Rallis India - Comprehensive Beat In Q4; Strong Outlook For FY22: ICICI Direct
BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
ICICI Direct Report
Rallis India Ltd. Q4 FY21 revenues grew 36% YoY to Rs 471.3 crore (our estimate Rs 377.6 crore) amid 73% growth in international business (52% of revenues in Q4) to Rs 245 crore led by volume growth.
The domestic business grew 11% YoY to Rs 226 crore. Crop protection business increased 38% to 445 crore and seeds business grew 8% to Rs 26 crore.
Ebitda margins were at 3.8% (our estimate: 2.4%) versus down 2.8% in Q4 FY20 mainly due to operational leverage.
Ebitda profit was at Rs 17.7 crore (our estimate Rs 9 crore) against Ebitda loss of Rs 9.8 crore.
Click on the attachment to read the full report:
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.