Rallis India falls 6% on disappointing December quarter results

The stock slipped 6% to Rs 163, trading close to its 52-week low of Rs 160 touched on December 3, 2018, in intra-day trade.

Rallis India declined 6 per cent to Rs 163 on the BSE in morning deals after it reported 45 per cent year-on-year (YoY) fall in its consolidated net profit at Rs 13.76 crore in December quarter (Q3FY19).

The Tata Group agrochemicals company had posted a profit of Rs 24.94 crore in the year-ago quarter. Operational revenue grew 6.9 per cent at Rs 417 crore on YoY basis.

EBITDA (earnings before tax, depreciation and interest) margin declined 300bps at 6.6 per cent from 9.7 per cent in the previous year quarter.

“The higher input cost – imports from China