Consolidated PAT has been registered at Rs 139 crore

Rallis India, a TATA Enterprise and a leading player in the Indian agri inputs industry announced its financial results for the quarter and period ended September 30, 2021.

The company recorded consolidated revenues of Rs 1468 crore for the period ended September 30, 2021, a growth of 6 per cent over previous year (PY) of Rs 1388 crore. Profit before tax (before exceptional items) was at Rs 186 crore, with a decline of 19 per cent over PY of Rs 228 crore and the profit after tax (after exceptional items) was Rs 139 crore, registering a decline of 21 per cent over PY of Rs 175 crore.

The company recorded consolidated revenues of Rs 728 crore for the quarter ended September 30, 2021, a modest growth of 0.4 per cent over PY of Rs 725 crore. Profit before tax (before exceptional items) was at Rs 76 crore, with a decline of 29 per cent over PY of Rs 108 crore and the profit after tax (after exceptional items) was Rs 56 crore, registering a decline of 32 per cent over PY of Rs 83 crore.

Sanjiv Lal, MD and CEO, Rallis India said, “The company’s efforts towards dealing with logistic issues helped in exports delivering growth of 22 per cent during the quarter. The raw material situation continues to be tough and we are focussed on minimising the disruptions to our products as much as possible. On a longer-term basis, our capex plans, new product introduction plans, and demand generation investments remain on course as we do believe that normalcy will be restored progressively.”