Shares of Rallis India
plunged 6% on the BSE as the company’s revenue, EBITDA, and net profit missed the estimate
. The company’s consolidated revenue came in at Rs417.35cr, up 7% yoy.
The operating profit declined 26.9% yoy to Rs27.63cr in Q3FY19. The adjusted consolidated net profit (attributable to shareholders) of the company for Q3FY19 stood at Rs13.88cr which is down 44.7% yoy.
The gross profit margin declined by ~266bps yoy to 39.5% in Q3FY19. This is on account of inflationary imported raw material prices.
Rallis India Ltd is currently trading at Rs163.35 down by Rs9.65 or 5.58% from its previous closing of Rs173 on the BSE.
The scrip opened at Rs168.10 and has touched a high and low of Rs168.60 and Rs162.35 respectively.