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Shares of Rallis India, a subsidiary of Tata Chemicals Limited, were in demand on Wednesday, October 16, 2024, as the scrip skyrocketed 15.04 per cent to hit an intraday high of Rs 370 per share.
The uptick in Rallis India share price came after the company announced a healthy set of September quarter of financial year 2025 (Q2FY25) results on Tuesday, October 15.
Rallis India’s profit jumped 19.5 per cent year-on-year (Y-o-Y) to Rs 98 crore in the September quarter of financial year 2025 (Q2FY25), from Rs 82 crore in the September quarter of financial year 2024 (Q2FY24).
The company’s revenue from operations rose 11.5 per cent Y-o-Y to Rs 928 crore in Q2FY25, from Rs 832 crore in Q2FY24.
At the operating front, earnings before interest, taxes, depreciation and amortisation (Ebitda), also known as operating profit, jumped 24.8 per cent annually to Rs 166 crore in Q2FY25, from Rs 133 crore in Q2FY24.
Consequently, Ebitda margin expanded 190 basis points to 17.9 per cent in the September quarter of FY25, from 16 per cent in the September quarter of FY24.
Gyanendra Shukla, managing director and CEO of Rallis India, attributed this performance to robust domestic demand, bolstered by favourable monsoon conditions and improved commodity prices. While the international market is experiencing a recovery in volume, pricing remains under pressure.
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