Latest News | Rallis India Stock Tumbles Nearly 10 Pc After Q4 Earnings

New Delhi, Apr 22 (PTI) Shares of agrochemicals firm Rallis India on Friday tumbled nearly 10 per cent after it reported a consolidated loss of Rs 14 crore for March quarter 2021-22.

The stock tanked 9.19 per cent to Rs 255.25 on the BSE.

Also Read | Samsung Galaxy M53 5G India Launch Today, Watch LIVE Streaming Here.

At the NSE, it went lower by 9.61 per cent to Rs 254.40.

Rallis India, a subsidiary of Tata Chemicals, on Thursday reported a consolidated loss of Rs 14 crore for March quarter due to multiple challenges, including in seeds business.

Also Read | OnePlus Ace With MediaTek Dimensity 8100-Max SoC Launched in China.

The company had posted a consolidated profit of Rs 8 crore during January-March 2020-21, Rallis India said in a BSE filing.

Consolidated revenue during the quarter under review grew 7.85 per cent to Rs 508 crore. In the year-ago period, it was Rs 471 crore.

"The company delivered a resilient performance in the wake of multiple headwinds during the year. Our domestic crop care business grew at 14 per cent and exports by 6.2 per cent during the year. Our seeds business faced challenges and revenue declined by 13 per cent," Rallis India Managing Director and CEO Sanjiv Lal said.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)