Q2FY19 Results: Rallis India reports 12 per cent rise in revenue

Rallis India Limited reported its results for the quarter ended September 30, 2018. The company reported revenue growth of 12 per cent YoY.

Rallis India's consolidated revenue for the quarter came in at Rs. 662.7 crore, registering 12.1 per cent yoy increase. EBITDA for the quarter rose by 5.1 per cent yoy to Rs. 132.26 crore with a corresponding margin contraction of 133 bps. EBITDA margin for the quarter stood at 20 per cent. This margin contraction was aided by higher manufacturing costs.

The PAT for the quarter came in at Rs. 85.09 crore, yoy increase of 10.1 per cent. PAT margin for the quarter stood at 12.83 per cent as against 13.06 per cent for the corresponding period last year.

On Wednesday, at 12.55 PM, the stock of Rallis India traded at price of Rs. 180 per share showing an uptick of 0.59 per cent from its last close on BSE. While the benchmark index BSE Sensex traded at 33991 higher by 144 points than its previous closing.