Rallis India falls 7% as rain, supply chain issues dent Q3 profit

Rallis India

20/01/2022 05:37

** Shares of agri input maker  RALL.NS  fall as much as 6.8%
to 275.15 rupees, marking their biggest intraday pct drop since
Oct. 20
    ** Co on Wednesday reported a 13% drop in Dec-qtr profit
 urn:newsml:reuters.com:*:nFWN2TZ0NT
    ** RALL said results were hurt by excessive rainfall in
southern Indian states
    ** The seeds industry continued to face headwinds due to
restrictions for sale of paddy and maize hybrids in some states
- RALL
    ** Supply chain challenges continued into Q3, with
availability being a challenge for certain intermediates as well
as steep inflation in prices - co
    ** About 750,100 shares change hands vs the 30-day avg
volume of 375,200
    ** RALL shares up marginally in January after falling 2.6%
last year

 (Reporting by Nallur Sethuraman in Bengaluru)
 ((Sethuraman.NR@thomsonreuters.com; (+91 8061822737); Reuters
Messaging: nallur.sethuraman.thomsonreuters.com@reuters.net))