Rallis India shares plunge over 8% after company posts 50% decline in Q4 net profit

New Delhi: Shares of agriculture solutions firm Rallis India on Wednesday plunged over 8 percent after the company reported a decline of 49.62 percent in its consolidated net profit for the quarter ended March, 2020. On BSE, the stock plummeted 7.91 percent to Rs 205.95. It sunk 8.37 percent to Rs 205 on NSE. [caption id=“attachment_8115531” align=“alignleft” width=“380”] Representational image. News18[/caption] Rallis India on Tuesday reported a decline of 49.62 percent in its consolidated net profit at Rs 0.68 crore for the quarter ended March 2020. Click here to follow LIVE news and updates on stock markets The firm had posted a net profit of Rs 1.35 crore in the same period a year ago, the company said in a BSE filing. The total income marginally increased to Rs 346.29 crore during the period as against Rs 339.69 crore during the quarter ended 31 March, 2019. Due to the nationwide COVID-19 lockdown, Rallis India said its operations were disrupted at certain manufacturing facilities and depots of the company, as a result of which goods worth Rs 16.04 crore could not be dispatched to the domestic market.