0
Home
News
Directory
E-newsletter
Magazine
Events
Data
AgReport
Subscribe
Rallis India profit up 117% in Q1 2014
Jul. 21, 2014
Rallis India Limited
IndiaFollow
IndiaRallis India Limited, recorded 8% increase in net sales to Rs 289 crores, for the quarter ended 30th June, 2014，on standalone basis. EBITDA grew by 56% to Rs 28 crores. Net profit increased by 117% to Rs 13 crores.
The company reported a strong 35% year on year growth in consolidated net profit at Rs 42 crore the quarter ended June 2014 (Q1).
The company's revenue during the quarter under review grew 14% to Rs 465 crore from Rs 409 crore in the corresponding quarter last year.
"The onset of monsoon was delayed and thereafter did not progress well, leading to rainfall deficiencies in most parts of the country. As a result the crop sowing is trailing severely in comparison to the field activity sometime last year," Rallis India said in a release. "During the quarter, we have launched two products with novel offering for the farmers. One of these is a combination introduced for the first time in India. Under challenging conditions our Seeds business has performed well too. The international business portfolio has also contributed well."
Source: Rallis India Limited
More from AgroNews
Change
Hot TopicSubscribe
| Subscribe Email: | * | |
| Name: | ||
| Mobile Number: | ||
Comment
0/1200
NEWSLETTER