Rallis India Limited announces Q2, H1 FY19 results
Oct. 25, 2018
Consolidated Key Highlights - Q2
Rallis registered revenues of Rs. 654 crs (Rs. 588 crs) up by 11% for the quarter ended 30th September 2018. Total comprehensive income at Rs. 85 crs also rose 11% over last year.
Consolidated Key Highlights - H1
The Company totalled revenues ofRs. 1227 crs (Rs. 1047 crs) up 17% for the six months ended 30th September 2018. Total comprehensive income was at Rs. 140 crs (Rs. 120 crs) which too registered an increase of 17%.
Standalone Key Highlights - Q2
Rallis registered revenues of Rs. 613 crs (Rs. 549 crs) up by 12% for the quarter ended 30th September 2018.Total comprehensive income atRs. 88 crs increased 8% over last year.
Standalone Key Highlights - H1
The Company totalled revenues ofRs. 966 crs (Rs. 810 crs) up by 19% for the six months ended 30th September 2018. Total comprehensive income was atRs. 96 crs (Rs. 81 crs),a 19% growth.
Commenting on the performance and developments, Mr. V Shankar, Managing Director and CEO, Rallis India said, "I am pleased to share our good performance across business segments despite the erratic South-West monsoon this Kharif. Though classified normal at a deficit of 9.4% against Long Period Average, only 68% of area received normal rainfall. Cropping acreages were lower by 2% over last year. We experienced continuous dry spell in July, followed by cyclone (Cyclone Daye) and deluge in few States.
Our close working with farmers through our Rallis Samrudh Krishi® (RSK) providing knowledge, produc ts and information to deliver better value out of crops, delivered robust growth in the domestic space. This despite market challenges, increased raw material prices with pricing pressure and fluctuating commodity prices.
Our performance in the International business was good due to improving situation in key markets such as Brazil and a strong demand for herbicides.
I do hope with a normal forecast for Northeast monsoon and improved reservoir water level we have a better Rabi season."
Rallis Samrudh Krishi®(RSK) intends to create value to farmers through close field level working disseminating the right growing practices, products and information. This leads to a better quality crop along with optimized cost and delivering improved yields.
Drishti. Samadhan & Sampark are key enablers in the execution. Drishti provides Predictive advisory services- accurate pest forecast (critical pest only, where support is a delight factor), Samadhan app gives access to farmers for Customized package of practices, weather forecast, latest update on crop output prices. flash news on agriculture. connect to our expert for problem solving etc. Sampark app gives access to our field force on complete crop practices besides full detail on our portfolio of solutions.