Rallis India Ltd — Interim / Quarterly Report 2022

Oct 19, 2021

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October 19, 2021

BSE Limited Phiroze Jeejeebhoy Towers Dalal Street Mumbai – 400 001 Scrip Code: 500355

National Stock Exchange of India Limited Exchange Plaza Bandra-Kurla Complex Bandra (E) Mumbai – 400 051 Symbol: RALLIS

Dear Sir,

Sub: Outcome of the Board Meeting – October 19, 2021

Ref: Intimation under Regulation 30 and 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”)

This has reference to our letter dated October 8, 2021 giving notice of the Board Meeting to consider the financial results of the Company for the second quarter and half year ended September 30, 2021.

Pursuant to Regulations 30 and 33 of the Listing Regulations, we wish to inform you that the Board of Directors at their Meeting held today has, inter alia , approved the Unaudited Standalone and Consolidated Financial Results of the Company for the second quarter and half year ended September 30, 2021. In this regard, a copy of the said Financial Results together with the Limited Review Report is enclosed herewith.

These are also being made available on the website of the Company at www.rallis.co.in.

The Meeting of the Board of Directors held today commenced at 1:00 p.m. and concluded at 3:50 p.m.

The said results shall be published in one English and one vernacular newspaper as required.

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

RALLIS INDIA LIMITED

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Registered Office: 23rd Floor, Lodha Excelus at New Cuffe Parade, Off Eastern Freeway, Wadala, Mumbai 400037. PART I : CONSOLIDATED UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND PERIOD ENDED 30 SEPTEMBER, 2021

RALLIS INDIA LIMITED Registered Office: 23rd Floor, Lodha Excelus at New Cuffe Parade, Off Eastern Freeway, Wadala, Mumbai 400037. PART I : CONSOLIDATED UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND PERIOD ENDED 30 SEPTEMBER, 2021	RALLIS INDIA LIMITED Registered Office: 23rd Floor, Lodha Excelus at New Cuffe Parade, Off Eastern Freeway, Wadala, Mumbai 400037. PART I : CONSOLIDATED UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND PERIOD ENDED 30 SEPTEMBER, 2021	RALLIS INDIA LIMITED Registered Office: 23rd Floor, Lodha Excelus at New Cuffe Parade, Off Eastern Freeway, Wadala, Mumbai 400037. PART I : CONSOLIDATED UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND PERIOD ENDED 30 SEPTEMBER, 2021	RALLIS INDIA LIMITED Registered Office: 23rd Floor, Lodha Excelus at New Cuffe Parade, Off Eastern Freeway, Wadala, Mumbai 400037. PART I : CONSOLIDATED UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND PERIOD ENDED 30 SEPTEMBER, 2021	RALLIS INDIA LIMITED Registered Office: 23rd Floor, Lodha Excelus at New Cuffe Parade, Off Eastern Freeway, Wadala, Mumbai 400037. PART I : CONSOLIDATED UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND PERIOD ENDED 30 SEPTEMBER, 2021	RALLIS INDIA LIMITED Registered Office: 23rd Floor, Lodha Excelus at New Cuffe Parade, Off Eastern Freeway, Wadala, Mumbai 400037. PART I : CONSOLIDATED UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND PERIOD ENDED 30 SEPTEMBER, 2021	RALLIS INDIA LIMITED Registered Office: 23rd Floor, Lodha Excelus at New Cuffe Parade, Off Eastern Freeway, Wadala, Mumbai 400037. PART I : CONSOLIDATED UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND PERIOD ENDED 30 SEPTEMBER, 2021	RALLIS INDIA LIMITED Registered Office: 23rd Floor, Lodha Excelus at New Cuffe Parade, Off Eastern Freeway, Wadala, Mumbai 400037. PART I : CONSOLIDATED UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND PERIOD ENDED 30 SEPTEMBER, 2021
		( ₹ in Cr.)
	Particulars	Quarter ended 30 September, 2021	Quarter ended 30 June, 2021	Quarter ended 30 September, 2020	Year to date figures for the period ended 30 September 2021	Year to date figures for the period ended 30 September 2020	Year ended 31 March, 2021
		Unaudited	Unaudited	Unaudited	Unaudited	Unaudited	Audited
1 2 3 4 a) b) c) d) e) f) g) 5 6 7 8 9 10 11 12 13 **14 **	Revenue from operations (net of rebates and discounts) Other income (net) TOTAL INCOME (1+2) EXPENSES Cost of materials consumed Purchase of stock-in-trade Changes in inventories of finished goods, work-in-progress and stock-in-trade Employee benefits expense Finance costs Depreciation and amortisation expense Other expenses TOTAL EXPENSES 4(a) to 4(g) PROFIT BEFORE EXCEPTIONAL ITEMS AND TAX (3- 4) Exceptional items PROFIT BEFORE TAX (5+6) Tax expenses NET PROFIT FOR THE PERIOD (7-8) Attributable to: Shareholders of the Company Non ControllingInterest	727.80 7.49	740.51 6.99	725.01 13.05	1,468.31 14.48	1,387.71 24.80	2,429.44 40.45
		735.29	747.50	738.06	1,482.79	1,412.51	2,469.89
		383.58 40.96 39.58 61.84 1.23 17.74 113.86	372.04 39.32 41.56 59.81 0.93 18.49 106.26	384.93 55.41 8.49 54.35 1.40 20.31 105.07	755.62 80.28 81.14 121.65 2.16 36.23 220.12	734.30 78.95 35.13 103.51 3.37 38.23 190.77	1,407.55 136.59 (68.93) 216.00 5.21 64.07 415.34
		658.79	638.41	629.96	1,297.20	1,184.26	2,175.83
		76.50 -	109.09 -	108.10 1.65	185.59 -	228.25 1.65	294.06 9.45
		76.50 20.05 56.45	109.09 26.75 82.34	109.75 26.80 82.95	185.59 46.80 138.79	229.90 55.08 174.82	303.51 74.93 228.58
		56.49 (0.04)	82.34 -	82.95 -	138.83 (0.04)	174.82 -	228.58 -
	Other comprehensive income Items that will not be reclassified to profit or loss Income tax relating to items that will not be reclassified to profit or loss Items that will be reclassified to profit or loss TOTAL COMPREHENSIVE INCOME (9 + 10) Attributable to: Shareholders of the Company Non ControllingInterest	1.07 1.36 (0.31) 0.02 57.52	(3.40) (4.53) 1.11 0.02 78.94	0.75 1.07 (0.27) (0.05) 83.70	(2.33) (3.17) 0.80 0.04 136.46	2.42 3.12 (0.75) 0.05 177.24	1.40 1.76 (0.43) 0.07 229.98
		57.56 (0.04)	78.94 -	83.70 -	136.50 (0.04)	177.24 -	229.98 -
	Paid up equity share capital (Face value ₹ 1 per share) Other equity Basic and diluted earnings per share (in ₹) See accompanying notes to the consolidated financial results	19.45 2.90	19.45 4.23	19.45 4.27	19.45 7.14	19.45 8.99	19.45 1,572.04 11.75

