Rallis India net profit drops 93 pc in March quarter
Agriculture solutions firm Rallis India on Thursday reported a 93 per cent fall in its consolidated net profit to Rs 1.35 crore during the fourth quarter of 2018-19 due to poor sales.
The Tata group firm had posted a net profit of Rs 19.58 crore in the corresponding period a year ago, the company said in a BSE filing.
The total income declined to Rs 350.64 crore during the January-March quarter of the 2018-19 fiscal from Rs 372.66 crore a year ago.
Expenses remained flat at Rs 345.05 crore as against Rs 347.47 crore in the year-ago period.
For the year ended March 31, the company reported a decline in its consolidated net profit to Rs 154.78 crore as against Rs 167.02 crore in the previous year.
The company's board has recommended a dividend of Rs 2.50 per share to the shareholders.
Shares of Rallis India on Thursday fell 0.13 per cent to settle at Rs 157.20 apiece on the BSE.
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