Rallis India Q2 FY24 results revealed as profit rise by 15.41% YOY

In this article, we are going to take a look at Rallis India Q2 FY24 results. Rallis India has recently released the Q2 FY24 results. Many big companies released their official Q2 FY24 results some days back. And our site has covered the results of every single company that has released the Q2 FY24 results. So moving on, Rallis India announced their official Q2 FY24 results on Wednesday. The results have given a big shock in the market. The revenue of the company has decreased by 12.53% YoY and on the other hand, the profit has increased by 15.41% YoY. Read the entire article to learn every single piece of information.

Rallis India

Rallis India Q2 FY24 results

Rallis India Q2 FY24 results have been officially declared on 25 October 2023, Wednesday. This company is the leading company in the agricultural sector. As per the results, rallies India topline has seen a decline of 12.53% if we compare it to the same quarter of 2022. But the profits have witnessed an increase of 15.41% YoY. As per the comparison to the last quarter, the company revenue grew by 6.39% and the profits increased by 30.16%. It means that there is a positive trend in Rallis India’s financial performance. Continue reading.

According to the reports, the Selling, general, and administrative expenses of the company have witnessed a decline of 3.03% QoQ and also witnessed a decrease of 0.78% YoY. The reduction in expenses has indicated a great and positive sign for the company’s cost management. Company operating income has also sparked an increase of 25.88% QoQ and 11.95% YoY. This has shown that there is an improvement in operational efficiency and profitability. The earnings per share for Quarter 2 Fy24 is Rs.4.19 and it has increased by 14.84% YoY, This has shown a significant growth in the profits of the company on a per share basis.

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If we take our eyes on the stock performance Rallis India has delivered a negative return of -5.9% in the last week. But the company has also given a positive return of 8.08% in the last 6 months.  The Year to Date returns have stood at –14.77 %. At this time the company has a market cap of Rs. 4016.76 crore and the 52-week high/low prices are Rs. 270.9 and Rs. 186.55. Currently, 14 analysts are covering the company, 3 analysts have given a Strong Sell rating, 1 analyst has given a Strong Buy rating, 5 analysts have given a Hold rating, and 5 analysts have given a Sell rating. There are mixed sentiments in the analysts to the performance of the company.

Prakash Israni
Prakash Israni

Prakash, the content creator for Techballad, has built a solid reputation for himself over the course of more than ten years of blogging