Rallis India Q3 2010 net up 41%

Date:01-18-2011

Tata Group firm Rallis India today reported a net profit of Rs 34 crore for the quarter ended December 31, 2010, translating into 41.6 per cent growth vis-a-vis the corresponding period of the previous year.

The company had posted a net profit of Rs 24 crore for the quarter ended December 31, 2009, Rallis India said in a filing to the Bombay Stock Exchange .

Rallis India's net sales during the quarter (October- December) under consideration rose by 32 per cent to Rs 268 crore, as against Rs 203 crore in the same period a year ago.

"The growth has been driven by our value adding offerings to farmers introduced in the last four years," Rallis India Managing Director and CEO V Shankar said while commenting on the result.

Rallis India is a subsidiary of Tata Chemicals and it manufactures crop protection chemicals and other agrochemical products.