	( ₹ in Cr.)	( ₹ in Cr.)
PART II: CONSOLIDATED UNAUDITED BALANCE SHEET AS AT 30	SEPTEMBER, 2021
Particulars	As at 30 September, 2021	As at 31 March, 2021
	Unaudited	Audited
ASSETS Non-current assets a)Property, plant and equipment b)Capital work-in-progress c)Investment property d)Right-of-use asset e) Goodwill on amalgamation f)Other intangible assets g)Intangible assets under development h)Financial assets i)Investments ii)Other financial assets i)Non current tax assets j)Other non-current assets Total non-current assets Current assets a)Inventories b)Financial assets i)Investments ii)Trade receivables iii)Cash and cash equivalents iv)Bank Balances other than (iii) above v)Other financial assets c)Other current assets d) Assets classified as held for sale Total current assets Total assets EQUITY AND LIABILITIES Equity a)Equity share capital b)Other equity Equity attributable to owners of the Company Non-controlling interests Total equity Liabilities Non-current liabilities a)Financial Liabilities Borrowings Lease liability b)Provisions c)Deferred tax liabilities (Net) d)Other non-current liabilities Total non-current liabilities Current liabilities a)Financial liabilities i)Borrowings ii)Trade and other payables	413.14 139.65 0.12 34.70 195.82 13.36 70.74 3.18 14.89 88.24 36.66	392.46 105.71 0.12 31.74 195.82 10.83 58.77 3.18 10.89 88.04 35.65
	1,010.50 797.53 224.33 614.49 13.72 51.43 6.84 127.70 4.14	933.21 763.20 280.30 406.28 10.27 44.86 7.52 138.84 4.14
	1,840.18	1,655.41
	2,850.68	2,588.62
	19.45 1,649.50	19.45 1,571.35
	1,668.95 0.65	1,590.80 0.69
	1,669.60 5.32 23.59 39.58 28.23 0.08	1,591.49 7.78 21.55 26.87 26.38 0.08
	96.80 54.23 19.86 749.42 130.28 13.20 87.91 10.20 19.18	82.66 33.83 17.35 578.72 141.01 12.45 112.74 14.26 4.11
-total outstanding dues of micro enterprises and small enterprises -total outstanding dues of creditors other than micro enterprises and small enterprises
iii)Other financial liabilities iv)Lease liabilities b)Other current liabilities c)Provisions d)Current tax liabilities Total current liabilities Total liabilities Total equity and liabilities
	1,084.28	914.47
	1,181.08	997.13
	2,850.68	2,588.62

