INSUBCONTINENT EXCLUSIVE:
The company's PAT stood at Rs 63 crore during the corresponding quarter of the previous fiscal, Rallis India said in a regulatory filing
Photo: Shutterstock2 min read Last Updated : Jul 19 2024 | 12:35 AM IST
Rallis India, a subsidiary of Tata Chemicals, on Thursday
reported a 23.80 per cent decline in profit after tax at Rs 48 crore during the quarter ending June 30, compared to the same period in the
previous financial year.
The company's PAT stood at Rs 63 crore during the corresponding quarter of the previous fiscal, Rallis India said
in a regulatory filing.
Revenue from operations of the company was flat at Rs 783 crores during the quarter under review compared to Rs
782 crores during the same period of the previous year.
Crop care business delivered strong volume-led revenue growth of 8 per cent
Seeds revenue was down by 16 per cent largely due to supply constraints
Despite market challenges, concerted actions were taken to drive margins through better product mix and dynamic pricing, said.
"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
We will further intensify our efforts to build capabilities in manufacturing, digitalisation and leverage Collaborations and Alliances," he
added.(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is
auto-generated from a syndicated feed.)First Published: Jul 19 2024 | 12:35 AMIST
