Rallis India Shares Surge Nearly 9% After Q1 Profit Doubles

Rallis India Ltd. saw its share price rise by nearly 9% on Tuesday following the announcement of a 98% sequential increase in consolidated net profit for the first quarter of the financial year 2026. The company's net profit reached Rs 95 crore in the April-June quarter, up from Rs 48 crore in the previous quarter.

The profit growth was accompanied by a rise in revenue from operations, which increased by 22.2% to Rs 957 crore, compared to Rs 783 crore in the previous quarter. This performance was driven by strong operational efficiencies and strategic initiatives.

Rallis India's Ebitda also saw a substantial increase of 56.3%, reaching Rs 150 crore, up from Rs 96 crore in the previous quarter. The company's Ebitda margin improved to 15.7% from 12.3%, reflecting better cost management and higher operational leverage.

The scrip rose as much as 8.97% to Rs 385.75 apiece. It pared gains to trade 6.88% higher at Rs 378.35 apiece, as of 10:49 a.m. This compares to a 0.33% advance in the NSE Nifty 50 Index.

It has risen 9.46% in the last 12 months. Total traded volume so far in the day stood at 65 times its 30-day average. The relative strength index was at 80.

Out of 16 analysts tracking the company, three maintain a 'buy' rating, four recommend a 'hold,' and nine suggest 'sell,' according to Bloomberg data. The average 12-month consensus price target implies a downside of 35.5%