		( ₹ in Cr.)	( ₹ in Cr.)
	PART III : CONSOLIDATED UNAUDITED STATEMENT OF CASH FLOWS FOR THE PERI	OD ENDED 30 SEPTEMBER, 2021
	Particulars	For the period ended 30 September, 2021	For the period ended 30 September, 2020
		Unaudited	Unaudited
A B C	CASH FLOW FROM OPERATING ACTIVITIES: Profit before tax Adjustments for : Finance costs Depreciation and amortisation expense Interest income Dividend income Fair valuation gain on investment in Mutual fund Gain on redemption of current investments Credit balances written back Allowance for doubtful debts (net) Impairment of Intangible assets and intangible assets under development Bad debts Provision for Directors pension liability Provision for supplemental pay (net) Provision for gratuity (net) Provision for compensated absences (net) Mark-to-market loss on forward contract Net unrealised foreign exchange loss Provision for Impairment of Tangible assets (Gain) on disposal of property, plant and equipment and investment property Operating profit before working capital changes Movements in working capital: (Increase) in trade receivables (Increase) / Decrease in inventories Decrease / (Increase) in other financial assets Decrease / (Increase) in other assets Increase in trade payables (Decrease) / Increase in other financial liabilities (Decrease) in other liabilities CASH GENERATED FROM OPERATIONS Income taxes paid (Net of refunds) NET CASH FLOWS GENERATED FROM OPERATING ACTIVITIES (A) CASH FLOW FROM INVESTING ACTIVITIES: Interest received Dividend received Payments for purchase of property , plant and equipment (including adjustments on account of capital work-in-progress, capital creditors and capital advances) Payments for intangible assets Proceeds from disposal of property , plant and equipment and investment property Purchase of current investments Proceeds from sale of current investments Investments in bank deposits NET CASH FLOWS (USED IN) INVESTING ACTIVITIES (B) CASH FLOW FROM FINANCING ACTIVITIES: Repayment of long-term borrowings (including current maturities) Proceeds from short-term borrowings Payment of lease liabilities Repayment of short-term borrowings Dividend paid on equity shares (including dividend distribution tax) Interest paid Bank balances in dividend account NET CASH FLOWS (USED IN) FINANCING ACTIVITIES (C) Exchange difference on translation of foreign currency cash and cash equivalents NET INCREASE / (DECREASE) IN CASH AND CASH EQUIVALENTS (A) + (B) + (C) + (D) CASH AND CASH EQUIVALENTS AT THE BEGINNING OF THE YEAR Cash in hand Balances with banks in current account and deposit account Bank overdrafts and cash credit facility (secured) CASH AND CASH EQUIVALENTS Net Cash and cash equivalents as per Cash flow statement CASH AND CASH EQUIVALENTS AT THE END OF THE YEAR Cash in hand Balances with banks in current account and deposit account Bank overdrafts and cash credit facility (secured) CASH AND CASH EQUIVALENTS	185.59 2.16 36.23 (1.65) (0.01) (0.26) (7.65) (0.51) 4.81 7.04 1.63 0.07 (0.21) 1.99 3.64 (1.03) (0.03) 0.16 (0.36)	229.90 3.37 38.23 (3.49) (0.01) (4.36) (5.25) (4.53) 6.82 3.61 - 0.19 (0.06) (2.67) 1.30 4.58 3.50 - (1.65)
		231.61 (215.02) (33.90) 0.53 11.53 173.69 (9.89) (24.83)	269.48 (68.78) 6.17 (0.71) (19.66) 120.81 63.38 (67.56)
		133.72 (29.27)	303.13 (23.98)
		104.45 1.56 0.01 (82.88) (24.13) 0.76 (438.98) 502.84 (9.45)	279.15 2.56 0.01 (49.17) (12.78) 1.67 (335.49) 281.50 (81.57)
		(50.27)	(193.27)
		(2.12) 20.76 (9.53) (0.76) (58.49) (0.82) 0.15	(2.45) 63.43 (11.08) (88.93) (48.65) (1.70) 0.04
		(50.81)	(89.34)
		0.03	0.05
		3.40 0.02 10.25 (0.05)	(3.41) 0.03 46.49 (24.12)
		10.22	22.40
		13.62 0.03 13.69 (0.10)	18.99 0.03 18.97 (0.01)
		13.62	18.99

Notes :

• 1 The above results were reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on 19 October, 2021. The statutory auditors have expressed an unqualified review opinion.

