iifl-logo

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

sidebar image

Rallis India declines on weak Q3 numbers

20 Jan 2022 , 10:32 AM

Consolidated profit before tax (PBT) skid 14.5% to Rs 53.07 crore in Q3 FY22 from Rs 62.05 crore in Q3 FY21. Rallis India, in its press release, stated that the raw material availability and costs continued to be challenge during the quarter. The Ankleshwar debottlenecking project for two key active ingredients were completed and commissioned. The MPP project has been progressing well. The formulation plant at Dahej, CZ – Phase 1 was completed while the commercial production was started.

Meanwhile, Rallis India launched new microbial biopesticide, a potash rich organic manure and a new maize hybrid. The focus continued on supply chain amidst availability and logistic challenges and high international freight rates. The select commodity prices and export demand for crop protection were good. The overall Rabi sown area in India remained stable.

Sanjiv Lal, the managing director (MD) and chief executive officer (CEO) of Rallis India, said, The erratic monsoon season this year has not favoured agri input companies as excessive rainfall continued into Q3 in the southern states. Despite these challenges, our domestic crop care business grew at 9.4%, and exports by 19% during the quarter. The seeds industry continued to face headwinds due to restrictions for sale of paddy and maize hybrids in some states. Supply chain challenges continued into Q3 with availability being a challenge for certain intermediates as well as steep inflation in prices. We are focussed on minimising the disruptions to our production as much as possible and calibrated price corrections have helped in partially neutralizing the RM cost inflation.

On a longer term basis, our capex plans, new product introduction plans and demand generation investments remain on course as we do believe that normalcy will be restored progressively. While positioning ourselves so, we are also consistently prioritising the safety and well-being of all our employees and other stakeholders.

Rallis India is a subsidiary of Tata Chemicals and a part of Tata Group. It is one of Indias leading agro sciences companies.

Powered by Capital Market – Live News

Related Tags

  • capital market
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More
Knowledge Center
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Capital Services Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Loading...

Follow us on

facebooktwitterrssyoutubeinstagramlinkedintelegram

2025, IIFL Capital Services Ltd. All Rights Reserved

ATTENTION INVESTORS

RISK DISCLOSURE ON DERIVATIVES

Copyright © IIFL Capital Services Limited (Formerly known as IIFL Securities Ltd). All rights Reserved.

IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)

ISO certification icon
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.