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Shares of Tata group firm Rallis India went down by over 9 per cent in the morning trade today after it reported decline in consolidated net profit for the second quarter ended September 30, 2014.
The company’s scrip dipped 9 per cent to Rs 206 on the BSE. On the NSE, the stock slumped 9.16 per cent to Rs 205.65.
Rallis India had yesterday reported a marginal decline in its consolidated net profit to Rs 73.43 crore for the quarter ended September 30, 2014.
The company had clocked a net profit of Rs 74.75 crore in the same quarter last year.
Total income from operations during the June-September period rose to Rs 641.94 from Rs 502.40 crore in the year-ago period.
Rallis India is in the business of agro-chemicals.
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