• 2 Financial results for all the periods presented have been prepared in accordance with the recognition and measurement principles of Ind AS notified under the Companies (Indian Accounting Standards) Rules, 2015 as amended from time to time.

• 3 The business of the Company and its subsidiary (the "Group") is seasonal in nature and the performance can be impacted by weather conditions and cropping pattern.

• 4 The Company and its subsidiaries has one reportable business segment viz. "Agri-Inputs".

• 5 During the year ended 31 March 2021, PT Metahelix Lifes Sciences Indonesia, a subsidiary of the Company, received approval for the cancellation of its Company Registration Number and revocation of its business license w.e.f. 19 March 2021. Further, an application for cancellation of its Tax Identification Number has been made and the approval for the same is awaited.

• 6 Exceptional item (as disclosed in the column ("Quarter and period ended 30 September, 2020 and Year ended 31 March, 2021) comprises profit on sale of flats (net of costs).

• 7 The Indian Parliament has approved the Code on Social Security, 2020 which would impact the contributions by the company towards Provident Fund and Gratuity. The Ministry of Labour and Employment has released draft rules for the Code on Social Security, 2020 on November 13, 2020, and has invited suggestions from stakeholders which are under active consideration by the Ministry. The Company will assess the impact and its valuation once the subject rules are notified and will give appropriate impact in its financial statements in the period in which, the Code becomes effective and the related rules to determine the financial impact are published.

• 8 The MCA wide notification dated 24 March, 2021 has amended Schedule III to the Companies Act, 2013 in respect of certain disclosures. Amendments are applicable from 1 April 2021. The Company has incorporated the changes as per the said amendment in the above results and has also changed comparative numbers wherever it is applicable

• 9 The results of the Company are available for investors at www.rallis.co.in , www.nseindia.com and www.bseindia.com .

For B S R & Co. LLP For and on behalf of Chartered Accountants Rallis India Limited Firm's Registration No: 101248W/W-100022 SANJIV Digitally signed Digitally signed by SANJIV LAL KANAYALAL KINGERTARUN by TARUN KANAYALAL KINGER Date: 2021.10.19 LAL Date: 2021.10.19 13:42:45 +05'30' 15:43:06 +05'30' Tarun Kinger SANJIV LAL Partner Managing Director & CEO Mumbai Mumbai 19 October, 2021 19 October, 2021

B S R & Co. LLP

Chartered Accountants

14th Floor, Central B Wing and North C Wing, Nesco IT Park 4, Nesco Center, Western Express Highway, Goregaon (East), Mumbai - 400 063

Telephone: +91 22 6257 1000 Fax: +91 22 6257 1010

Limited review report on unaudited quarterly and year-to-date consolidated financial results of Rallis India Limited under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

To the Board of Directors of Rallis India Limited

1. We have reviewed the accompanying Statement of unaudited consolidated financial results of Rallis India Limited (‘hereinafter referred to as ‘the Holding Company’) and its subsidiary (the Holding Company and its subsidiary together referred to as “the Group”) for the quarter ended 30 September 2021 and year-to-date results for the period from 1 April 2021 to 30 September 2021 (“the Statement”), being submitted by the Holding Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (‘Listing Regulations’).

2. This Statement, which is the responsibility of the Holding Company’s management and approved by the Holding Company’s Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 “ Interim Financial Reporting ” (“Ind AS 34”), prescribed under Section 133 of the Companies Act, 2013, and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. Our responsibility is to express a conclusion on the Statement based on our review.

3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 “Review of Interim Financial Information Performed by the Independent Auditor of the Entity”, issued by the Institute of Chartered Accountants of India. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

We also performed procedures in accordance with the circular issued by the SEBI under Regulation 33 (8) of the Listing Regulations, to the extent applicable.

1. The Statement includes the results of the following entities:

	Name of the Entity Relationship
	PT Metahelix Life Sciences Indonesia Subsidiary

Registered Office: 14th Floor, Central B Wing and North C Wing, Nesco IT Park 4, Nesco Center, Western Express Highway, Goregaon (East), Mumbai - 400063

B S R & Co. (a partnership firm with Registration No. BA61223) converted into B S R & Co. LLP (a Limited Liability Partnership with LLP Registration No. AAB-8181) with effect from October 14, 2013

B S R & Co. LLP

Limited review report on unaudited quarterly consolidated financial results under Regulation 33 of the SEBI (Listing Obligations and Disclosure Regulations) Regulations, 2015 (Continued)

Rallis India Limited

1. Based on our review conducted and procedures performed as stated in paragraph 3 above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standard and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement.

