Agro-chemicals major Rallis India, a subsidiary of Tata Chemicals, reported a 10.4 per cent rise in fourth quarter profit at ₹21.3 crore against ₹19.3 crore during the same quarter the year before.
For the quarter ending on March 31, the company registered net sales of ₹314.8 crore, down 2.8 per cent from ₹323.8 crore during the same period the previous fiscal.
For the 2014-15 financial year, Rallis India sales touched ₹1,800.8 crore, up 5 per cent from ₹1,725.7 crore the previous fiscal.
Year-on-year, profits were up 3.5 per cent at ₹157.2 crore from ₹151.9 crore, while the EBITDA margin improved by 30 basis points to 15.4 per cent.
“We faced unfavourable agro-climatic conditions through both Kharif and Rabi seasons. Our strong brands and farmer relationship programs assisted us in upholding business performance. New launches of crop protection products notably DUTON, ORIGIN and HUNK have received encouraging responses from farmers,” V Shankar, Managing Director and CEO, Rallis.
Rallis India shares traded lower by 2.9 per cent at ₹215.65 on the BSE on Thursday.