Rallis India: Net profit sinks by 93 per cent, recommends Rs. 2.5 dividend
Rallis India reported its results for the quarter ended March 31, 2018 after market hours on Thursday. The company’s standalone revenue for the quarter came in at Rs. 339.69 crore, registering 8.5 per cent yoy decline.
EBITDA for the quarter fell by 80.5 per cent yoy to Rs. 6.8 crore with a corresponding margin contraction of 738 bps. EBITDA margin for the quarter stood at 2 per cent. The PAT for the quarter came in at Rs. 1.35 crore, yoy decline of 93.1 per cent.
In the recent quarter, the company's international business and seeds business grew by 36 per cent and 5 per cent, respectively.
Looking at the full year numbers in FY19, the revenue increased by 9.7 per cent on yoy basis. Whereas EBITDA and net profit declined by 8.9 per cent and 7.3 per cent, respectively on yoy basis.
The board has recommended a dividend of Rs 2.50 per share to the shareholders.
On Friday, the stock of Rallis India opened at Rs. 151, down by almost 4 per cent from its previous close of Rs. 157.20 on the BSE.