The scrip of agriculture solutions firm Rallis India dropped over 5 percent Friday after the company reported a 93 percent fall in consolidated net profit for the fourth quarter of 2018-19.

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Shares of the company dropped 4.86 percent to Rs 149.55 on the BSE.

At the NSE, shares declined 5.41 percent to Rs 149.25.

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Rallis India on Thursday reported a 93 percent fall in consolidated net profit at Rs 1.35 crore for January-March 2019 due to poor sales.

The firm had posted a net profit of Rs 19.58 crore in the corresponding period a year ago, it said in a BSE filing.

Total income declined to Rs 350.64 crore during the quarter ended March from Rs 372.66 crore in the year-ago period.