Rallis India’s consolidated PAT during 2020-21 grew by 24 per cent to Rs 228.58 crore as compared to Rs 183.69 crore in the previous fiscal.
Rallis India, a subsidiary of Tata Chemicals, reported a consolidated profit after tax (after exceptional items) of Rs 8.12 crore for the March quarter. The company’s consolidated PAT stood at Rs 68 lakh during the corresponding period of 2019-20, Rallis India said in a BSE filing.
Consolidated revenue from operations of the company during the quarter under review grew to Rs 471.26 crore compared to Rs 355.79 crore earlier. Rallis India’s consolidated PAT during 2020-21 grew by 24 per cent to Rs 228.58 crore as compared to Rs 183.69 crore in the previous fiscal. Consolidated revenue went up by 8 per cent to Rs 2,429.44 crore as against Rs 2,251.82 crore in FY20.
Rallis India Managing Director and CEO Sanjiv Lal said, “The favourable agricultural activities in the last quarter were supportive of our domestic crop care business, which grew by 14 per cent and seeds business by 7 per cent. Exports were robust during the quarter. The ongoing harvest season is expected to support a continued growth in agricultural production aided by normal monsoon forecast”.
Lal also added that the company will continue to keep a close watch on the second wave of COVID-19 to ensure it can sail through the hard times. While positioning ourselves to meet the market requirements, we are also consistently prioritising the safety and well-being of all our employees and other stakeholders.
