Shares of Tata group firm, Rallis India, slumped over 7% to Rs 210 on the BSE after the company reported marginal decline in its consolidated net profit to Rs 73.43 crore for the quarter ended September 30.
The company had posted a net profit of Rs 74.75 crore in the same quarter previous year.
However, the total income from operations of the company during the June-September period climbed to Rs 642 crore from Rs 502 crore in the year ago period.
Meanwhile, Rallis India Managing Director and CEO V Shankar added, "I am pleased that we have recorded good performance across our business segments despite the erratic South-West monsoon this kharif. The long drought like spell followed by heavy rains in certain areas did not augur well for the normal cropping pattern affecting yields and farm incomes."
The stock opened at Rs 225, touched a high of Rs 225 and a low of Rs 206 on the BSE. A total of 126,075 shares changed hands on the BSE so far.
