Tata Group’s stock, involved in the manufacturing of agrochemicals and spanning the agricultural input value chain, surged nearly 16 percent following a 19.5 percent year-on-year growth in net profit for Q2 FY25.
Share price variations:
With a market capitalization of Rs. 7,113.67 crores, Rallis India Ltd. rose to an intraday high of Rs. 373.70 representing a 15.72 percent increase from its previous closing price of Rs. 322.50 per share.
Reason for the Rise:
According to exchange filings, Rallis India Ltd reported a 19.51 percent year-on-year increase in net profit for Q2 FY25, reaching Rs 98 crore, up from Rs 82 crore in Q2 FY24. On a quarter-on-quarter basis, net profit surged by 104 percent, rising from Rs. 48 crore in Q1 FY25.
Revenue from operations grew by 11.53 percent year-on-year to Rs. 928 crore, compared to Rs. 832 crore in the same period last year. Sequentially, revenue increased by 18.51 percent from Rs. 783 crore in Q1 FY25. In Q2 FY25, the company reported a 7 percent growth in its crop care operations and a 48 percent increase in its seeds business compared to Q2 FY24.
For the first half of FY25, revenue rose by 6 percent to Rs. 1,711 crores, up from Rs. 1,614 crores in H1 FY24, while net profit showed a marginal increase of 0.68 percent, reaching Rs. 146 crores compared to Rs. 145 crores in the previous year.
About the company:
Rallis India Limited, a Tata Group company, is a prominent player in the agricultural inputs industry. The company manufactures and markets a wide range of agri-inputs, including pesticides, fungicides, insecticides, seeds, and plant growth nutrients.
With a robust distribution network comprising over 6,000 dealers and 70,000 retailers, Rallis India reaches a vast number of farmers across 80 percent of India’s districts and exports its products to more than 58 countries.
The company operates 14 crop care manufacturing facilities, including nine third-party units, and has three seed processing plants. It also features two
innovation centers. The company derives 60 percent of its revenue from international markets, with the remaining 40 percent coming from domestic sales.
Written By: Joseph Pv
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