Accelerated Growth and Diversification

Accelerated Growth and Diversification Hansavivek RALLIS INDIA has fared so well during the year ended May 1985 that it has more than doubled the equity dividend and the distribution has a thicker earnings cover than last year's. Turnover has amounted to Rs 175.26 crore against Rs 118.12 crore of the preceding nine month-period and gross profit has almost trebled to Rs 6.44 crore from Rs 2.17 crore. Although tax liability has taken away much more and depreciation also claimed a higher provision, net profit has increased from Rs 89 lakh to Rs 295 lakh. The recommended dividend of 22.5 per cent is covered 2.36 times against 1.43 times previously. On completion of the legal formalities for the amalgamation of Protein Products of India with the company with effect from September 1,1983, those shareholders of PPI, who opt for the company's shares in lieu of their holding in PPI, will also be entitled to the interim as well as final dividend for 1984-85. The Agrochemicals division launched'a new product, Fenvalerate, which is a synthetic pyrethroid based on technology deve- The Week's Companies loped by the company's Rand D Centre. The product has been well accepted by the Indian farmers and is recognised 'as a premium quality product in the market. The Engineering division registered increased sales of fans. It has also developed its third party distribution arrangements by extending support for design and quality control. Improved lighter weight double insulated tools were introduced in the market. Manufacturing units of the Pharmaceuticals division are being modernised to update technology and manufacturing procedures.