Agrochemicals company Rallis India announced 9MFY25 & Q3FY25 results Q3FY25 Financial Highlights: Q3 Revenue is down by 13% vs Q3 PY. Crop Care revenue down by 13% vs Q3FY24. Seeds revenue down by 7% vs Q3FY24. EBITDA down by 27% vs Q3FY24. Volume drop and pricing pressure in exports impacted margins. PAT down by 56% vs Q3FY24 due to lower EBITDA. 9MFY25 Financial Highlights: Revenue: Rs 2,233 crore compared to Rs 2,212 crore during 9MFY24. EBITDA: Rs 306 crore compared to Rs 304 crore during 9MFY24. PAT: Rs 157 crore compared to Rs 169 crore during 9MFY24. Flat revenue in 9M due to weak export demand. Result PDF
Conference Call with Rallis India Management and Analysts on Q2FY25 Performance and Outlook. Listen to the full earnings transcript.
Agrochemicals company Rallis India announced Q2FY25 results Financial Highlights: Rallis India reported 11% YoY revenue growth of Rs 928 crore. The company's profit after tax (PAT) stood at Rs 98 crore, marking a 21% increase compared to the previous year. Gyanendra Shukla, Managing Director & CEO, Rallis India, said: “Strong domestic demand with above normal monsoon and better commodity prices. Volume recovery in international market although pricing continues to be muted”. We had a strong Q2FY25 performance helped by double digit growth in the domestic market, both in the Crop Care and Seeds business. Revenue increased by 11% to reach Rs 928 crore and Profit after Tax increased by 21% to reach Rs 98 crore. Domestic Crop Care delivered volume led revenue growth of 11% with prices impacting overall realization. Seeds revenue was up by 48% due to better Kharif liquidation. International business had volume recovery though prices continue to be a challenge. Our efforts will continue to be directed towards improving market share in domestic business. We remain positive for the upcoming Rabi season with higher reservoir water levels. Hybrid Seeds Production acres and cost continues to be a concern. Customer and product base expansion will remain a focus for international business. On a long-term basis, Customer Centricity will be a key thrust, and we will continue to offer differentiated solutions to solve varying farmer needs. We will further intensify our efforts to build capabilities in Digital and leverage Collaborations and Alliances”. Result PDF
Agrochemicals company Rallis India announced Q1FY25 results: Business Highlights: Successful Key New Products launches: Crop Protection: Mark Plus (Diclosulam 0.9% + Pendimethalin 35% SE), 9(3) Herbicide for Soybean and Groundnut Clifton (Mesotrione 2.27%+Atrazine 22.7% SC), Herbicide for Maize and Sugarcane Kevat (Pyrithiobac Sodium 10 % EC), Herbicide for Cotton Blend (Bifenthrin 10% + Thiamethoxam 5% SE), Insecticide for multiple crops Crop Nutrition: Aquafert Pomegranate Grade Water Soluble Fertiliser Seeds: 14 products across field and vegetable crops “Dhaan ka power play" campaign launched to educate farmers of Punjab and Haryana about key Paddy products. Announcing the results, Gyanendra Shukla, Managing Director & CEO, Rallis India, said, “The agrochemical Industry continues to face growth challenges due to muted price arising from oversupplies. Domestic demand is looking positive with monsoon arrival and pickup. Our revenue for Q1FY25 was at Rs 783 crore at par with Rs 782 crore of Q1FY24, Profit after tax was Rs 48 crore, as compared to Rs 63 crore of Q1FY24. Crop care delivered strong volume led revenue growth of 8%. Seeds revenue was down by 16% vs PY largely due to supply constraints. Despite market challenges, concerted actions were taken to drive margins through better product mix and dynamic pricing. We are pleased with the progress of our new launch of “Clasto” in Crop Protection and “Diggaz” in Cotton Seeds. Water Soluble Fertilizers (WSF) plant was commissioned during the quarter to support the Crop Nutrition Business. We remain cautious about the export market and expect a gradual recovery during the year. Sentiments for the domestic market are positive with the recent monsoon pick-up. On a long-term basis, Customer Centricity will remain a key thrust and we will continue to offer differentiated solutions to solve varying farmer needs. We will further intensify our efforts to build capabilities in Manufacturing, Digitalization and leverage Collaborations and Alliances”. Result PDF