Rallis India said a substantial rise in consolidated net profit for the quarter ended December 2013. During the quarter, the profit of the company rose 37.77% to Rs 303.50 million from Rs 220.30 million in the same quarter last year.
Net sales for the quarter rose 16.89% to Rs 4,008.00 million, compared with Rs 3,429 million for the prior year period.
Quarterly Results - Consolidated (Rs in mn) |
As at | Dec - 13 | Dec - 12 | %Change |
Net Sales | 4,008.00 | 3,429.00 | 16.89 |
Net Profit | 303.50 | 220.30 | 37.77 |
Basic EPS | NA | NA | |
Commenting on the performance, V Shankar, managing director and CEO, Rallis India said, ''I am pleased that we have reached new highs in this quarter both in revenues and profits. While the domestic business stood its ground with strengthening relationship through the farmer programmes, international business grew due to robust demand of the key products. Our continued focus on connecting with farmers through Rallis Kisan Kutumba initiatives, strong brands and value creating initiatives in agri space led to robust revenue growth and exceeding the full year profit of previous year by 11% in the nine months.''
Shares of the company gained Rs 2.75, or 1.55%, to trade at Rs 180.55. The total volume of shares traded was 10,820 at the BSE (10.13 a.m., Friday).