2. The Statement includes the financial information of one subsidiary which has not been reviewed, whose financial information reflect total assets of Rs 1.18 crores as at 30 September 2021 and total revenue of Rs Nil and Rs Nil, total net profit after tax of Rs 0.00 crores and loss of Rs (0.07) crores and total comprehensive income of Rs 0.00 crores and loss of Rs (0.07) crores for the quarter ended 30 September 2021 and for the period from 1 April 2021 to 30 September 2021, respectively, and cash outflows (net) of Rs 0.04 crores for the period from 1 April 2021 to 30 September 2021 as considered in the Statement. According to the information and explanations given to us by the management, these financial information are not material to the Group. (* Amount is less than Rs 0.01 crores)

Our conclusion on the Statement is not modified in respect of the above matter.

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Mumbai 19 October 2021

For B S R & Co. LLP Chartered Accountants Firm’s Registration No: 101248W/W-100022

TARUN Digitally signed KANAYAL by TARUN KANAYALAL AL KINGER Date: 2021.10.19 KINGER 15:43:38 +05'30' Tarun Kinger Partner Membership No: 105003 UDIN: 21105003AAAAEQ6173

RALLIS INDIA LIMITED

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Registered Office: 23rd Floor, Lodha Excelus at New Cuffe Parade, Off Eastern Freeway, Wadala, Mumbai 400037. PART I : STANDALONE UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND PERIOD ENDED 30 SEPTEMBER, 2021

( ` in Cr. )

|( **in Cr.)**<br>**PART I : STANDALONE UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND PERIOD ENDED 30 SEPTEMBER, 2021**<br>**RALLIS INDIA LIMITED**<br>**Registered Office: 23rd Floor, Lodha Excelus at New Cuffe Parade, Off Eastern Freeway, Wadala, Mumbai 400037.**|**( **in Cr.)
PART I : STANDALONE UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND PERIOD ENDED 30 SEPTEMBER, 2021
RALLIS INDIA LIMITED
Registered Office: 23rd Floor, Lodha Excelus at New Cuffe Parade, Off Eastern Freeway, Wadala, Mumbai 400037.|( **in Cr.)**<br>**PART I : STANDALONE UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND PERIOD ENDED 30 SEPTEMBER, 2021**<br>**RALLIS INDIA LIMITED**<br>**Registered Office: 23rd Floor, Lodha Excelus at New Cuffe Parade, Off Eastern Freeway, Wadala, Mumbai 400037.**|**( **in Cr.)
PART I : STANDALONE UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND PERIOD ENDED 30 SEPTEMBER, 2021
RALLIS INDIA LIMITED
Registered Office: 23rd Floor, Lodha Excelus at New Cuffe Parade, Off Eastern Freeway, Wadala, Mumbai 400037.|( **in Cr.)**<br>**PART I : STANDALONE UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND PERIOD ENDED 30 SEPTEMBER, 2021**<br>**RALLIS INDIA LIMITED**<br>**Registered Office: 23rd Floor, Lodha Excelus at New Cuffe Parade, Off Eastern Freeway, Wadala, Mumbai 400037.**|**( **in Cr.)
PART I : STANDALONE UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND PERIOD ENDED 30 SEPTEMBER, 2021
RALLIS INDIA LIMITED
Registered Office: 23rd Floor, Lodha Excelus at New Cuffe Parade, Off Eastern Freeway, Wadala, Mumbai 400037.|( **in Cr.)**<br>**PART I : STANDALONE UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND PERIOD ENDED 30 SEPTEMBER, 2021**<br>**RALLIS INDIA LIMITED**<br>**Registered Office: 23rd Floor, Lodha Excelus at New Cuffe Parade, Off Eastern Freeway, Wadala, Mumbai 400037.**|**( **in Cr.)
PART I : STANDALONE UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND PERIOD ENDED 30 SEPTEMBER, 2021
RALLIS INDIA LIMITED
Registered Office: 23rd Floor, Lodha Excelus at New Cuffe Parade, Off Eastern Freeway, Wadala, Mumbai 400037.|
|---|---|---|---|---|---|---|---|
||Particulars|Quarter ended
30 September,
2021|Quarter ended
30 June,
2021|Quarter ended
30 September,
2020|Year to date figures
for the period ended
30 September, 2021|Year to date figures
for the period ended
30 September, 2020|Year ended 31
March, 2021|
|||Unaudited|Unaudited|Unaudited|Unaudited|Unaudited|Audited|
|1
2
3
4
a)
b)
c)
d)
e)
f)
g)
5
6
7
8
9
10
11 |Revenue from operations (net of rebates and discounts)
Other income (net)
TOTAL INCOME (1+2)
EXPENSES
Cost of materials consumed
Purchase of stock-in-trade
Changes in inventories of finished goods, work-in-progress and
stock-in-trade
Employee benefits expense
Finance costs
Depreciation and amortisation expense
Other expenses
TOTAL EXPENSES 4(a) TO 4(g)
PROFIT BEFORE EXCEPTIONAL ITEMS AND TAX (3 - 4)
Exceptional items
PROFIT BEFORE TAX (5 - 6)
Tax expenses
NET PROFIT FOR THE PERIOD(7 - 8)|727.80
7.49|740.51
6.98|725.01
13.05|1,468.31
14.47|1,387.71
24.80|2,429.43
40.44|
|||735.29|747.49|738.06|1,482.78|1,412.51|2,469.87|
|||383.58
40.96
39.58
61.84
1.23
17.74
113.87|372.04
39.32
41.56
59.81
0.93
18.49
106.17|384.93
55.41
8.49
54.35
1.40
20.31
105.07|755.62
80.28
81.14
121.65
2.16
36.23
220.04|734.30
78.95
35.13
103.51
3.37
38.23
190.77|1,407.55
136.59
(68.93)
216.00
5.21
64.07
415.23|
|||658.80|638.32|629.96|1,297.12|1,184.26|2,175.72|
|||76.49
-|109.17
-|108.10
1.65|185.66
-|228.25
1.65|294.15
9.45|
|||76.49
20.05
56.44|109.17
26.75
82.42|109.75
26.80
82.95|185.66
46.80
138.86|229.90
55.08
174.82|303.60
74.93
228.67|
||Other Comprehensive Income
Items that will be reclassified to profit or loss
Items that will not be reclassified to profit or loss
Income tax relating to items that will not be reclassified to
profit or loss
TOTAL COMPREHENSIVE INCOME(9 + 10)|1.06
-
1.37
(0.31)
57.50|(3.43)
-
(4.54)
1.11
78.99|0.80
-
1.07
(0.27)
83.75|(2.37)
-
(3.17)
0.80
136.49|2.37
-
3.12
(0.75)
177.19|1.32
-
1.75
(0.43)
229.99|
|12
13
14 |Paid up equity share capital
(Face value1 per share)<br> **Other equity**<br> **Basic and diluted earnings per share (in**)
See accompanying notes to the standalone financial results|19.45
2.90|19.45
4.24|19.45
4.27|19.45
7.14|19.45
8.99|19.45
1,571.92
11.76|

