Rallis reported Consolidated H1 Revenues at Rs 1372 Crores, up 11.8% yoy

Mumbai, 22 October, 2019: Rallis lndia Limited, a TATA Enterprise and a leading player in the lndian crop protection industry announced its financial results for the quarter and six months ended 30 September, 2019.

Announcing the results, Mr. Sanjiv Lal, Managing Director and CEO, said,

"We are pleased to report that we have delivered an improved performance, on the back of strong growth of our international business, Domestic business delivered by overcoming the challenge of delayed monsoon. We are satisfied that our investment in growth amidst a scenario of raw material challenges and margin pressure has yielded positive result with growth in revenue of over 11%. Our capex program is also progressing well. The capacity expansion at Dahej is progressing and is on schedule. With overall monsoon rainfall being well above average and good availability of water in reservoirs accompanied with positive farmer sentiments, Rabi outlook looks promising."

Consolidated Key Highlights - Q2

The company recorded consolidated revenues of Rs 749 crs for the quarter ended 30 September, 2019, a growth of 14.5% over PY(Rs 654 crs). Profit before tax (before exceptional items) was at Rs 105 crs (PY Rs 119 crs) and the profit after tax was Rs 80 crs (PY Rs 85 crs).

Standalone Key Highlights - Q2

Rallis standalone recorded revenues of Rs 692crs (PY Rs 613 crs) for the quarter ended 30 September, 2019. Profit before tax (before exceptional items) was at Rs 111crs (PY Rs 126 crs) and the profit after tax was Rs 83 crs (PY Rs 87 crs).

Consolidated Key Highlights- H1

The company recorded consolidated revenues of Rs 1372crs for the six months ended 30 september, 2019, a growth of 11.8% over PY (Rs 1227 crs). Profit before tax (before exceptional items) was at Rs 192 crs (PY Rs 195 crs) and the profit after tax was Rs 147crs (PY Rs 140 crs).

Standalone Key Highlights - H1

Rallis standalone recorded revenues of Rs 1055 crs (PY Rs 966 crs) for the six months ended 30 September, 2019. Profit before tax (before exceptional items) was at Rs 124 crs (PY Rs 137 crs) and the profit after tax was Rs 91 crs (PY Rs 95 crs).

Key Developments

- Witnessed successful launch of Paddy crop products - Zygant and Ayaan { 9(3) registrations} along with Cameo and Trimbo {Co-marketing}.

- Capacity expansion of the first phase of Metribuzin which was around 500 tonnes per annum has been completed and production has been initiated. The second phase comprising an additional 500 tonnes per annum is on track and expected to be up and running in December 2019.

- lnternational Crop Protection chemical business grew by 31%.

About Rallis lndia

Rallis lndia Ltd. is a subsidiary of Tata Chemicals and a part of over US＄ 110bn Tata Group. lt is one of lndia's leading Agro Sciences Companies, with more than 160 years of experience of servicing Rural Markets and with the most comprehensive portfolio of products/solutions for lndian farmers. Rallis is known for its deep understanding of lndian Agriculture, sustained contact with farmers, quality agrochemicals, branding & marketing expertise along with its strong product portfolio. Rallis has marketing alliances with several multinational agrochemical companies. Rallis is also known for its manufacturing capabilities and ability to develop new processes and formulations, hence is considered as a preferred partner for contract manufacturing by leading global corporations.