Shares of Rallis India, a subsidiary of Tata Chemicals, were in focus during trading on Wednesday. The company’s shares saw a rise of more than 16% today. The company’s shares today reached a 52-week high of ₹373.80 per share. The reason behind this rise in shares are the excellent results of the September quarter. In fact, the company has made a profit of ₹ 98 crore in the September quarter of the current financial year.
what are the details
Rallis India released the results of the second quarter of the current financial year (Q2FY25) on Tuesday. In this, the company said that its net profit increased by 21% in the September quarter and became ₹ 98 crore. Whereas in the same period last year it was ₹82 crore. EBITDA grew 24% YoY (YoY) to ₹166 crore. This was driven by margin expansion driven by positive volume growth in the domestic market. At the same time, in the second quarter of the current financial year, the revenue of this Tata Group company increased by 11.5% to ₹ 928 crore, which was ₹ 832 crore a year ago. Let us inform you that during the September quarter, Rallis India had successfully completed the pilot-scale production of pre-commercial quantity of Flavoside, a novel insecticide developed for Bio-Gene Technology Limited, an Australian company. Apart from this, the company launched ‘Contract Edge’, which is an integrated digital platform. It aims to strengthen engagement with its retailers in both crop care and seed businesses, according to the company’s earnings report.
What did the company say?
Dr. Gyanendra Shukla, Managing Director and CEO, Rallis India, said, “Double digit growth in the domestic market in both crop care and seed businesses helped us deliver a strong performance in Q2FY25. Our efforts will continue towards improving market share in the domestic business.”
stock price history
The stock has demonstrated a strong upward trend since May 2023, rising from ₹189.75 per share to its current trading price. During this period it has registered a growth of almost 100%. Year-to-date, the stock is up 47%, its biggest year-to-date gain since January 2020. Let us tell you that Rallis India is one of India’s leading agronomy companies, with more than 75 years of experience serving rural markets and the widest portfolio of products and solutions for Indian farmers.
