Rallis India's consolidated net profit rises 51% in Q4 FY2016

Rallis India, subsidiary of Tata Chemicals, reported consolidated net profit of Rs. 32.25 crore for the quarter ended March 31, 2016, registering growth of 51.27% yoy and 58.01% qoq. The company’s revenue stood at Rs. 348.28 crore, up 8.7% yoy and 12.24% qoq.

Its consolidated core operating profit of Rs. 41.89 crore for the quarter, declined by 5.65% yoy but clocked growth of 19.11% qoq. Operating profit margin for the current quarter at 12.03% contracted by 183 bps yoy but expanded by 70 bps qoq.

For the year ended March 31, 2016, the company reported consolidated net profit of Rs. 143.03 crore, declining by 9.03% yoy. Its consolidated revenue for the period stood at Rs. 1,628.60 crore, registering decline of 10.25% yoy.

Rallis India's core operating profit stood at Rs. 230.17 crore, recording decline of 16.69% yoy. Operating margin for the current period at 13.76% contracted by 147 bps yoy.

On standalone basis,Rallis India Ltd, reported standalone net profit of Rs. 30.40 crore for the quarter ended March 31, 2016, registering growth of 28.22% yoy and 14.76% qoq. The company’s revenue stood at Rs. 313.44 crore, up 9.65% yoy and 11.42% qoq.

Its standalone core operating profit of Rs. 46.05 crore for the quarter, clocked growth of 4.61% yoy and 14.64% qoq. Operating profit margin for the current quarter at 14.69% contracted by 71 bps yoy but expanded by 41 bps qoq.

For the year ended March 31, 2016, the company reported standalone net profit of Rs. 126.02 crore, declining by 13.33% yoy. Its standalone revenue for the period stood at Rs. 1,305.63 crore, registering decline of 13.6% yoy.

Rallis India's core operating profit stood at Rs. 207.38 crore, recording decline of 17.98% yoy. Operating margin for the current period at 15.65% contracted by 108 bps yoy.