After the company reported the net profit dropped by 43% to Rs 22.55 crore in the October-December quarter of FY23 against Rs 39.55 crore posted in the October-December quarter of FY22, then Rallis India slipped by 4.38% to Rs 234.75.

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Revenue from operations hit high marginally to Rs 630.39 crore in the last quarter from Rs 628.08 crore recorded in the previous financial year.

Profit before tax stood at Rs 29.97 crore in the October-December quarter of FY23 compared to Rs 53.06 crore reported in the October-December quarter of FY22.

EBITDA slipped 21% to Rs 53 crore in the October-December quarter of FY23 from Rs 67 crore posted in FY22. 

The company is India’s leading Agro Sciences company, with the most comprehensive portfolio of products and solutions for Indian farmers. It has marketing alliances with several multinational agrochemical companies.