Rallis India, a subsidiary of Tata Chemicals, recorded consolidated revenues of Rs 2096 crore for the period ended 31 December, 2021, a growth of 7.1% over PY of Rs 1958 crore. Profit before tax (before exceptional items) was at Rs 239 crore, with a decline of 16% over PY of Rs 284 crore and the profit after tax (after exceptional items) was Rs 178 crore, registering a decline of 19.1% over PY of Rs 220 crore.

The company recorded consolidated revenues of Rs 628 crore for the quarter ended 31 December, 2021, a growth of 10.1% over PY of Rs 570 crore. Profit before tax (before exceptional items) was at Rs 53 crore, with a decline of 5.1% over PY of Rs 56 crore and the profit after tax (after exceptional items) was Rs 40 crore, registering a decline of 13.3% over PY of Rs 46 crore.

Announcing the results, Sanjiv Lal, Managing Director and CEO, Rallis India said: “The erratic monsoon season this year has not favoured agri input companies as excessive rainfall continued into Q3 in the southern states. Despite these challenges, our domestic crop care business grew at 9.4%, and exports by 19% during the quarter. The Seeds Industry continued to face headwinds due to restrictions for sale of paddy and maize hybrids in some states. Supply chain challenges continued into Q3 with availability being a challenge for certain intermediates as well as steep inflation in prices. We are focussed on minimising the disruptions to our production as much as possible and calibrated price corrections have helped in partially neutralizing the RM cost inflation.

On a longer term basis, our capex plans, new product introduction plans and demand generation investments remain on course as we do believe that normalcy will be restored progressively. While positioning ourselves so, we are also consistently prioritising the safety and well-being of all our employees and other stakeholders.”

The company informs that itslong term strategy remains on track despite of multiple disruptions and challenges during the quarter. Raw material availability and costs also contributed to the challenges. However, Rallis India completed and commissioned Ankleshwar debottlenecking project for two key active ingredients during the quarter. The company also completed the phase I of the Formulation Plant at Dahej, CZ where commercial production started. It also successfully launched a new microbial biopesticide, a potash rich organic manure, and a new Maize hybrid during the quarter.