MUMBAI, Apr 27: Buoyed by strong fourth quarter figures, shares of Tata Group firm Rallis India today jumped by over 5 per cent.
The scrip was trading at Rs 203.45 on BSE, up 5.03 per cent over its previous close.
On NSE, the stock was trading at Rs 204, a rise of 5.59 per cent.
Rallis India reported a 51 per cent increase in consolidated net profit at Rs 32.25 crore for the March quarter.
It had posted a net profit of Rs 21.32 crore in the same period last fiscal.
Total income from operations rose to Rs 348.28 crore in the January-March period of 2015-16 compared to Rs 320.41 crore in the corresponding quarter.
“Our continued focus on quality of operations have not only held on to the margins but significantly improved our working capital situation. With emphasis on cash, we are now at zero debt status,” Rallis India Managing Director and CEO V Shankar said in a statement.
The board of the company has recommended dividend of Rs 2.50 per share (250 per cent) for the shareholders of the company. (PTI)
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