Agrochemicals company Rallis India is expected to report weak earnings in October-December quarter. According to analysts polled by CNBC-TV18, net profit is seen rising 0.8 percent year-on-year to Rs 27 crore during the quarter.
Revenue is likely to be almost flat at Rs 387 crore for the quarter against Rs 390 crore in same quarter last fiscal.
Analysts feel Rallis’ technical and contract research & manufacturing services (CRAMS) business may continue to remain under pressure. They also see some pressure in company's domestic and export business.
They expect 14 percent growth in agrochemicals business and see 5 percent growth in seed business.
Operating profit (earnings before interest, tax, depreciation and amortisation) may increase 0.6 percent year-on-year to Rs 53 crore and margin may expand 90 basis points to 13.7 percent in quarter gone by.
Analysts say currency fluctuations may hit margin and drought in Brazil may also have some impact on margin. They expect a sequentially better quarter for Metahelix Life Sciences, a Bangalore based seeds research company.
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