Rallis India shares plunge 6% on decline in Q3 numbers

Shares of agrochemicals firm Rallis India today plunged by nearly 6 per cent after the company reported a 20 per cent fall in consolidated net profit for the December quarter.
The stock went down by 5.26 per cent to settle at Rs 149.55 on the BSE. During the day, it lost 8.14 per cent to Rs 145 - its 52-week low.
On NSE, the shares of the company dipped 5.79 per cent to close at Rs 148.85.
Rallis India yesterday reported a 20 per cent fall in its consolidated net profit at Rs 20.41 crore for the December quarter.
The company had reported a net profit of Rs 25.49 crore in the year-ago period.

Total income from operations during the October-December quarter of the current fiscal declined to Rs 311.11 crore as against Rs 388.18 crore in the same period last fiscal, the company had said in a BSE filing.
Rallis India is a subsidiary of Tata Chemicals with business presence in the Farm Essentials vertical.