Rallis up 16% in fourth quarter
Rallis India recorded a sales rise of 16.2% to Rs 3,237.7 million ($53.8 million at the current rate) in its fourth quarter ended March 31st 2014. Sales were boosted by volume as well as price gains. Net profit shot up by almost three-quarters (73.6%) to Rs 180.9 million ($3 million). Profit after tax jumped by 71% to Rs 190 million ($3.2 million) with the earnings before interest, tax, depreciation and amortisation (EBITDA) margin going up by 2.4 percentage points.