Shares of Tata Group firm Rallis India will be in focus on Tuesday after the arm of Tata Chemicals reported a loss of Rs 21 crore during the quarter ended March 2024 against a loss of Rs 69 crore during the corresponding quarter of previous fiscal. Revenue from operations fell 16.63% to Rs 436 crore in Q4 compared to Rs 523 crore in the corresponding period of the previous fiscal. The board of the firm also approved a final dividend of Rs 2.5 per share for FY 24.
Rallis India stock plunged 4.64% to Rs 190 against the previous close of Rs 199.25 on BSE. The stock has lost 19.59 percent in a year and fallen 19.69 percent in 2023.
Rallis India stock tanked up to 10 per cent on Friday after the firm announced its earnings for the quarter ended March 2022. The arm of Tata Chemicals reported a 274 per cent fall in net profit in Q4. The company announced a consolidated loss of Rs 14 crore for the March quarter due to multiple challenges, including in seeds business.