||( **in Cr. )**|**( ** in Cr. )|
|---|---|---|
|PART II:STANDALONE UNAUDITED BALANCE SHEET AS AT 3|0 SEPTEMBER, 2021||
|Particulars|As at
30 September,
2021|As at
31 March,
2021|
||Unaudited|Audited|
|ASSETS
Non-current assets
a)Property,plant and equipment
b)Capital work-in-progress
c)Investment property
d)Right-of-use asset
e)Goodwill on amalgamation
f)Other Intangible assets
g)Intangible assets under development
h)Financial assets
i)Investments
ii)Other financial assets
i)Income-tax assets (Net)
j)Other non-current assets
Total non-current assets
Current assets
a)Inventories
b)Financial assets
i)Investments
iii)Trade receivables
iv)Cash and cash equivalents
v)Bank Balances other than (iv) above
vi)Other financial assets
c)Other current assets
Assets classified as held for sale
Total current assets
Total assets
EQUITY AND LIABILITIES
Equity
a)Equity share capital
b)Other equity
Total equity
Liabilities
Non-current liabilities
a)Financial liabilities
Borrowings
Lease liabilities
b)Provisions|413.14
139.65
0.12
34.70
195.82
13.36
70.74
3.18
14.89
88.24
36.66|392.46
105.71
0.12
31.74
195.82
10.83
58.77
3.18
10.89
88.04
35.65|
||1,010.50
797.53
224.33
614.49
12.54
51.43
6.84
127.70
4.14|933.21
763.20
280.30
406.28
9.05
44.86
7.52
138.84
4.14|
||1,839.00|1,654.19|
||2,849.50|2,587.40|
||19.45
1,650.08|19.45
1,571.92|
||1,669.53
5.32
23.59
39.58
27.15
0.08|1,591.37
7.78
21.55
26.87
25.29
0.08|
|c)Deferred tax liabilities (Net)
d)Other non-current liabilities|||
|Total non-current liabilities
Current liabilities
a)Financial liabilities
i)Borrowings
ii)Trade and other payables
-total outstanding dues of micro enterprises and small enterprises
-total outstanding dues of creditors other than micro enterprises
and small enterprises
iii)Other financial liabilities
iv)Lease liabilities|95.72
54.23
19.86
749.41
130.28
13.20
87.89
10.20
19.18|81.57
33.83
17.35
578.71
141.01
12.45
112.74
14.26
4.11|
|b)Other current liabilities|||
|c)Provisions|||
|d)Income-tax liabilities (Net)|||
|Total current liabilities
Total liabilities
Total equity and liabilities|1,084.25|914.46|
||1,179.97|996.03|
||2,849.50|2,587.40|

