Tata group firm Rallis India today reported marginal decline in its consolidated net profit to Rs 73.43 crore for the quarter ended September 30. The company had clocked a net profit of Rs 74.75 crore in the same quarter last year. The total income from operations of the company during the June-September period rose to Rs 641.94 from Rs 502.40 crore in the year ago period. Rallis India Managing Director and CEO V Shankar said, "I am pleased that we have recorded good performance across our business segments despite the erratic South-West monsoon this kharif. The long drought like spell followed by heavy rains in certain areas did not augur well for the normal cropping pattern affecting yields and farm incomes."
Also Read: MCF fate hangs in balance: Should you bite at open offer?Rallis India is in the business of agro-chemicals. Shares of the company today closed at Rs 226.40 apiece on BSE, down by 5.90 percent.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.
