Sensex Trades Marginally Lower, Dow Futures Up By 18 Points

Among the buzzing stocks, today is Rallis India.

Rallis India, a subsidiary of Tata Chemicals, on Thursday, reported a consolidated profit after tax (PAT) (after exceptional items) of Rs 81.2 million for the March quarter. The company's consolidated PAT stood at Rs 6.8 million during the corresponding period last year, Rallis India said in a BSE filing.

Consolidated revenue from operations of the company during the quarter also grew to Rs 4.7 billion compared to Rs 3.5 billion in the same year-ago period.

"The favorable agricultural activities in the last quarter were supportive of our domestic crop care business, which grew by 14% and seeds business by 7%. Exports were robust during the quarter. The ongoing harvest season is expected to support a continued growth in agricultural production aided by normal monsoon forecast," Rallis India Managing Director and CEO Sanjiv Lal said.

The company will continue to keep a close watch on the second wave of Covid-19 to ensure it can sail through the hard times, he stated."While positioning ourselves to meet the market requirements, we are also consistently prioritizing the safety and well-being of all our employees and other stakeholders," Lal added.

Rallis India is one of India's leading crop care companies. The company's 2,300 distributors reach more than 40,000 retail counters across the country covering more than 80% of India's districts.

Rallis is known for its deep understanding of Indian agriculture, sustained contact with farmers, quality agrochemicals, branding and marketing expertise, and its strong product portfolio of comprehensive crop care solutions.

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Disclosure: Equitymaster Agora Research Private Limited (Research Analyst) bearing Registration No. INH000000537 (hereinafter referred as 'Equitymaster') is an independent equity research ...

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