Rallis India shares hit all-time high on encouraging Q2 result; check key numbers

The company on Tuesday reported a 19.51% growth in its net profit for the quarter under review at ₹98 crore compared to ₹82 crore in the year-ago period. 

Revenue from operations came in at ₹928 crore, up 11.5% against ₹832 crore logged in the corresponding quarter of the previous fiscal. 

"We had a strong second quarter performance in FY25, helped by double-digit growth in the domestic market, both in the crop care and seeds business. Revenue increased to reach ₹928 crore and profit after tax increased to reach ₹98 crore," Rallis India Managing Director and CEO Dr Gyanendra Shukla said.

"International business had volume recovery, though prices continue to be a challenge. We remain positive for the upcoming rabi season with higher reservoir water levels," he said.

Basic and diluted earnings per share in the September quarter stood at ₹5.04 against ₹4.23 in the September 2023 quarter.

At the time of writing this report, shares of Rallis India were trading at ₹367.55 apiece on the BSE, up 14.29%. The market capitalisation of the company stood at ₹7,147.70 crore.

Rallis India is one of the leading players in the agricultural inputs industry. The company markets products for each step of the crop cycle to facilitate an integrated crop management system and increase agricultural yield and farm income. It has a diversified portfolio and a channel network of 4500 dealers and 60000 retailers.

In June 2024, Rallis India launched a new herbicide called 'Mark Plus' for soybean and groundnut crops, initially targeting three key agricultural states. The product will first be available in Maharashtra, Madhya Pradesh, and Gujarat before a nationwide rollout, the company said in a statement.

Mark Plus is a pre-emergence herbicide that combines two active ingredients new to the Indian market. It works by inhibiting ALS, an enzyme crucial for weed growth, and disrupting microtubule formation necessary for cell division in weeds.