RALLIS INDIA LIMITED Corporate Identity No. L36992MH1948PLC014083 -- For immediate use Revenues up at Rs.465 crs Net profit rises to Rs. 42 crs Mumbai, 17th July, 2014: RallisIndia Limited, a TATAEnterprise and a leading player in the Indian crop protection industry announced its financial results for the quarter ended 30 th June, 2014. Consolidated Key Highlights - Q1 Rallisrecorded a 14%growth in revenues with net sales touching a new milestone at Rs465 crores, for the quarter ended 30th June, 2014. Profit before tax increased to Rs48crs (Rs36 crs). EBITDAgrew by 25%to Rs59 crs (Rs47 crs). Net profit increased to Rs42 crores (Rs33 crs). Net profit after minority interest increased by 35%from Rs 27 crores in Q 1 last year to Rs37 crores this year for the quarter. Standalone Key Highlights - Q1 The Company grew 8% in revenues with net sales scaling to a new milestone of Rs 289 crores. for the quarter ended 30th June, 2014. Profit before tax rose to Rs 19 crores against Rs9 crores the previous year. EBITDAgrew to Rs28 crs (Rs18 crores). Net profit from Rs6 crores last year increased to Rs13 crores in Q 1 this year. Commenting on the performance and developments, Mr. V Shankar, Managing Director and CEO, Rallis India said, "The onset of the monsoon was delayed and thereafter did not progress well leading to rainfall deficiencies in most parts of the country. As a result, the crop sowings are trailing severely in comparison to the field activity same time last year. We have adopted a cautious approach aligned to these market conditions and are closely monitoring the progress in the field. During the quarter, we have launched two products with novel offering for the farmers. One of these is a combination introduced for the first time in India. Under challenging conditions our Seeds business has performed well too. The international businessportfolio has also contributed well". The Company continues to make its investments in strengthening its market reach and farmer connect through its flagship programme Rallis Kisan Kutumba. The progress of the monsoon in July and August will be an important determinant on how the overall Kharif season shapes up. Contd ...page 2/- 156/157 Nariman Bhavan 15th Floor 227 Nariman Point Mumbai 400 021 Tel 91 226665 2700 Fax 91 22 6635 2996 website www.rallis.co.in A TATA Enterprise
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RALLIS INDIA LIMITEDCorporate Identity No. L36992MH1948PLC014083
--For immediate use
Revenues up at Rs.465 crsNet profit rises to Rs.42 crs
Mumbai, 17thJuly, 2014: RallisIndia Limited, a TATAEnterprise and a leading player inthe Indian crop protection industry announced its financial results for the quarterended 30th June, 2014.
Consolidated Key Highlights - Q1
Rallisrecorded a 14%growth in revenues with net sales touching a new milestone atRs465 crores, for the quarter ended 30th June, 2014. Profit before tax increased toRs48 crs (Rs36 crs). EBITDAgrew by 25%to Rs59 crs (Rs47 crs). Net profit increasedto Rs42 crores (Rs33 crs). Net profit after minority interest increased by 35%from Rs27 crores in Q1 last year to Rs37 crores this year for the quarter.
Standalone Key Highlights - Q1
The Company grew 8% in revenues with net sales scaling to a new milestone of Rs289 crores. for the quarter ended 30th June, 2014. Profit before tax rose to Rs 19crores against Rs9 crores the previous year. EBITDAgrew to Rs28 crs (Rs18 crores).Net profit from Rs6 crores last year increased to Rs13crores in Q1 this year.
Commenting on the performance and developments, Mr. V Shankar, ManagingDirector and CEO, Rallis India said, "The onset of the monsoon was delayed andthereafter did not progress well leading to rainfall deficiencies in most parts of thecountry. As a result, the crop sowings are trailing severely in comparison to the fieldactivity same time last year. We have adopted a cautious approach aligned tothese market conditions and are closely monitoring the progress in the field. Duringthe quarter, we have launched two products with novel offering for the farmers.One of these is a combination introduced for the first time in India. Underchallenging conditions our Seeds businesshas performed well too. The internationalbusinessportfolio has also contributed well".
The Company continues to make its investments in strengthening its market reachand farmer connect through its flagship programme Rallis Kisan Kutumba.
The progress of the monsoon in July and August will be an important determinant onhow the overall Kharif season shapes up.
Contd ...page 2/-
156/157 Nariman Bhavan 15th Floor 227 Nariman Point Mumbai 400 021Tel 91 226665 2700 Fax91 22 6635 2996 website www.rallis.co.in
A TATA Enterprise
RALLIS
: 2:
About Rallis India
Rallisis known for its manufacturing capabilities in crop protection chemicals andvarious types of chemistries with ability to develop new processes and formulationssupported by the capacity to register new products. It has contract manufacturingalliances with several multinational agrochemical companies.
Rallisisone of India's leading agrochemicals companies, with a century old traditionof servicing rural markets and a comprehensive portfolio of crop care solutions forIndian farmers. The Company is known for its deep understanding of Indianagriculture, sustained relationships with farmers, quality agrochemicals, brandingand marketing expertise and itsstrong product portfolio.
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