Agrow is part of the Business Intelligence Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC’s registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

This copy is for your personal, non-commercial use. Please do not redistribute without permission.

Printed By

UsernamePublicRestriction
UsernamePublicRestriction

Rallis down 14% in fourth quarter

Rallis India recorded a sales decline of 13.7% to Rs 2,057.3 million ($38.2 million at the current rate) in its fourth quarter ended March 31st 2011. Quarterly net profit halved (-51.8%) to Rs 92.6 million ($1.7 million). Full-year revenues, however, were up by 16.8% Rs 12,452.4 million ($231.5 million). Sales were boosted by the acquisition of the Indian agricultural biotechnology company, Metahelix Life Sciences, in December 2010 ( Agrow No 606, p 5). That led to an increase of almost a half in the first quarter of the fiscal year ( Agrow No 622, p 10). Rallis has increased its stake in Metahelix from 53.5% acquired in 2010 to 75.6% as on March 31st. Net profit for the year declined, however, by 20.4% to Rs 1,006.9 million ($18.7 million).

Topics

What to read next

UsernamePublicRestriction

Register

AG006182

Ask The Analyst

Please fill in the form below to send over your enquiry or check the Ask The Analyst Page to find out more about the service

Your question has been successfully sent to the email address below and we will get back as soon as possible. my@email.address.

All fields are required.

Please make sure all fields are completed.

Please make sure you have filled out all fields

Please make sure you have filled out all fields

Please enter a valid e-mail address

Please enter a valid Phone Number

Ask your question to our analysts

Cancel