The company had posted a net profit of Rs 42.39 crore in the year-ago period.
Total income increased to Rs 469.61 crore during the period from Rs 438.72 crore in the corresponding period of the previous year, Rallis India said in a filing to the BSE.
The company's net profit rose sharply on account of an exceptional profit of Rs 158.39 crore during the April-June quarter, comprising sale of leasehold rights of land in Navi Mumbai to Ikea India Pvt Ltd.
Rallis India is a subsidiary of Tata Chemicals with business presence in the farm essentials vertical. It is into seeds, agro-chemicals, plant growth nutrients and agri-services.
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