AI assistant
Rallis India Ltd Earnings Release 2019
61808_rns_2019-07-18_aabd029f-58fd-4540-9e5e-46fa65ba22e0.pdf
Earnings Release
Open in viewerOpens in your device viewer
RALLIS INDIA LIMITED
Corporate Identity No. L36992MH1948PLC014083
2nd Floor Sharda Terraces Plot No 65 Sector 11 CBD Belapur Navi Mumbai 400 614 Tel 91 22 6776 1657 Fax 91 22 6776 1775 email [email protected]
Yash Sheth Company Secretary
18th July, 2019
The General Manager Corporate Relationship Dept. BSE Limited Phiroze Jeejeebhoy Towers Dalal Street Mumbai 400 001 Symbol: 500355
Asst. Vice President National Stock Exchange of India Ltd. Exchange Plaza, 5th Floor Plot No. C/1, G Block Bandra - Kurla Complex Bandra (E), Mumbai 400 051 Symbol: RALLIS
Dear Sir,
Sub: Press release on financial results for the quarter ended 30th June, 2019
With regard to the Unaudited Financial Results of the Company for the quarter ended 30th June, 2019, we are enclosing the Press Release in respect of the same for your reference.
Thanking you,
Yours faithfully, RALLIS INDIA LIMITED
YASH SHETH
Encl.: $a/a$
Regd Office 156/157 15th Floor Nariman Bhavan 227 Nariman Point Mumbai 400 021 Tel 91 22 6665 2700 Fax 91 22 6665 2847 website www.rallis.co.in
A TATA Enterprise
For immediate use
Rallis/PR/02-1920/Corp Q1FY1920 Press Release
Consolidated Revenues at Rs 623 Crores, up 8.8% yoy Consolidated PAT at Rs 68 Crores, up 23.8% yoy
Mumbai, 18 July, 2019: 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 June 2019.
Announcing the results, Mr. Sanjiv Lal, Managing Director and CEO, said, "Although the monsoon was delayed and impacted sowings, revamped channel policies and improved price realisation yielded a satisfactory performance both in agrochemicals and seeds in the domestic market. There has also been strong growth in our international crop protection chemical business and this momentum is expected to continue. Our capacity expansion at Dahej is on track. Raw material availability and cost pressures were witnessed in Q1. Meanwhile, Rallis remains focused on navigating this scenario with enhanced focus on supply chain effectiveness and executing on its growth plans"
Consolidated Key Highlights – Q1
The company recorded consolidated revenues of ₹ 623 crs for the quarter ended 30 June, 2019, a growth of 8.8% over PY( ₹ 573 crs). Profit before tax (before exceptional items) was at ₹ 87 crs (PY ₹ 76 crs) and the profit after tax was ₹ 68 crs (PY ₹ 55 crs).
Standalone Key Highlights – Q1
Rallis standalone recorded revenues of ₹ 363 crs (PY ₹ 352 crs) for the quarter ended 30 June, 2019. Profit before tax (before exceptional items) was at ₹ 12 crs (PY ₹ 11 crs) and the profit after tax was ₹ 8 crs (PY ₹ 8 crs).
Key Developments –
- The revamped trade policy has been well accepted by the channel partners in the domestic market, both crop protection (CP) chemicals and seeds.
- International CP chemical business grew by 12%, chiefly driven by Acephate and Metribuzin
- Poised to launch 2 formulations in the domestic market
- Completed first stage capacity expansion of Metribuzin 500 MT in June 2019; commercial production underway
About Rallis India
Rallis India Ltd. is a subsidiary of Tata Chemicals and a part of US\$ 110.7bn Tata Group. It is one of India's leading Agro Sciences Companies, with more than 160 years of experience of servicing Rural Markets and with the most comprehensive portfolio of products/solutions for Indian farmers. Rallis is known for its deep understanding of Indian Agriculture, sustained contact with farmers, quality agrochemicals, branding & marketing expertise along with its strong product portfolio. Rallis has marketing alliances with several multinational agrochemical companies. Rallis is also known for its manufacturing capabilities and ability to develop new processes and formulations, hence is considered as a preferred partner for contract manufacturing by leading global corporations
For more information please contact:
R Nanda | Manisha Keshwa
Corporate Communications Tata Chemicals Ltd Tel: +91 22 66437468 |+ 91 8879288634 Email: [email protected]| [email protected]
Vilas Bade | Jerry Angamali Adfactors PR Mobile – 8007771343 |+ 9870011311 Email: [email protected] [email protected]