Rallis India Limited reported its unaudited financial results for the second quarter ended September 30, 2024, showing a 19% year-on-year growth in net profit, which reached ₹98 crore compared to ₹82 crore in the same quarter of the previous year. The company’s performance was supported by healthy revenue growth and efficient cost management.
Financial Highlights
- Revenue: The company’s revenue from operations rose to ₹928 crore in Q2 FY25, up from ₹832 crore in Q2 FY24, marking an increase of approximately 11.5%.
- Other Income: Other income for the quarter stood at ₹10 crore, consistent with the ₹5 crore reported in the same period last year.
- Total Expenses: The total expenses for Q2 FY25 were ₹795 crore, a slight increase from ₹728 crore in Q2 FY24. The primary contributors were the cost of materials consumed and employee benefits expenses.
- Net Profit: Rallis India’s net profit for the quarter was ₹98 crore, up from ₹82 crore in the same period last year, reflecting a year-on-year increase of around 19.5%.
- Earnings per Share (EPS): The EPS for Q2 FY25 rose to ₹5.04 from ₹4.23 in Q2 FY24.
The company saw a notable increase in revenue, supported by strong operational performance and a rise in net income. The rise in expenses was proportionate to the revenue growth, allowing the company to maintain profitability.
TOPICS:
Rallis India