Rallis India - Q3 FY13 Result First Cut - Subdued Performance - Microsec

Rallis India posted its Q3 FY13 results on 23 Jan 2013. The top line grew by 7% on yoy basis. Due to higher proportion of traded items, EBITDA margin plummet by 220 basis points on yoy basis. Though reported net profit increased by 188% but after excluding the provision for impairment assets in Q3 FY12, adjusted net profit decreased by 31% on yoy basis.

The stock is likely to show some corrections but we have long term positive view.

Source : Equity Bulls

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