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 Rs. 623 crs for the quarter ended 30 June, 2019, a growth of 8.8% over PY( Rs. 573 crs). Profit before tax (before exceptional items) was at Rs. 87 crs (PY Rs. 76 crs) and the profit after tax was Rs. 68 crs (PY Rs. 55 crs).
Standalone Key Highlights - Q1
- Rallis standalone recorded revenues of Rs. 363 crs (PY Rs. 352 crs) for the quarter ended 30 June, 2019. Profit before tax (before exceptional items) was at Rs. 12 crs (PY Rs. 11 crs) and the profit after tax was Rs. 8 crs (PY Rs. 8 crs).
Shares of RALLIS INDIA LTD. was last trading in BSE at Rs.151.3 as compared to the previous close of Rs. 155.15. The total number of shares traded during the day was 25360 in over 601 trades.
The stock hit an intraday high of Rs. 155.25 and intraday low of 148.25. The net turnover during the day was Rs. 3862702.