The Company recorded consolidated revenues of ₹725 Cr for the quarter ended 30 September,2020.
Rallis India Limited, a TATA Enterprise and a leading player in the Indian agri-inputs industry announced its financial results for the quarter ended 30 September 2020. The company witnessed a moderate quarter-ending with 3 per cent decrease in revenues YoY, despite strong domestic performance. Crop Care grew by 8 per cent YOY and Seeds by 29 per cent. However, international revenues were under pressure, recording a decline of 29 per cent . EBITDA margins were stable.
Announcing the results, Sanjiv Lal, Managing Director and CEO, Rallis India said, “Gradual return to normalcy and a good monsoon season have led to a favourable momentum for agricultural activities. Even though we are now in the Unlock phase, we continue to prioritise the safety and wellbeing of our employees. We have registered an 8 per cent revenue growth during Q2 for domestic crop care business and a 29 per cent revenue growth in seeds. Product specific challenges in the international business resulted in 29 per cent YoY de-growth during Q2. Strong operating discipline resulted in improved cash from operating activities. Despite Covid challenges, our capex program and focus on new product introduction remain on course.”
