Rallis India Reports Lower Quarterly Earnings

Posted by Dan Jacobs|10 November 2015

Rallis India Ltd reported revenue of Rs. 500 crore (U.S. $75.75 million) for the September quarter a 21% decrease from the previous quarter, the company reported. Net profit after tax and minority interest was Rs. 57 crore (U.S. $8.64 million).

“We have seen very challenging times in Indian agriculture, with back-to-back drought years accompanied with low farmer netbacks and tough market conditions,” said V. Shankar, managing director and CEO. “Overall, due to monsoon deficiency, the crop acreages growth and yields have been impacted. Coupled with lower netbacks for farmers, it has put enormous pressure for the industry.”

Read Rallis India’s financial report.