Rallis India Ltd Share Price – NSE /  BSE

Agro Chemicals, Small Cap

The revenue rose marginally on YoY basis to Rs 783 crore in the first quarter of FY25. The crop care segment revenue grew 8% to Rs 561 crore while revenue of the seeds segment stood at Rs 222 crore, down 16% YoY in the quarter.

EBITDA declined by 13% YoY to Rs 96 crore in Q1 FY25, primarily due to challenges in margin in export front and inferior mix (lower growth in seeds).

Dr Gyanendra Shukla, managing director & CEO, Rallis India, said, “The agrochemical Industry continues to face growth challenges due to muted price arising from oversupplies. Domestic demand is looking positive with monsoon arrival and pickup.

Crop care delivered strong volume led revenue growth of 8%. Seeds revenue was down by 16% vs PY largely due to supply constraints. Despite market challenges, concerted actions were taken to drive margins through better product mix and dynamic pricing. We are pleased with the progress of our new launch of “Clasto” in crop protection and “Diggaz” in cotton seeds. Water soluble fertilizers (WSF) plant was commissioned during the quarter to support the crop nutrition business.

We remain cautious about the export market and expect a gradual recovery during the year. Sentiments for the domestic market are positive with the recent monsoon pick-up.

On a long-term basis, customer centricity will remain a key thrust and we will continue to offer differentiated solutions to solve varying farmer needs. We will further intensify our efforts to build capabilities in manufacturing, digitalization and leverage collaborations and alliances”.

Rallis India is a subsidiary of Tata Chemicals Limited and a part of the US$ 150 billion Tata Group. It is one of the leading players in the domestic crop protection sector and manufactures pesticides, herbicides, and fungicides at its factories in multiple locations. The company’s product portfolio of seeds and crop care solutions is available across India. It has marketing alliances with several multinational agrochemical companies and is also considered as a preferred partner for contract manufacturing by leading global corporations.

Powered by Capital Market - Live News

Net profit of Rallis India declined 23.81% to Rs 48.00 crore in the quarter ended June 2024 as against Rs 63.00 crore during the previous quarter ended June 2023. Sales rose 0.13% to Rs 783.00 crore in the quarter ended June 2024 as against Rs 782.00 crore during the previous quarter ended June 2023.

Powered by Capital Market - Live News

Rallis India will hold a meeting of the Board of Directors of the Company on 18 July 2024.

Powered by Capital Market - Live News

Jain Irrigation Systems Ltd, Motilal Oswal Financial Services Ltd, Reliance Infrastructure Ltd and Sanofi India Ltd are among the other gainers in the BSE's 'A' group today, 10 June 2024.

Rallis India Ltd soared 12.60% to Rs 317.35 at 11:47 IST. The stock was the biggest gainer in the BSE's 'A' group. On the BSE, 2.72 lakh shares were traded on the counter so far as against the average daily volumes of 43626 shares in the past one month.

Jain Irrigation Systems Ltd surged 11.75% to Rs 75.16. The stock was the second biggest gainer in 'A' group. On the BSE, 23.71 lakh shares were traded on the counter so far as against the average daily volumes of 6.06 lakh shares in the past one month.

Motilal Oswal Financial Services Ltd spiked 10.48% to Rs 669.95. The stock was the third biggest gainer in 'A' group. On the BSE, 1.49 lakh shares were traded on the counter so far as against the average daily volumes of 23329 shares in the past one month.

Reliance Infrastructure Ltd spurt 9.54% to Rs 183.75. The stock was the fourth biggest gainer in 'A' group. On the BSE, 7.55 lakh shares were traded on the counter so far as against the average daily volumes of 3.05 lakh shares in the past one month.

Sanofi India Ltd exploded 9.12% to Rs 10441. The stock was the fifth biggest gainer in 'A' group. On the BSE, 5277 shares were traded on the counter so far as against the average daily volumes of 1419 shares in the past one month.

Powered by Capital Market - Live News