Rallis India lost 6.14% to Rs 219 at 15:06 IST on BSE after consolidated net profit fell 36.86% to Rs 19.58 crore on 6.39% growth in net sales to Rs 371.08 crore in Q4 March 2018 over Q4 March 2017.
The result was announced after market hours yesterday, 26 April 2018.Meanwhile, the S&P BSE Sensex was up 313.89 points or 0.9% at 35,027.49.
On the BSE, 64,000 shares were traded on the counter so far as against average daily volumes of 31,000 shares in the past two weeks. The stock had hit a high of Rs 232.20 and a low of Rs 220.90 so far during the day. The stock had hit a 52-week high of Rs 289.40 on 27 December 2017 and a 52-week low of Rs 205 on 28 September 2017.
The mid-cap company has equity capital of Rs 19.45 crore. Face value per share is Rs 1.
Rallis India's board of directors has recommended a dividend of Rs 2.50 per equity share.
V Shankar, Managing Director and CEO, Rallis India said that the company's new launches Odis, Cenator and Pulito have registered good growth in 20l7-18 and will be key drivers of growth going forward. The forecast for a normal monsoon augurs well for the coming Kharif season. Performance in the international business continues to be better than last year due to improving situation in key markets such as Brazil and strong demand for herbicides.
Rallis India is one of India's leading crop care solution companies.
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