NEW DELHI: The scrip of agriculture solutions firm Rallis India dropped over 5 per cent Friday after the company reported a 93 per cent fall in consolidated net profit for the fourth quarter of 2018-19.
Shares of the company dropped 4.86 per cent to ₹149.55 on the BSE.
At the NSE, shares declined 5.41 per cent to ₹149.25.
Rallis India on Thursday reported a 93 per cent fall in consolidated net profit at ₹1.35 crore for January-March 2019 due to poor sales.
The firm had posted a net profit of ₹19.58 crore in the corresponding period a year ago, it said in a BSE filing.
Total income declined to ₹350.64 crore during the quarter ended March from ₹372.66 crore in the year-ago period.
This story has been published from a wire agency feed without modifications to the text.
