Rallis Q2 net up 14% at 82 crore; weak exports impact revenues
For H1 FY24, Rallis posted a net profit of Rs 145 crore25-10-2023
25-10-2023
RALLIS INDIA LTD. - 500355 - Announcement under Regulation 30 (LODR)-Investor Presentation
Please find enclosed a presentation for analysts/investors on the results for the second quarter and half year ended September 30, 2023 for the analysts/investors call to be held on Thursday, October 26, 2023.25-10-2023
Q2FY24 Quarterly Result Announced for Rallis India Ltd.
Agrochemicals company Rallis India announced Q2FY24 results: The Company recorded revenue of Rs 832 crore for Q2FY24 vs Rs 951 crore over Q2FY23. Profit before tax (before exceptional items) was at Rs 109 crore vs the previous year of Rs 95 crore and the Profit after tax (after exceptional items) was at Rs 82 crore vs Rs 72 crore in Q2FY23. During Q2FY24 Company repaid Rs 75 crore of working capital loan Rallis India continues its focus on refreshing its Domestic crop care portfolio and launched 8 new products in Q2FY24 Multi-purpose plant has commenced production of technical “Difencanozole” and is now being prepared for another new CSM product in Q3FY24 Cotton hybrids, Diggaz and Aatish, have registered significant growth in North India and Maharashtra & South cotton belt respectively Digitial initiatives are progressing well. Rallis launched “Seedsure” a mobile-enabled tool to digitize its hybrid seed production process Announcing the results, Sanjiv Lal, Managing Director & CEO, Rallis India, said, “Our revenue has been affected by weak export demand, falling prices, and erratic rainfall in the domestic market. Although our revenue for Q2 FY24 was lower at Rs 832 crore vs Rs 951 crore for Q2FY23, margins have improved through better product mix and cost optimization activities across businesses. Our Crop care revenue was Rs 737 crore vs Rs 923 crore PY, mainly due to lower exports. The seeds business did well through improved sales and strong performance for our Cotton hybrids in particular. The Multi-Purpose Plant at Dahej has been put to use. Amidst El Nino conditions, we remain cautious about the domestic and international markets. Global Agchem demand continues to remain soft on the back of inventory overhang and lower prices and revival is expected only after Q3FY24. The company's long-term strategy remains unchanged, focused on the expansion of product portfolio, widening of market reach, increasing manufacturing capacities, and digitalisation in operations”. Result PDF25-10-2023
RALLIS INDIA LTD. - 500355 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
Pursuant to Regulation 30 of the SEBI Listing Regulations, enclosed herewith is a copy of the Press Release with regard to the Unaudited Financial Results of the Company for the second quarter and half year ended September 30, 2023.25-10-2023
RALLIS INDIA LTD. - 500355 - Board Meeting Outcome for Outcome Of The Board Meeting - October 25, 2023
Pursuant to Regulations 30 and 33 of the Listing Regulations, we wish to inform you that the Board of Directors at their meeting held today has inter alia, approved the Unaudited Financial Results of the Company for the second quarter and half year ended September 30, 2023.25-10-2023
RALLIS INDIA LTD. - 500355 - Outcome Of The Board Meeting - October 25, 2023
Pursuant to Regulation 30 and 33 of the Listing Regulations, we wish to inform you that the Board of Directors at their meeting held today has inter alia, approved the Unaudited Financial Results of the Company for the second quarter and half year ended September 30, 2023.25-10-2023
RALLIS INDIA LTD. - 500355 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, enclosed herewith is a copy of the Press Release titled - Rallis India powers its hybrid seed production process with mobile app ''SeedSure''.19-10-2023
RALLIS INDIA LTD. - 500355 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Pursuant to Regulation 30(6) of the SEBI Listing Regulations and further to our intimation letter dated October 10, 2023, we would like to inform that the Analyst / Institutional Investor Meeting with respect to the financial results of the Company for the quarter ended September 30, 2023 is scheduled to be held on Thursday, October 26, 2023 at 11.00 a.m. (IST), details of which are enclosed herewith.11-10-2023
RALLIS INDIA LTD. - 500355 - Board Meeting Intimation for Approval Of The Unaudited Financial Results Of The Company For The Second Quarter And Half Year Ended September 30, 2023
RALLIS INDIA LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 25/10/2023 ,inter alia, to consider and approve Unaudited Financial Results of the Company for the second quarter and half year ended September 30, 2023.10-10-2023
RALLIS INDIA LTD. - 500355 - Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
This is to certify that the details of securities dematerialized/rematerialized during the aforesaid period, as required under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018, have been furnished to all stock exchanges where the shares of the Company are listed.06-10-2023