PBT has been registered at Rs 222 crore with a decline of 24 per cent
Rallis India, a TATA Enterprise and a leading player in the Indian agri inputs industry, announced its financial results for the quarter and the financial year ended March 31, 2022.
The company recorded consolidated revenues of Rs 508 crore in Q4, an increase of 8 per cent over the previous year (PY) of Rs 471 crore. Loss before tax (before exceptional items) was at (Rs 16) crore as compared to PY of profit before tax (before exceptional item) of Rs 10 crore and the Loss after tax (after exceptional items) was (Rs 14) crore, as compared to PY profit after tax (after exceptional item) of Rs 8 crore.
During the 12 months ending March 31, 2022 quarter, the company recorded consolidated revenues of Rs 2604 crore registering a growth of 7.2 per cent over PY of Rs 2429 crore. Profit before tax (before exceptional items) was at Rs 222 crore with a decline of 24 per cent over PY of Rs 294 crore and the profit after tax (after exceptional items) was Rs 164 crore, registering a decline of 28 per cent over PY of Rs 229 crore.
Sanjiv Lal, MD and CEO, Rallis India said, “The company delivered a resilient performance in the wake of multiple headwinds during the year. Our domestic crop care business grew at 14 per cent and exports by 6.2 per cent during the year. Our seeds business faced challenges and revenue declined by 13 per cent. Supply chain challenges continued into Q4 with availability issues for certain intermediates as well as steep cost inflation. We are focussed on minimising the disruptions to our products as much as possible. Calibrated price corrections have helped in partially neutralising the material cost inflation.”
He added, “On the positive side, predictions of normal monsoons and robust commodity prices both locally and globally are expected to have a favourable impact on Indian agriculture. Moving forward we are focused on growth despite the volatile context. On a longer-term basis, our capex plans, new product introduction plans, and demand generation investments remain on course as we believe that normalcy will be restored progressively. While doing this, we are also consistently prioritising the safety and well-being of all our employees and other stakeholders.”
