Rallis India share price jumped nearly 5 per cent on Wednesday after it reported a 51 per cent increase in its consolidated net profit at Rs 32.25 crore for the March quarter. It had posted a net profit of Rs 21.32 crore in the same period last fiscal.
At 12.39 pm, share price of the company was trading 2.30 per cent up at Rs 198.15. The scrip opened at Rs 202.25 and has touched a high and low of Rs 203.45 and Rs 197.30, respectively in trade so far. Later, the share price of the company ended 1.70 per cent up at Rs 197.
Total income from operations rose to Rs 348.28 crore in the January-March period of 2015-16 compared with Rs 320.41 crore in the same period last year.
“Our continued focus on quality of operations have not only held on to the margins but significantly improved our working capital situation. With emphasis on cash, we are now at zero debt status,” Rallis India Managing Director and CEO V Shankar said in a statement.
The board of the company has recommended dividend of Rs 2.50 per share (250 per cent) for the shareholders of the company.