Company has registered a 13.5 per cent revenue growth during Q1 for domestic crop care business on account of robust demand
Rallis India Ltd., a subsidiary of Tata Chemicals announced its quarterly results. The company posted a consolidated net profit of Rs 91.87 crore for Q1FY21, which increased by 52.58 per cent, as compared to Q1FY20 when it reported Rs 60.21 crore.
The consolidated net sales reported in Q1FY21 came in at Rs 662.7 crore, which increased by 6.33 per cent YoY from Rs 623.24 crore in Q1FY20.
With timely arrival of the monsoons and positive farmer sentiment, agricultural activity has picked up well. With the ongoing pandemic situation, we are taking all the safety measures at the organisation level as per the government guidelines.
“We have registered a 13.5 per cent revenue growth during Q1 for domestic crop care business on account of robust demand and a 3 per cent revenue growth in seeds sales over the previous year despite the challenges faced,” Rallis India Managing Director and CEO Sanjiv Lal said.
Going forward, the company expects domestic demand to remain buoyant for crop care products, and exports to gradually pick up as well, he added.
