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Rallis India Q3 profit seen up 13%
Jan. 22, 2015
Rallis India Limited
IndiaFollow
IndiaRallis India’s third quarter net profit is expected to go up 13 percent year-on-year to Rs 34.5 crore, according to the average of estimates of analysts polled by CNBC-TV18.
Net sales are seen going up 13 percent to Rs 447 crore in the quarter ended December 2014 from Rs 396 crore in same quarter last fiscal.
Operating profit may jump 25 percent year-on-year to Rs 64 crore and margin may expand 130 basis points to 14.3 percent in the quarter gone by.
Rallis India is a subsidiary of Tata Chemicals and has its business presence in the farm essentials vertical.
Analysts expect growth of 10 percent in agrochemical business and seed sales to rise by nearly 30 percent. According to them, adverse rainfalls may continue to impact growth and earlier price hikes for final product may support performance.
In Q1FY15, the company took 5-10 percent price hike on the final products.
Source: Money Control
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