Rallis India - 4QFY2013 results - Angel Broking

Rallis India, 4QFY2013 numbers came in robust. The top line grew by 34.0% to Rs. 277cr.The OPM came in line at 7.9%, much higher than the 1.0% during the last corresponding period. This aided the Adj. net profit to end the period at Rs. 11.3cr, a yoy growth of 104.0%. In came in spite of higher taxation during the period, which was 42.9% of PBT V/s 38.2% of PBT during the last corresponding period.

We remain neutral on stock.

Source : Equity Bulls

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