Rallis India, posted sales and net profit of Rs 6.36 billion and Rs 734 million, registering a growth of 6.5% yoy and a dip of 8.2% yoy. On the operating front, the gross margins came in at 38.6% V/s 37.5% in 2QFY2014, in-spite of which the operating margins came in at 18.2% V/s 19.4% in 2QFY2014, mainly on back of 11.1% rise in the other expenditure.

Commenting on the result,  Sarabjit Kour Nangra VP research, pharma, Angel Broking, said, ''Along with the higher depreciation and taxation aided the Adj. PAT to come in at  Rs. 730 million V/s Rs. 800 million, a dip of 8.2%. We maintain our neutral rating on the stock.''

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