Q3 results — October-December 2007
Rallis India, announced its financial results for third quarter ended December 31, 2007. The company has significantly increased profit before tax at Rs16.7 crore in Q3 compared to Rs10.0 crore during the same period last year. Revenues rose by 8 per cent to Rs201.6 crore, compared to Rs186.2 crore in Q3 last year.

Nine months' results April-December 2007
The company recorded profit before tax of Rs139 crore for the first nine months of FY 2007-08, compared to the figure of Rs48 crore in the corresponding period last year thereby registering a significant improvement in performance so far this year. This included profit from exceptional items due to sale of land totalling Rs87 crore (Rs54 crore last year in the corresponding period).

The income from operations during the first nine months of the FY2007-08 crossed a new milestone at Rs605.1 crore, which is 8 per cent higher than the income of Rs558.4 crore in the corresponding period last year.

Commenting on the company's performance for Q3 and nine months, Mr V Shankar, CEO and executive director, Rallis India, said, "I am pleased that our growth initiatives have contributed to bettering our performance in Q3. The focus on improving the product mix as well as the satisfying results of our new products have been beneficial. Our value creation programme DISHA and focus on international business through our APOLLO initiative have also been big contributors."

The company recently launched a formulation of a patented insecticide of Nihon Nohyaku, its Japanese alliance partner in the Indian market under the brand name TAKUMI. With its unique activity that gives long duration control on caterpillar insects across a range of crops, the farmer response to TAKUMI is very encouraging. The company is also actively pursuing expansion plans to grow with custom manufacturing business, given the sourcing opportunities opening up in the country.