Rallis India Limited Invest For Long Term

Rallis India Limited, a Tata group company and a leading agrochemical player in India, kept up its track record and announced another set of good results for first quarter ended 30th June 2009.
Seasonally, the first quarter always shows lower earnings as sowing begins only after the first quarter and hence Q1FY10, keeping with the cycle showed a subdued performance.
Sales were down 5% at Rs.166.45 crore. Still Rallis managed to end the quarter with a higher net profit at Rs.9.40 crore, up 122%. So despite the slack season it has managed to have a healthier bottomline. The improvement in realisation and drop in raw material cost resulted in higher net profit. Interest outgo was down 73% due to improved cash flow and working capital.
Rallis plans to invest Rs.150 crore in the first phase of its ongoing project at Dahej in Gujarat, expected to be commissioned between April-June 2010.
Rallis is a very good stock to have in my portfolio, stay invested and Also invest for long term on declines; thanks