Crop protection major Rallis India, a part of the Tata Group, on Wednesday reported a marginally higher consolidated net profit of Rs. 61.56 crore (Rs. 58.52 crore) for the second quarter ended September 30, 2012. Consolidated net sales rose 11 per cent to Rs. 480.62 crore while the operating profit fell 5 per cent to Rs. 89 crore due to higher input costs.
The Rallis Board declared an interim dividend of Re 1 per share (100 per cent ).
For the half year ended September 2012, Rallis reported a five per cent higher net profit of Rs. 85.73 crore on 14 per cent higher net sales of Rs. 821.63 crore. The operating profit was down six per cent at Rs 123.11 crore.
On a standalone basis, the quarterly net profit was marginally up at Rs. 65.67 crore (Rs. 61.8 crore) on higher net sales of Rs. 461.2 crore (Rs. 429 crore).
The half-yearly net profit was up at Rs. 81.1 crore (Rs. 78.4 crore) on higher net sales of Rs. 726.6 crore (Rs. 661.56 crore).
Addressing media, V. Shankar, Managing Director and CEO, Rallis India said, “During the first half of the year, in spite of delayed and deficient monsoon, our revenues grew. About a third of the geographical area of the country received sub-normal rainfall. Business conditions were quite tricky.’’
