Rallis India stock hits 21-month high today

Rallis India Limited, a chemical manufacturing company of Tata Group, rallied seven per cent today to hit 21-month high level of Rs 247 on BSE.

One of India’s leading crop care companies, Rallis India had zoomed 47 per cent after delivering strong Q3 numbers with 35 per cent YoY growth in the domestic business.

The company’s Profit before Tax (PBT) more than doubled at Rs 48 crore in Q3FY20. Meanwhile, it had PBT of Rs 20 crore in the same quarter of the last fiscal year.

The consolidated revenue of Rallis India is Rs 534 crore in Q3FY20, a growth of 28 per cent as compared to Rs 417 crore of the last year’s quarter. Net profit jumped 177 per cent to Rs 38 crore from Rs 14 crore of the previous year’s quarter. Also, Earnings before Interest, Tax, Depreciation and Amortisation (EBITDA) margin expanded by 380 basis points to 10.4 per cent.

At 11.57 am on Wednesday, the stock of Rallis India is trading at Rs 234.70, up by 1.73 per cent against its previous close of Rs 230.70. Its 52-week high is recorded at Rs 246.80 and its 52-week low is Rs 139.10 on BSE.