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Rallis India Ltd — Earnings Release 2021
Apr 22, 2021
61808_rns_2021-04-22_ea7ca34b-f84b-40f4-956f-810b33a6e8c2.pdf
Earnings Release
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April 22, 2021
BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza Dalal Street Bandra-Kurla Complex Bandra (E) Mumbai – 400 001 Mumbai – 400 051 Scrip Code: 500355 Symbol: RALLIS
Dear Sir,
Sub: Press Release - Audited Standalone and Consolidated Financial Results of the Company for the quarter and financial year ended March 31, 2021
Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, enclosed herewith is a copy of the Press Release with regard to the Audited Standalone and Consolidated Financial Results of the Company for the quarter and financial year ended March 31, 2021.
A copy of the press release is also being uploaded on the Company's website: www.rallis.co.in.
You are requested to take the same on record.
Thanking you,
Yours faithfully,
For Rallis India Limited
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Yash Sheth Company Secretary
Encl.: as above
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Registered Office: 23[rd] Floor, Lodha Excelus, New Cuffe Parade, Off Eastern Freeway, Wadala, Mumbai – 400 037 Tel: +91 22 6232 7400 Website: www.rallis.co.in Corporate Identity No. L36992MH1948PLC014083
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Rallis/PR/01-2122/Corp Q4FY2021 Press Release
Consolidated Revenues for FY21 at Rs. 2429 Crores, up 8% YoY
Consolidated PAT for FY21 at Rs. 229 Crores, up 24% YoY
Board recommends Dividend of Rs. 3.0 per share
Mumbai, 22 April 2021: Rallis India Limited, a TATA Enterprise and a leading player in the Indian crop protection industry announced its financial results for the quarter and year ended 31 March, 2021.
Announcing the results, Mr. Sanjiv Lal, Managing Director & CEO, Rallis India said, “The favourable agricultural activities in the last quarter were supportive of our domestic crop care business which grew by 14% and seeds business by 7%. 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. We will continue to keep a close watch on the second wave of COVID-19 to ensure we 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”
Consolidated Key Highlights – Q4
The Company recorded consolidated revenues of ₹471 Crs for the quarter ended 31 March, 2021, a growth of 36% over PY of ₹346 Crs. Profit before tax (before exceptional items) was at ₹10 Crs, as compared to PY loss of ₹ 14 Crs and the profit after tax (after exceptional items) was ₹ 8 Crs, as compared to PY of ₹ 1 Crs.
Consolidated Key Highlights – 12M
The Company recorded consolidated revenues of ₹2429 Crs for the quarter ended 31 March, 2021, a growth of 8% over PY of ₹2252 Crs. Profit before tax (before exceptional items) was at ₹294 Crs, with a growth of 30% over PY of ₹226 Crs and the profit after tax (after exceptional items) was ₹229 Crs, registering a growth of 24% over PY of ₹184 Crs.
Key Developments – Q4
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Continued priority on the safety and health of employees amidst the second wave of COVID19
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Focus on shipping, logistics, procurement and supply of raw materials
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New product launch: 9(3) formulation product Eevee launched as an insecticide & fungicide combination for vegetables
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Key Developments – 12M
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Focus remained on the safety and health of employees
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Successfully launched four new products in crop care, six in crop nutrition and four in seeds segments
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New Brand Architecture rollout underway: Total 26 Products launched
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With strong collections, maintained optimum cash flow throughout the year
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Accelerated digital initiatives from product trials to employee and farmer engagements
About Rallis India
Rallis India Ltd. is a subsidiary of Tata Chemicals and a part of over US$ 110bn 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 Prerana Channe | Namrata Kulkarni Corporate Communications Adfactors PR Tata Chemicals Ltd Mobile – 9967857161| 7506037850 Tel: +91 22 66437468 |+ 91 8879288634 Email: [email protected] Email:[email protected]| [email protected] [email protected]
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