|||( **in Cr.)**|**( **in Cr.)|
|---|---|---|---|
||PART III:STANDALONE UNAUDITED STATEMENT OF CASH FLOWS FOR THE PERIOD END|ED 30 SEPTEMBER, 2021||
||Particulars|For the period
ended
30 September,
2021|For the period
ended
30 September,
2020|
|||Unaudited|Unaudited|
|A
B
C|CASH FLOW FROM OPERATING ACTIVITIES:
Profit before tax
Adjustments for :
Finance costs
Depreciation and amortisation expense
Interest income
Dividend income
Fair valuation gain on investment in Mutual fund
Gain on redemption of current investments
Credit balances written back
Allowance for doubtful debts (net)
Impairment of Intangible assets and intangible assets under development
Bad debts
Provision for Directors pension liability
Provision for supplemental pay (net)
Provision for gratuity (net)
Provision for compensated absences (net)
Mark-to-market (Gain) / loss on forward contract
Net unrealised foreign exchange loss
Provision for Impairment of Tangile assets
(Gain) on disposal of property, plant and equipment and investment property
Operating profit before working capital changes
Movements in working capital:
(Increase) in trade receivables
(Increase) / Decrease in inventories
Decrease / (Increase) in other financial assets
Decrease / (Increase) in other assets
Increase in trade payables
(Decrease) / Increase in other financial liabilities
(Decrease) in other liabilities
CASH GENERATED FROM OPERATIONS
Income taxes paid (Net of refunds)
NET CASH FLOWS GENERATED FROM OPERATING ACTIVITIES (A)
CASH FLOW FROM INVESTING ACTIVITIES:
Interest received
Dividend received
Purchase of current investments
Proceeds from sale of current investments
Payments for purchase of property , plant and equipment
(including adjustments on account of capital work-in-progress,
capital creditors and capital advances)
Payments for intangible assets
Proceeds from disposal of property , plant and equipment and investment property
Investments in bank deposits
NET CASH FLOWS (USED IN) INVESTING ACTIVITIES (B)
CASH FLOW FROM FINANCING ACTIVITIES:
Repayment of long-term borrowings (including current maturities)
Proceeds from short-term borrowings
Repayment of short-term borrowings
Payment of lease liabilities
Dividend paid on equity shares (including dividend distribution tax)
Interest paid
Bank balances in dividend account
NET CASH FLOWS (USED IN) FINANCING ACTIVITIES (C)
NET INCREASE / (DECREASE) IN CASH AND CASH EQUIVALENTS (A) + (B) + (C)
CASH AND CASH EQUIVALENTS AT THE BEGINNING OF THE YEAR
Cash in hand
Balances with banks in current account and deposit account
Bank overdrafts and cash credit facility (secured)
CASH AND CASH EQUIVALENTS
Net Cash and cash equivalents as per Cash flow statement
CASH AND CASH EQUIVALENTS AT THE END OF THE YEAR
Cash in hand
Balances with banks in current account and deposit account
Bank overdrafts and cash credit facility (secured)
CASH AND CASH EQUIVALENTS|185.66
2.16
36.23
(1.65)
(0.01)
(0.26)
(7.65)
(0.51)
4.81
7.04
1.63
0.07
(0.21)
1.99
3.64
(1.03)
(0.03)
0.16
(0.36)|229.90
3.37
38.23
(3.49)
(0.01)
(4.36)
(5.25)
(4.53)
6.82
3.62
-
0.19
(0.06)
(2.67)
1.30
4.58
3.51
-
(1.65)|
|||231.69
(215.02)
(33.90)
0.53
11.53
173.69
(9.89)
(24.83)|269.50
(69.35)
6.17
(0.71)
(19.66)
120.83
63.38
(67.56)|
|||133.80
(29.27)|302.60
(24.00)|
|||104.53
1.55
0.01
(438.98)
502.84
(82.88)
(24.13)
0.76
(9.45)|278.60
2.55
0.01
(335.49)
281.50
(49.17)
(12.78)
1.67
(81.57)|
|||(50.28)|(193.28)|
|||(2.12)
20.76
(0.76)
(9.53)
(58.49)
(0.82)
0.15|(2.45)
63.43
(88.93)
(11.08)
(48.65)
(1.70)
0.04|
|||(50.81)|(89.34)|
|||3.44
0.02
9.03
(0.05)|(4.02)
0.03
45.83
(24.12)|
|||9.00|21.74|
|||12.44
0.03
12.51
(0.10)|17.72
0.03
17.70
(0.01)|
|||12.44|17.72|

Notes :

• 1 The above results were reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on 19th October, 2021. The statutory auditors have expressed an unqualified review opinion.

