Rallis India slumps after Q3 profit halves
20/01/2025 05:41
** Shares of agricultural chemicals producer Rallis India
Ltd RALL.NS fall 6.8% to 270 rupees after Q3 results
** The Tata Chemicals TTCH.NS subsidiary reports 54% y/y
decline in net profit to 110 mln rupees ($1.27 million)
** Co faced pricing pressures and lower demand in its export
business and 'intense market competition' in domestic business,
it said in a regulatory filing
** Co's revenue from operations falls 12.7% to 5.22 bln
rupees
** Monday's losses trim 12-month gain to 3.07%
** Stock rated 'sell' on avg by 13 analysts, median PT is
274 rupees - LSEG data
($1 = 86.4820 Indian rupees)
(Reporting by Ananta Agarwal in Bengaluru)
((Ananta.Agarwal@thomsonreuters.com))