The company announced the results after market hours on Monday, 23 April 2012.

Meanwhile, the BSE Sensex was down 18.66 points or 0.11% to 17,078.02.

On BSE, 24,000 shares were traded in the counter as against average daily volume of 76,690 shares in the past one quarter.

The stock hit a high of Rs 124.70 and a low of Rs 116.60 so far during the day. The stock had hit a 52-week low of Rs 113.50 on 2 January 2012. The stock had hit a record high of Rs 185.70 on 4 October 2011.

The stock had outperformed the market over the past one month till 23 April 2012, rising 5.67% compared with the Sensex's 1.53% fall. The scrip had also outperformed the market in past one quarter, gaining 4.81% as against Sensex's 2.06% gain.

The company has an equity capital of Rs 19.44 crore. Face value per share is Re 1.

Rallis India's consolidated net profit fell 21.3% to Rs 99.18 crore on 16.8% growth in net sales to Rs 1245.24 crore for the year ended 31 March 2012 over the year ended 31 March 2011.

Commenting on the results, Mr V Shankar, Managing Director and CEO, Rallis India said, I am pleased to inform that the company has crossed a new milestone in terms of achieving revenue of Rs 1245 crore, registering a healthy growth of 17% even as the year witnessed erratic rainfall and difficult agricultural conditions.

Meanwhile, Rallis India board approved entering into definitive agreements to acquire a majority equity stake of 51% in Zero Waste Agro Organics (ZWAOPL), a Maharashtra based organic manure and soil conditioners manufacturing company. The acquisition is an all cash deal for Rs 29 crore, funded largely through internal accruals. Rallis will also have exclusive sales and marketing arrangements with ZWAOPL, for domestic and international markets, the company said.

With this, Rallis strengthens its product portfolio with organic manure and soil conditioner products to improve deteriorating soil health and drive agricultural productivity, Rallis said. Acquisition of this organic manure business will spur the Rallis Poised growth strategy, the company added.

Rallis India's board of directors at a meeting held on Monday, 23 April 2012, recommended payment of final dividend of Rs 1.20 per share for the year ended 31 March 2012.

Rallis India is one of India's leading agrochemicals companies, with a comprehensive portfolio of crop-care solutions.