• 2 Financial results for all the periods presented have been prepared in accordance with the recognition and measurement principles of Ind AS notified under the Companies (Indian Accounting Standards) Rules, 2015 as amended from time to time.

• 3 The Company's business is seasonal in nature and the performance can be impacted by weather conditions and cropping pattern.

• d d

• 4 The Company has one reportable business segment viz. "Agri-Inputs".

• 5 Exceptional item (as disclosed in the column ("Quarter and period ended 30 September, 2020 and Year ended 31 March, 2021) comprises profit on sale of flats (net of costs).

• 6 The Indian Parliament has approved the Code on Social Security, 2020 which would impact the contributions by the company towards Provident Fund and Gratuity. The Ministry of Labour and Employment has released draft rules for the Code on Social Security, 2020 on November 13, 2020, and has invited suggestions from stakeholders which are under active consideration by the Ministry. The Company will assess the impact and its valuation once the subject rules are notified and will give appropriate impact in its financial statements in the period in which, the Code becomes effective and the related rules to determine the financial impact are published.

• 7 The MCA wide notification dated 24 March, 2021 has amended Schedule III to the Companies Act, 2013 in respect of certain disclosures. Amendments are applicable from 1 April 2021. The Company has incorporated the changes as per the said amendment in the above results and has also changed comparative numbers wherever it is applicable.

• 8 The results of the Company are available for investors at www.rallis.co.in , www.nseindia.com and www.bseindia.com .

For B S R & Co. LLP For and on behalf of Chartered Accountants Rallis India Limited Firm's Registration No: 101248W/W-100022 Digitally signed TARUN KANAYALAL Digitally signed by TARUN KANAYALAL KINGER Date: 2021.10.19 SANJIV LAL by SANJIV LAL Date: 2021.10.19 14:26:09 +05'30' KINGER 15:44:23 +05'30' Tarun Kinger SANJIV LAL Partner Managing Director & CEO Mumbai Mumbai 19 October, 2021 19 October, 2021

B S R & Co. LLP

Chartered Accountants

14th Floor, Central B Wing and North C Wing, Nesco IT Park 4, Nesco Center, Western Express Highway, Goregaon (East), Mumbai - 400 063

Telephone: +91 22 6257 1000 Fax: +91 22 6257 1010

Limited review report on unaudited quarterly and year-to-date standalone financial results of Rallis India Limited under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

To the Board of Directors of

Rallis India Limited

1. We have reviewed the accompanying Statement of unaudited standalone financial results of Rallis India Limited (‘the Company’) for the quarter ended 30 September 2021 and yearto-date results for the period from 1 April 2021 to 30 September 2021 (“the Statement”).

2. This Statement, which is the responsibility of the Company’s management and approved by the Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 “ Interim Financial Reporting ” (“Ind AS 34”), prescribed under Section 133 of the Companies Act, 2013, and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. Our responsibility is to issue a report on the Statement based on our review.

3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 “Review of Interim Financial Information Performed by the Independent Auditor of the Entity” issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review is limited primarily to inquiries of company personnel and analytical procedures applied to financial data and thus provides less assurance than an audit. We have not performed an audit and accordingly, we do not express an audit opinion.

4. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with applicable accounting standards and other recognised accounting practices and policies has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 including the manner in which it is to be disclosed, or that it contains any material misstatement.

==> picture [220 x 96] intentionally omitted <==

Mumbai 19 October 2021

For B S R & Co. LLP Chartered Accountants Firm’s Registration No: 101248W/W-100022

TARUN Digitally signed by TARUN KANAYALAL KANAYAL KINGER Date: 2021.10.19 AL KINGER 15:44:48 +05'30' Tarun Kinger Partner Membership No: 105003 UDIN: 21105003AAAAEP7258

Registered Office:

14th Floor, Central B Wing and North C Wing, Nesco IT Park 4, Nesco Center, Western Express Highway, Goregaon (East), Mumbai - 400063

B S R & Co. (a partnership firm with Registration No. BA61223) converted into B S R & Co. LLP (a Limited Liability Partnership with LLP Registration No. AAB-8181) with effect from October 14, 2013