RALLIS INDIA, Q2 FY 2011 RESULTS = VERY GOOD PERFORMANCE

Rallis India Limited

NSE Symbol       RALLIS

RALLIS INDIA  has turned in a very good performance in q2 fy 2011.

Its first quarter results were earlier reviewed at

http://wiseinvestmentideas.blogspot.com/2010/07/rallis-india-q1-fy2010-results-sales.html

Its stand alone  Q2 results are as below:

As can be seen, Net sales at Rs.363.12 cr has registered and increase of 14.68% over corresponding qtr of last year.

Net Profit is Rs.58.70 cr - up by 28.42% from corresponding Qtr.

However, Paid up equity has increased to Rs.19.45 cr from Rs.1198 due to a Bonus issue.

Hence, on enhanced equity - Basic EPS  amounts to Rs.30.18    ( against Rs.37.56 in corresponding qtr of last year over the then equity).

Its current Market price is Rs.1415 on a FV of Rs.10.  

RALLIS INDIA	30-Sep-10	30-Sep-09	Dif%2
Net Sales	36312	31664	14.68
Other Operating Income	487	421	15.68
Increase/decrease in SIT & WIP	-1476	140	-1154.29
Consumption of Raw Materials	19226	15980	20.31
Purchase of Traded Goods	3345	1793	86.56
Employees Cost	1835	1560	17.63
Depreciation	397	426	-6.81
Other Expenditure	5042	5161	-2.31
Total Expenditure	28369	25060	13.2
Profit from Operations	8430	7025	20
Other Income	110	107	2.8
Profit before Interest & Exceptional Items	8540	7132	19.74
Interest	-6	55	-110.91
Profit before tax	8546	6869	24.41
Tax expense	2676	2298	16.45
Net Profit after tax	5870	4571	28.42
Net Profit	5870	4571	28.42
Face Value .Rs	10	10	0
Paid Up Equity	1945	1198	62.35
Basic EPS	30.18	37.56	-19.65
Public holding (%)	49.83	53.9	-7.55

ANNOUNCEMENTS

TO THE EXCHANGE

14-10-2010        Rallis India Limited has informed the Exchange regarding a press release dated October 14, 2010 , titled " Rallies Q2 net rises 28%, Board to meet on Tuesday to consider interim dividend".

14-10-2010        Rallis India Limited has submitted to the Exchange the Standalone Financial Results for the period ended September 30,2010.

29-07-2010        Rallis India Limited has informed the Exchange regarding a press release dated July 28, 2010 , titled " Rallies expands its contract manufacturing facility at Ankleshwar".

16-07-2010        Rallis India Limited has informed the Exchange regarding the press release dated July 16, 2010 titled "Rallies Q1 Profit rises 58%".

16-06-2010        Rallis India Limited has informed the Exchange regarding a press release dated June 16, 2010 , titled "Syngenta and Rallis India enter into a co-operation agreement".      

29-05-2010        Rallis India Limited has informed the Exchange that "The Company has, vide Postal Ballot, obtained the approval of its Members by Ordinary Resolution for issue of bonus shares to the shareholders, in the proportion of one new fully paid equity share of Rs.10/- each for every two equity shares of Rs.10/- each held by them".

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