Rallis Q2 net at Rs 14.08 cr

BS 200 SCORECARD

Rallis India has posted a net profit of Rs 14.08 crore for the quarter ended September 30, 2004 compared with a net loss of Rs 3.12 crore in the quarter ended September 30, 2003. Net sales for the quarter have increased to Rs 170.31 crore as against Rs 145.74 crore in the corresponding quarter of the previous fiscal.

The significant improvement in the company's performance is due to the increase in sales volume of pesticides, tight working capital management and cost control, the company said in a media statement. During the quarter, net interest income declined to Rs 4.42 crore (Rs 10.50 crore).

For the half year ended September 30, 2004, the company posted a net profit of Rs 16.17 crore compared with a net loss of Rs 20.77 crore in the corresponding period of the last fiscal. Net sales for the period increased to Rs 280.30 crore (Rs 239.68 crore).

The Rallis India stock hit the 20 per cent circuit filter on the Bombay Stock Exchange today to close at Rs 145.60 as compared to its previous close of Rs 121.40.