Rallis India is trading higher by 3% at Rs 146 after the company reported 5% year-on-year growth in consolidated net profit at Rs 61.56 crore for the second quarter ended September 30, 2012. The company had a profit of Rs 24.17 crore in June quarter.
“Consolidated net sales rose 11% to Rs 481 crore while the operating profit fell 5% to Rs. 89 crore due to higher input costs,” Tata Group crop protection major said in a filing.
Meanwhile, the board of directors declared an interim dividend of 100% or Re 1 per share for the financial year 2012-13.
The stock opened at Rs 145 and hit a high of Rs 147 on the BSE. A combined around 60,000 shares have changed hands on the counter in opening deals on both the exchanges.
