Rallis India Q3 net profit flat at Rs 25 cr
Jan. 23, 2018
"Our broad based portfolio of solutions and robust farmer relationship have been instrumental in driving our revenue growth during the quarter," Rallis India CEO and Managing Director V Shankar said.
Despite market challenges and pricing pressure, the quality of operations stood ground driven by 'Rallis Samrudh Krishi' and the digital initiatives, he said.
"Our 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. I do expect with Rabi sowing picking up, we look forward for a good Rabi season," he added.
According to the filing, the company has decided to merger its subsidiary Zero Waste Agro Organics Ltd with itself under a scheme of amalgamation subject to necessary statutory approvals from various regulatory authorities.