Rallis India Q4 PAT dips to net loss of Rs-14.19cr as supply chain constraints spike input costs

24 Apr 2022 , 08:44 AM

Rallis India Ltd reported 7.7% growth yoy in total revenues for the Mar-22 quarter on consolidated basis at Rs507.54cr. On a sequential basis, the revenues were lower for the quarter by -19.19%.

For full year FY22, the total revenues were up 6.52% at Rs2,631cr. The fall in sales in the sequential quarter was on account of supply chain constraints caused by the ongoing war in Russia and Ukraine.

The board has declared a dividend of Rs.3 per share. The revenues of the company also happen to be cyclical, due to it being agri-inputs sector.

The company reported a small net loss of Rs-14.19cr in the fourth quarter on account of a sharp spike in material costs.

The spike in material costs was largely on account of the supply chain constraints that most companies have faced in the fourth quarter due to the ongoing war situation in the Caucuses.

Full year profits for FY22 were down -28.2% at Rs164.2cr. Net margins stood at -2.80% in Mar-22 quarter compared to 1.72% in Mar-21. The net profit margins were sharply lower sequentially compared to 6.3% in Dec-21 quarter.

Financial highlights for Mar-22 compared yoy and sequentially

	Rallis India
Rs in Crore	Mar-22	Mar-21	YOY	Dec-21	QOQ
Total Income (Rs cr)	₹ 507.54	₹ 471.26	7.70%	₹ 628.08	-19.19%
Net Profit (Rs cr)	₹ -14.19	₹ 8.12	-274.75%	₹ 39.56	-135.87%
Diluted EPS (Rs)	₹ -0.73	₹ 0.42		₹ 2.03
Net Margins	-2.80%	1.72%		6.30%