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Rallis India Ltd.: Rallis India Q1 results: PAT up 53% at Rs 92 crore

Mumbai: Rallis India, a subsidiary of Tata Substances, on Wednesday described a 53 for each cent advancement in consolidated profit immediately after tax (PAT) at Rs 92 crore during the initial quarter of 2020-21.
The company’s PAT stood at Rs 60 crore in April-June quarter of 2019-20, Rallis India explained in a assertion.
The organization recorded a growth of 6 for every cent in consolidated revenue at Rs 663 crore for the quarter beneath evaluation as in opposition to Rs 623 crore in the identical quarter of FY20.
“With timely arrival of the monsoons and constructive farmer sentiment, agricultural exercise has picked up nicely. With the ongoing pandemic condition, we are taking all the protection measures at the organisation degree as for each the authorities tips.
“We have registered a 13.5 for every cent revenue growth all through Q1 for domestic crop treatment company on account of sturdy demand and a 3 for every cent revenue development in seeds sales about the prior year despite the troubles faced,” Rallis India Managing Director and CEO Sanjiv Lal mentioned.
Likely forward, the enterprise expects domestic demand to continue to be buoyant for crop care items, and exports to little by little pick up as perfectly, he included.

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