Rallis India Q1FY18 consolidated net profit declines 74% yoy

India Infoline Research Team | July 21, 2017 09:00 IST

Rallis India Ltd Q1FY18

Consolidated Results Q1FY18: (Rs. in crore)

Q1FY18 YoY (%)
Revenue 463 [1]
EDITDA 69 [7.7]
EBITDA Margin (%) 15 [108]
Net Profit (Unadjusted) 45 [74]
***EBITDA margin change is bps
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Reco. Price

242

Last updated on

20-Jul-2017


Rallis India consolidated revenue for the quarter came in at Rs. 463 crore, registering 1% yoy decline. However, revenue of Metahelix came at Rs. 226 crore, grew by 13% yoy.

EBITDA for the quarter fell by 7.7% yoy to Rs. 69 crore with a corresponding margin contraction of 108 bps. EBITDA margin for the quarter stood at 15%. This margin contraction was led by 46% yoy increase in cost of materials.

The PAT for the quarter came in at Rs. 45 crore, yoy decline of 74%. This includes Rs. 158 crores comprising profit on assignment of leasehold rights to a plot of land.

The company has signed an agreement to sell its entire shareholding, held by Advinus Therapeutics Ltd., comprising its 13.68% of equity share capital.




Technical View:

Rallis India Ltd ended at Rs. 241.95, down by 3.3 points or 1.35% from its previous closing of Rs. 245.25 on the BSE.
The scrip opened at Rs. 247.40 and touched a high and low of Rs. 247.40 and Rs. 241 respectively. A total of 19,036(NSE+BSE) shares were traded on the counter. The stock traded above its 100 DMA.

BSE 237.10 1.10 (0.47%)
NSE 237.05 1.65 (0.70%)

***Note: This is a NSE Chart

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