Shares of Rallis India lost over 3 per cent in the morning deals on Tuesday after the company registered mixed Q4FY24 numbers. 

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At around 10:57 a.m., shares of Rallis India traded 3.25 per cent or Rs 9.2, lower at Rs 273.5 apiece. The market capitalisation of the company at around the same time stood at Rs 5,318.72 crore. 

The chemical company reported its fourth-quarter numbers on Monday after market hours. The Q4 results showed that the company's profit after tax (PAT) narrowed 70 per cent to Rs 21 crore against a loss of Rs 69 crore year-on-year (YoY).

The earnings before interest, tax, depreciation, and amortisation (EBITDA)   recorded a profit of Rs 6 crore against a loss of Rs 64 crore a year ago. The EBITDA margin of the company was registered at 1.4 per cent.

The gross margin of the company grew 1,720 basis points (bps) to 44 per cent for the quarter ended March against 26.8 per cent a year ago. 

However, its revenue slipped 16.6 per cent at Rs 436 crore for the quarter under review against Rs 523 crore a year ago. 

The company's board also recommended a dividend of Rs. 2.50 per share i.e. 250 per cent for the Financial Year 2023-24 subject to the approval of the shareholders at the ensuing Annual General Meeting. 

Tata Chemicals holds over 55.04 per cent stake in Rallis India. Rallis offers comprehensive crop care solutions, including formulations for crop protection and nutrition. It manufactures and markets a range of agri-inputs, which include pesticides, fungicides, insecticides, seeds, and plant growth nutrients. The product portfolio under each category covers a broad spectrum of crop-related requirements.

Rallis India share price: Past performance 

In a year, Rallis India shares have gained over 37 per cent against Nifty50's rise of over 26 per cent. 

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