Rallis’ profit surges in Q-2
October 25, 2005

Quarterly results
In continuation of its impressive turnaround over the last two years, Rallis India announced Q-2 profits which are substantially higher than those for Q-2 last year. This profit performance was based primarily on an increase of 20 per cent in pesticide sales and includes a gain of Rs 10.66 crore on account of the sale of a business unit.

Further a strong drive to cut costs and control interest expenses helped to achieve the increased profit.

Half yearly results
During the half year, Rallis improved its market share in pesticides. For the period ended September 2005, pesticides sales increased by 18 per cent while the overall industry has witnessed a declining trend compared to last year.

PBT for H1 at Rs 35.13 crore is also considerably higher than the PBT for the corresponding period of the previous financial year

Outlook
The positive reservoir situation holds promise of a good rabi season for the country. The company’s broad product portfolio has been enriched by alliances with major agrochemical companies. Combined with control of costs and capital employed this is expected to contribute significantly to sustaining financial results.