Rallis India Q1 results: PAT down 23.8% at Rs 48 cr, revenue at Rs 783 cr

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, Rallis India Managing Director and CEO Dr Gyanendra Shukla said.

"We remain cautious about the export market and expect a gradual recovery during the year. Sentiments for the domestic market are ..