Rallis India tumbles ~6% after reporting net loss of Rs14 crore in Q4

22 Apr 2022 , 11:19 AM

Rallis India Limited has recorded consolidated revenues of Rs508 crore for the quarter ended March 31, 2022, recording growth of 8% yoy as against Rs471 crore in Q4FY21.

Company’s loss before tax (before exceptional items) stood at Rs16 crore for Q4FY22 as compared to a profit before tax (before exceptional items) of Rs10 crore. Its Loss after-tax in Q4FY22 was reported at Rs14 crore, as against a Profit after tax of Rs8 crore in Q4FY21.

Rallis’ consolidated revenue stood at Rs2,604 crore for the period ended March 31, 2022, reporting a growth of 7.2% yoy as against Rs2,429 crore in FY21.

It reported a decline of 24% yoy in PBT at Rs222 crore in FY22 as compared to Rs294 crore in FY21.

Company’s PAT dipped 28% yoy at Rs164 crore in FY22 as compared to Rs229 crore in FY21.

The company’s growth momentum continues to be robust for its Crop Care business. Whereas the seeds business faced challenges during the year.

Its International Business — Despite the RM availability challenge, logged net growth 6.2% over PY. It has also recorded the highest ever branded formulation sales.

At around 11.24 AM, Rallis India was trading at Rs262 down by Rs19.1 or 6.79% from its previous closing of Rs281.10 on the BSE. The scrip opened at Rs261 and has touched intraday high and low of Rs266.90 and Rs255.25 respectively.