Tata group's agrochemicals firm Rallis India has reported 10 per cent increase in consolidated net profit to Rs 21.32 crore for the quarter ended on March 31, on account of lower expenses.
The company had clocked a net profit of Rs 19.30 crore in the year-ago period.
Its net sales during January-March quarter of 2014-15 decreased to Rs 315 crore from Rs 324 crore in the same quarter of the previous fiscal, according to a statement.
The company's profits were up despite the fall in sales as its total expenses during the fourth quarter of 2014-15 came down to Rs 290.70 crore, from Rs 303.26 crore in the same quarter of the previous fiscal.
For the full financial year 2014-15, the company's profits increased to Rs 157.22 crore from Rs 151.87 crore in the previous fiscal.
"We crossed a new milestone of gross sales exceeding Rs 1,900 crore for 2014-15. Though, we faced a unfavourable agro climatic conditions through both Kharif and Rabi seasons," Rallis India Managing Director and CEO V Shankar said in a statement.
Besides, the company's board recommended a final dividend of Rs 1.50 per share.
Shares of the company closed at Rs 216.90 apiece, down 2.52 per cent on the BSE.
