250% Dividend: Tata Group Firm Declares Net Loss Of Rs 21 Cr In Q4, Shares Rally

Rallis India, a subsidiary of Tata Chemicals, declared a net loss of Rs 21 crore for Q4 that ended March 31, 2024 as against the net loss of Rs 69 crore in the corresponding quarter of last year, according to the company's BSE filing. Rallis India reported a decline of 16.6% in its revenue from operations to Rs 436 crore as compared to Rs 523 crore in the similar quarter of last fiscal. Last trading price of Rallis India share on BSE is Rs 282.70 per share with intraday gain of 0.55% despite decline in Q4 net and revenue. Rallis India shares zoomed 42% in last 1-year.

The company for full year announced its net profit surged 60.87% to Rs 148.00 crore for the year ended March 2024 as against Rs 92.00 crore reported during the previous year ended March 2023. Meanwhile, sales fell 10.75% to Rs 2648.00 crore for the year ended March 2024 as compared to Rs 2967 crore announced during the previous year ended March 2023. The company declared its financial results and dividend post market hours. More details below:

Rallis India Declares Dividend: As per the regulatory filing of the company dated April 22, 2024, "Pursuant to Regulation 30 read with Schedule III Part A Para A of the SEBI Listing Regulations, the Board has recommended a dividend of Rs. 2.50 per share i.e. 250 % for the Financial Year 2023-24 subject to the approval of the shareholders at the ensuing Annual General Meeting of the Company."

Rallis India Share Performance & Return: The 52-week high price of Rallis India share on BSE is Rs 294.25 per share (as on 07/03/2024) and 52-week low price is Rs 186.50 per share (as on 22/05/2023), respectively. The company has a market capitalisation of Rs 5,497.64 crore. The stock's PE is 54.47 and EPS (TTM) is 1.25. Rallis India share surged 12% year-to-date, soared 29% in last 6-months, and offered return of 11% in last 2-years. In last 5-years, Rallis India stock zoomed 81%.

About: Rallis, a TATA Enterprise is a subsidiary of Tata Chemicals, with its business presence in the Farm Essentials vertical. It is one of India's leading crop care companies. The company's 2,300 distributors reach more than 40,000 retail counters across the country covering more than 80% of India's districts. Rallis is known for its deep understanding of Indian agriculture, sustained contact with farmers, quality agrochemicals, branding and marketing expertise, and its strong product portfolio of comprehensive crop care solutions, according to its LinkedIn page.

Disclaimer: The stock highlights the dividend, Q4 and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.