Net Profit Jumps 55% For Rallis India

Posted by Matt Hopkins|15 January 2010

Crop protection company Rallis India, a Tata Chemicals subsidiary, announced a profit of US$5.26 million in third quarter (Q3) ended December 31, 2009, a rise of 55% over the same period last year.

The company recorded before-tax profit before exceptional items of $8.986 million during the Q3, a rise of 58% from last year`s figure of $5.698 million despite net sales marginally declining to $4.45 million as against the previous year’s Q3 $4.56 million.

Business increased in the domestic market with sales of Taqat, Applaud, Takumi and Ergon. The company has also significantly improved operational efficiencies and has successfully commissioned some additions to its manufacturing capacity.

Managing Director V. Shankar said: “The farmer response to our portfolio of products has been very satisfying and our investment into the farmer relationship initiative Rallis Kisan Kutumba has been intensified. I do look forward to our Dahej project being commissioned in the next few months to take on new businesses in contract manufacturing. We are continuing with our progress on the Rallis poised growth agenda.”