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Rallis India dips 6% on disappointing Q3 results as PAT falls 13% YoY

The drag in the bottomline performance was largely on account of higher depreciation owing to recently commissioned capacity along with lower other income.

agrochemical
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Even after a 23 per cent rise in shares of the company over the past month, analysts maintain their positive stance and see further upside.

SI Reporter Mumbai
Shares of Rallis India dipped 6 per cent to Rs 275.55 on the BSE in Thursday’s intra-day trade after the company reported a 13.3 per cent year-on-year (YoY) fall in its profit after tax (after exceptional items) at Rs 40 crore in December quarter (Q3FY22). The Tata Group company had posted a net profit of Rs 46 crore in Q3FY21.

The drag in the bottomline performance was largely on account of higher depreciation owing to recently commissioned capacity along with lower other income (down 28 per cent YoY). The agrochemicals company reported revenue growth of 10.1 per cent YoY to