Quick view : Rallis India reports 52% dip in net profit at R9 cr
Tata Groupís fertiliser maker Rallis India said on Monday that it has acquired a 51% stake in Maharashtra-based organic manure maker Zero Waste Agri Organics. The all-cash acquisition was made for R29 crore, all raised via internal accruals, the companyís MD and CEO, V Shankar said. Rallis also announced its financial results for the fourth quarter ended March 31. The consolidated net profit for the quarter slipped 52% as to R9 crore from R19 crore as the company sold less fertilisers.
Binani Industriesí loss widens to R165 cr in FY12
Widening its losses, Binani Industries has recorded R164.88 crore loss in fiscal 2012. The loss stood at R45.43 crore in the previous fiscal. The companyís income from operations, however, increased to R3,069.37 crore in FY12 from R2,427.23 crore in FY11, a BSE filing showed. For the fourth quarter ended March 31, 2012, net profit of the company stood at R12.15 crore in the final quarter of last fiscal against a loss of R11.41 crore in the year-ago period.
Coromandel International net profit down 8%
Fertiliser producer Coromandel International on Monday reported a decline of almost 8% in its consolidated net profit at R638.79 crore for the 2011-12 fiscal due to rise in input costs. The company had posted a net profit of R693.67 crore in the 2010-11 financial year, it said in a filing to the BSE. The total expenditure of the farm input major increased by 34% to R8,906.83 crore in the last
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