Rallis India - Q2FY14 Result Review - Angel Broking

Rallis India posted good set of numbers for 2QFY2014. On the top-line front, Rallis reported healthy growth of 24.1% yoy to Rs. 596.7cr. On the EBITDA front, the company reported almost a flat OPM, rising just by 10bps which came at 19.4% in 2QFY2014 V/s 19.3% in 2QFY2013.On the bottom line front, Rallis reported adjusted PAT of Rs. 799cr, a growth of 33.6% yoy.

We remain Neutral on the stock.

Source : Equity Bulls

Keywords