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This is an archive article published on January 17, 2011

Rallis India Q3 net up 41%

Tata Group firm Rallis India reported a net profit of Rs 34 crore for the quarter ended December 31.

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Tata Group firm Rallis India reported a net profit of Rs 34 crore for the quarter ended December 31,2010,translating into 41.6 per cent growth vis-a-vis the corresponding period of the previous year.

The company had posted a net profit of Rs 24 crore for the quarter ended December 31,2009,Rallis India said in a filing to the Bombay Stock Exchange.

Rallis India’s net sales during the quarter (October-December) under consideration rose by 32 per cent to Rs 268 crore,as against Rs 203 crore in the same period a year ago. “The growth has been driven by our value adding offerings to farmers introduced in the last four years,” Rallis India Managing Director and CEO V Shankar said while commenting on the result.

Rallis India is a subsidiary of Tata Chemicals and it manufactures crop protection chemicals and other agro-chemical products

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