It had posted a net profit of Rs 21.32 crore in the same period last fiscal.
Total income from operations rose to Rs 348.28 crore in the January-March period of 2015-16 compared with Rs 320.41 crore in the same period last year.
"Our continued focus on quality of operations have not only held on to the margins but significantly improved our working capital situation. With emphasis on cash, we are now at zero debt status," Rallis India Managing Director and CEO V Shankar said in a statement.
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