It had posted a net profit of Rs 21.32 crore in the same period last fiscal, the company said in a filing to the Bombay Stock Exchange.
Total income from operations rose to Rs 348.28 crore in the January-March period of 2015-16 compared with Rs 320.41 crore in the same period last year.
Commenting on the performance, Rallis India, Managing Director and CEO V Shankar said, “Our continued focus on quality of operations have not only held on to the margins but significantly improved our working capital situation. With emphasis on cash, we are now at zero debt status.” The board of the company has recommended dividend of Rs 2.50 per share (250 per cent) for the shareholders of the company.
Meanwhile, shares of the company were trading at Rs 198.40 apiece, up 2.43 per cent from the previous close at 11:38 hours on BSE.