Rallis India - New Capex Likely To Aid Q3 Performance: ICICI Direct
A tractor spreads fertilizer onto a field of wheat. (Photographer: Chris Ratcliffe/Bloomberg)  

Rallis India - New Capex Likely To Aid Q3 Performance: ICICI Direct

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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. reported revenue growth of 6.9% YoY to Rs 570.5 crore against our estimates of Rs 579.8 crore.

The growth was largely led by seed and domestic formulation business, which was up by 37% YoY and17% YoY to Rs 41 crore and Rs 318 crore respectively.

On the other side, international business revenue remained subdued primarily on account of poor realisations from metribuzin and lower offtake of poly ether ketone ketone under contract research and manufacturing services, however strong volume growth of other key molecules arrested decline to a certain extent.

Click on the attachment to read the full report:

ICICI Direct Rallis India Q3FY21 Result Update.pdf

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