Agrochemicals company Rallis India announced Q4FY24 & FY24 results: Financial Highlights: Revenue: Reported at Rs 2,648 crore in FY24, registering a decrease of 11% compared to the previous year. Profit After Tax (PAT): Rs 148 crore, showing a significant increase from Rs 92 crore in FY23. Dividend:Board recommends a dividend of Rs 2.5 per equity share. Seeds Revenue: Grew by 21%, achieving a break-even profit. Exports Business: Declined by 35% due to geopolitical unrest and ongoing de-stocking. Innovation: Innovation turnover index improved to 16% in FY24. Product Portfolio: Three new products in the Crop nutrition portfolio launched in Q4FY24. Result PDF
Conference Call with Rallis India Management and Analysts on Q4FY24 Performance and Outlook. Listen to the full earnings transcript.
Agrochemicals company Rallis India announced Q3FY24 results: The Company recorded revenue of Rs 598 crore for Q3FY24 vs Rs 630 crore in Q3FY23. Profit after tax (after exceptional items) was at Rs 24 crore vs Rs 22 crore in Q3FY23. Continued its focus on refreshing its Domestic crop care portfolio and launched 3 new products in Crop Care & 4 in Seeds CSM: Commercial dispatches done for one active ingredient and one formulation from our new MPP and Formulation facilities respectively. Rallis will commence the construction of integrated R&D; facility. Rallis is also planning to further expand capacity of “Pendimethalin" Rallis awarded with Silver award by “ICAI Sustainability Reporting Awards FY23” for BRSR reporting Announcing the results, Sanjiv Lal, Managing Director & CEO, Rallis India, said, “During the Quarter, our Domestic business maintained its momentum despite challenging external conditions, recording volume growth of 7%. However, challenges continued on the export front due to steep price drop and weak demand on account of continuing inventory overhang at industry level. Our focus on optimizing working capital and margin improvement continues. We are closely monitoring Global market demand recovery and remain cautious about El Nino conditions. Global agro-chemical demand is still soft and is expected to recover only next financial year. Meanwhile, the company's long-term strategy remains unchanged and is focused on refreshing the product portfolio, widening of market reach, increasing manufacturing capacities, and digitalization in operations”. Result PDF