Rallis India’s consolidated Q4 net profit down 8.8%

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Mumbai, April 24 (IANS) Agro-chemicals major Rallis India on Monday reported a decline of 8.82 per cent in its consolidated net profit for the fourth quarter of 2016-17.

The Tata Group company’s net profit declined to Rs 3l crore from Rs 34 crore reported for the corresponding quarter of 2015-16.

The company’s total comprehensive income dropped by 8.57 per cent to Rs 32 crore from Rs 35 crore.

“Our overall performance was in line with previous year in Q4. The below normal northeast monsoon severely affected the key southern states,” said V.Shankar, Managing Director and Chief Executive Officer of Rallis India.

–IANS

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