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Rallis India: Restructuring pays off

Dec 4, 2001

The effect of restructuring exercise carried out in last one year is getting reflected in the performance of Rallis India. The company posted a PBT of 14 m as against a loss of Rs 86 m in the corresponding period last year. Though operating margins remain far below the desired level, they are showing signs of improvement.

Rallis India: A sharp turnaround

Aug 30, 2001

Rallis India is the largest agrochemical company in India with a market share of more than 15% in crop protection business. The company has an enviable marketing and distribution network with 4,000 dealers and 30,000 retailers across the country. Rallis India has gone through a major restructuring exercise in last three years.

Aventis: Advantage agrochem

Oct 9, 2000

An amalgamation of Hoechst, Schering, Plant Generic System and Rhone Poulenc, Aventis Crop Sceince (Aventis) has emerged as the leading global player in the agrochemical industry. In India too the company is among the top three players in the agrochemical sector.

Disastrous results from Raymond

Feb 5, 2000

Raymond has reported disastrous results for the quarter ended December 1999. While the topline has stagnated the net profit has crashed from Rs 206 m to 25.3 m. With expenditure too up by 15% the operating margins are also under severe pressure.

Rallis India Ltd reports disappointing results

Feb 1, 2000

Rallis India net down 97% to Rs 2.8 m for the 3QFY2000. Inspite of a growth of 20% in sales, the profits fell as the industry faced problems. There was high dealer credit in the face of adverse market conditions and a loss in the business of imported fertilisers due to changes in the subsidy policy which has affected DAP/MOP imports.

Raymond posts 6% growth in net

Nov 1, 1999

Raymond Limited has posted a net profits of Rs 498 m for the quarter ended 30th September 1999. The company has benefited from the increase in income from other sources and the decline in interest expenditure.

Rallis posts 13% decline in net

Oct 30, 1999

Rallis (India) has posted a 13% decline in net for the quarter ended 30th September 1999. The company suffered from increase in operating expenditure and higher interest and depreciation expenditure.

Voltas posts 88% drop in net

Oct 23, 1999

Voltas is currently undergoing a massive restructuring exercise under which it is rationalising its product portfolio. The decline in sales and profits is expected to cease once the company completes the exercise.

Indian Rayon announces share buyback

Aug 17, 1999

The management of Indian Rayon has approved a share buyback program under which it will buyback 25% of the existing equity capital. The proposed buyback will be done at a price ranging from Rs 70 to Rs 90. This is likely to ignite investor interest in the stock, which currently trades at Rs 74.55.

Voltas is back in the black

May 26, 1999

Voltas India has reported a net profit of Rs. 130 m for the year ended 1998-99 as against a loss of Rs. 90 m last year. But if the company had not sold off its non-profitable businesses (chemicals and white goods), it would have reported a loss. Voltas earned an extraordinary income of Rs. 20 m by selling its equity in Merind Ltd. and non-profitable divisions. Extraordinary income also received a boost from the excise claims of air-conditioning business (pending since 1995) and the provision for

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