Hebei Lansheng Biotech Co., Ltd.
ShangHai Yuelian Biotech Co., Ltd.

Rallis India reports Q1FY22 consolidated PAT at Rs. 82.34 croresqrcode

−− The company posted net profit of Rs.91.87 crores for the period ended June 30, 2020

Jul. 23, 2021

Favorites Print
Forward
Jul. 23, 2021

Tata group firm Rallis India Ltd on Wednesday reported a 10 percent decline in its consolidated net profit to Rs 82.34 crore for the first quarter ended June 30. Its net profit stood at Rs 91.87 crore in the year-ago period.

The total income, however, rose to Rs 747.50 crore in the first quarter of this fiscal from Rs 674.45 crore in the year-ago period, according to a regulatory filing.

Sanjiv Lal, the Managing Director and CEO, Rallis India, said, “India has witnessed an erratic monsoon this year, but with its revival, we can expect the agricultural activities to pick up the pace".

"Q1 witnessed the second wave of COVID-19 that impacted our business to some extent and we continued to navigate our business with the principal focus firmly being on employee safety."

Despite these challenges, he said, the company has registered a 31.2 percent revenue growth for the domestic crop care segment and a 3.1 percent increase in revenue from seed business in Q1.

"Going forward, we will continue to focus on leveraging opportunities by making investments in new product introduction, manufacturing, R&D and automation," Lal said.

Source: cnbctv18

Picture 0/1200

More from AgroNews

Magazine

2021 Market Insight 2021 India Pesticide Suppliers Guide
2021 CRO & CRAO Manual 2021 Latin America Focus
2021 Seed Treatment Special 2021 Biologicals Special
I wanna post a press Comment

Subscribe 

Subscribe Email: *
Name:
Mobile Number:  

Comment  

Picture 0/1200

Subscribe to daily email alerts of AgroNews.