Rallis down 3% in fourth quarter
Rallis India recorded a sales decline of 2.8% to Rs 3,148.4 million ($50.5 million at the current rate) in its fourth quarter ended March 31st 2015. Sales comprised agrochemicals, seeds and plant growth nutrients. Net profit for the quarter was up 17.5% to Rs 212.5 million ($3.4 million). Profit after tax rose by 10% to Rs 210 million ($3.4 million). The earnings before interest, taxes, depreciation and amortisation (EBITDA) margin increased by 1.2 percentage points to 14.1%.