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Rallis India declines 5% as revenue slip 3% in September quarter

The consolidated net profit de-grew 2 per cent to Rs 83 crore as against Rs 85 crore in the year-ago quarter

agrochemicals
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Rallis India is a subsidiary of Tata Chemicals

SI Reporter Mumbai
Shares of Rallis India were down 5 per cent at Rs 258.70 on the BSE in the intra-day trade on Tuesday after reported the company reported a disappointing July-September quarter (Q2FY21) result. The agrochemicals company reported 3 per cent year on year (YoY) decline in consolidated revenue at Rs 725 crore owing to poor sales from international market.

The consolidated net profit de-grew 2 per cent to Rs 83 crore as against Rs 85 crore in the year-ago quarter. EBITDA (earnings before interest, taxes, depreciation, and amortization) margins, however, were stable at 16.1 per cent.

The company witnessed a moderate quarter despite

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First Published: Oct 20 2020 | 10:44 AM IST

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