The Hindu Business Line : Rallis net profit doubles on pesticide sales

RALLIS India Ltd reported a 100 per cent increase in profit after tax at Rs 28.17 crore for the September 2005 quarter from Rs 14.08 crore in the year-ago period. A 20 per cent rise in pesticide sales and a gain of Rs 10.66 crore from the sale of a business unit drove profitability, the company said.

Total revenue jumped up to Rs 221.46 crore from Rs 176.30 crore. Rallis has been able to grow its share in a market that witnessed a declining trend, Dr Venkatrao Sohoni, Managing Director, said. The industry saw lower sales because of low infestation and heavy rains. The market declined by Rs 250 crore to Rs 1,750 crore.

He said input costs have increased putting margins under pressure. "However, we managed to control working capital, fixed and staff costs,'' he said.

For the first half period, net profit rose to Rs 30.90 crore from Rs 16.17 crore on sales of Rs 343.78 (Rs 290.25 crore).

Shares of Rallis moved up to Rs 300 from the previous close of Rs 290 on BSE.

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Vishal Exports Q2 net up 68%; issues bonus shares

Shanthi Gears Q2 sales up 30%

Rallis net profit doubles on pesticide sales

Nicholas Piramal Q2 net profit flat at Rs 54.9 cr — Domestic sales drop on Phensedyl controversy

Sangam net rises 86 pc

Zee Tele Q2 net down 38 pc

Samkrg Pistons net up

Hero Honda Q2 net up 22 pc on higher volumes, cost cutting

KPIT Cummins net up 19% in Q2

Satyam closer to $1-b mark — Q2 net up 34 pc; revises outlook upwards

IDBI net profit at Rs 132 cr

Allsec net doubles