Rallis India’s Q2FY17 consolidated Net Rises 31.37% YoY

Rallis India Ltd’s numbers for the quarter ended 30^th September 2016 came in below estimates. The revenue came in 4.6 per cent lower than our estimates of Rs 626 crores mainly due to below than expected growth in standalone agrochemical business. EBITDA margin was lower by 213 bps from the estimate of 19.6 per cent while net profit was 13.3 per cent lower than the estimate of Rs 77 crores.

Revenue for the quarter increased 21.2 per cent per cent year on year to Rs 597 crores.

EBITDA increased by 18.2 per cent year on year to Rs 104 crores due to lower other expenses. EBITDA margins however, contracted by 44 bps year on year to 17.5 per cent.

Net profit increased 31 per cent year on year to Rs 67 crores.

Rallis India Ltd Q2FY17
Consolidated Results Q2FY17: (Rs. in crore)
	Q2FY17	YoY (%)
Revenue	597	21.3
EDITDA	104	18.2
EBITDA Margin (%)	17.4	[44]
Net Profit (adjusted)	67	31
***EBITDA margin change is bps

Rallis India share price is currently trading at Rs 234.70, down by 0.53 per cent. The share price opened at Rs 240.00 from the previous closing of Rs 235.95. The intraday high of the share price is Rs 241.95 and the intraday low is Rs 232.50.

A total of 2,82,328 share of the Company have been traded on NSE already aggregating to a total amount of Rs 667.73 lacs.

Rallis India is recommended by Dynamic Levels research team as one of the top 500 shares out of all the NSE listed shares based on its strong fundamentals and satisfactory historical performance. The Lower Price Band of the share is 188.80 and the Upper Price Band is 283.10. Get the historical share price performance of the share price at Rallis India share price history.