Rallis India Limited Reports Earnings Results for the Third Quarter Ended December 30, 2020
January 18, 2021 at 03:48 am EST
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Rallis India Limited announced earnings results for the third quarter ended December 30, 2020. For the third quarter, the company announced total revenue was INR 5,781.1 million compared to INR 5,436.8 million a year ago. Net income was INR 456.4 million compared to INR 380.5 million a year ago. Basic earnings per share from continuing operations was INR 2.35 compared to INR 1.96 a year ago. For the nine months, total revenue was INR 19,906.2 million compared to INR 19,303.6 million a year ago. Net income was INR 2,204.6 million compared to INR 1,842 million a year ago. Basic earnings per share from continuing operations was INR 11.34 compared to INR 9.47 a year ago.
Rallis India Limited is an India-based company, which is engaged primarily in the business of manufacturing and marketing of agri-inputs. It is engaged in manufacturing, distribution, sales and marketing of crop protection, and a variety of field crops. The agri-inputs consists of crop protection products, plant growth nutrients, organic compost and processing of seeds and provides agri-solutions under its Rallis Samrudh Krishi (RSK) initiative. Its business areas include domestic crop protection, international business, contract manufacturing, seeds, plant growth nutrients and agri-services. It offers crop protection products, such as fungicides, herbicides, insecticides, bio pesticide. It is engaged in the business segments of crop protection chemicals, specialty chemicals, polymers, and intermediates through contract manufacturing. Its seed division is an agricultural biotechnology company focusing on developing traits and technologies for crop protection and improved productivity.