MARKETS
Rallis India, a Tata group stock, rallied in trade today to its fresh all-time high of Rs 373.8, a steep over 16 per cent gain. The sharp gains come by after the company reported stellar Q2 results. At the last count, Rallis India was up over 14 per cent at Rs 366.9 per share. For Q2, the company's profit grew 20 per cent on-year to Rs 98 crore, while the revenue clinched 11.5 per cent to Rs 928 crore. The company's EBITDA logged 25 per cent growth to Rs 166 crore, while margins clocked 200 bps growth and came in at 18 per cent in the review period. In the same quarter last year, the company's margins were at 16 per cent. Dr Gyanendra Shukla, Managing Director & CEO, Rallis India Limited, said, “Strong domestic demand with above normal monsoon and better commodity prices. Volume recovery in international market although pricing continues to be muted”. We had a strong Q2’ FY25 performance helped by double digit growth in the domestic market, both in the Crop Care and Seeds business. Revenue increased by 11% to reach Rs 928 Cr and Profit after Tax increased by 21% to reach ₹ 98 Cr. Domestic Crop Care delivered volume led revenue growth of 11% with prices impacting overall realization. Seeds revenue was up by 48% due to better Kharif liquidation. International business had volume recovery though prices continue to be a challenge, said the company's press release. Rallis India Limited is a subsidiary of Tata Chemicals Limited and a part of the US$ 150 billion Tata Group. It is one of India’s leading Agri sciences companies servicing rural markets with the most comprehensive portfolio of products/solutions for Indian farmers. The stock in the last one year has jumped 72 per cent. Get Latest Business News , Stock Market Updates and Videos ; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Business Twitter and Facebook . Subscribe on YouTube . None
What’s New
Spotlight
Advertisement
Featured News
Latest From This Week
Popular News
