE.
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