Rallis India Q4FY17 consolidated net profit declines 9% yoy

India Infoline Research Team | April 24, 2017 18:29 IST

Rallis India Ltd Q4FY17

Consolidated Results Q4FY17: (Rs. in crore)

Q4FY17 YoY (%)
Revenue 348 [1.1]
EDITDA 42 [6.7]
EBITDA Margin (%) 12 [71]
Net Profit (adjusted) 31 [9]
***EBITDA margin change is bps
Rallis India consolidated revenue for the quarter came in at Rs. 348.12 crore, registering 1.2% yoy decline. This was majorly driven by falling demand in seed business due to its seasonal pattern and sluggish agrochemical business.

EBITDA for the quarter fell by 7.8% yoy to Rs. 41.63 crore with a corresponding margin contraction of 86 bps. EBITDA margin for the quarter stood at 12%. This margin contraction was driven by increase in cost of raw material and other expenses by 46% and 22% respectively.

The PAT for the quarter came in at Rs. 31.01 crore, yoy decline of 10%.

Looking at the full year numbers, we see that revenue jumped by 10% to reach Rs.1678.3 crore while EBITDA rose by 15% to 263.37 crore. Company reported adjusted net profit of Rs.177.43 crore,  up 21% yoy.

The company has declared a final dividend of Rs.2.5 and a one-time special dividend of Rs.1.25 out of the profit on disposal of the land at Turbhe.

Technical View:

Rallis India Ltd is currently trading at Rs. 244.2, down by 6.45 points or 2.57% from its previous closing of Rs. 250.65 on the BSE.
The scrip opened at Rs. 244.5 and has touched a high and low of Rs. 249 and Rs. 235.5 respectively. So far 514295(NSE+BSE) shares were traded on the counter. The stock is currently trading above its 50 DMA.

BSE 239.45 2.85 (1.20%)
NSE 239.55 3.10 (1.31%)

***Note: This is a NSE Chart

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