RALLIS INDIA LIMITED
Registered Office: 23rd Floor, Lodha Excelus at New Cuffe Parade, Off Eastern Freeway, Wadala, Mumbai 400037.
PART I : STANDALONE UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND PERIOD ENDED 31 DECEMBER, 2021
( ` in Cr. ) | |||||||
Quarter ended | Quarter ended | Quarter ended | Year to date | Year to date figures | Year ended 31 | ||
figures for the | |||||||
31 December, | 30 September, | 31 December, | for the period ended | ||||
Particulars | period ended 31 | March, 2021 | |||||
2021 | 2021 | 2020 | December, 2021 | 31 December, 2020 | |||
Unaudited | Unaudited | Unaudited | Unaudited | Unaudited | Audited | ||
1 | Revenue from operations (net of rebates and discounts) | 628.08 | 727.80 | 570.47 | 2,096.39 | 1,958.18 | 2,429.43 |
2 | Other income (net) | 5.49 | 7.49 | 7.63 | 19.96 | 32.43 | 40.44 |
3 | TOTAL INCOME (1+2) | 633.57 | 735.29 | 578.10 | 2,116.35 | 1,990.61 | 2,469.87 |
4 EXPENSES
Cost of materials consumed | 402.45 | 383.58 | 298.53 | 1,158.07 | 1,032.83 | 1,407.55 | |
a) | |||||||
b) | Purchase of stock-in-trade | 35.23 | 40.96 | 27.61 | 115.51 | 106.56 | 136.59 |
c) | Changes in inventories of finished goods, work-in-progress and | (62.20) | 39.58 | 24.57 | 18.94 | 59.70 | (68.93) |
stock-in-trade | |||||||
d) | Employee benefits expense | 62.28 | 61.84 | 53.83 | 183.93 | 157.34 | 216.00 |
e) | Finance costs | 1.40 | 1.23 | 0.79 | 3.56 | 4.16 | 5.21 |
f) | Depreciation and amortisation expense | 18.42 | 17.74 | 11.04 | 54.65 | 49.27 | 64.07 |
g) | Other expenses | 122.93 | 113.87 | 105.81 | 342.97 | 296.58 | 415.23 |
5 | TOTAL EXPENSES 4(a) TO 4(g) | 580.51 | 658.80 | 522.18 | 1,877.63 | 1,706.44 | 2,175.72 |
PROFIT BEFORE EXCEPTIONAL ITEMS AND TAX (3 - 4) | 53.06 | 76.49 | 55.92 | 238.72 | 284.17 | 294.15 | |
6 | Exceptional items | - | - | 6.12 | - | 7.77 | 9.45 |
7 | PROFIT BEFORE TAX (5 - 6) | 53.06 | 76.49 | 62.04 | 238.72 | 291.94 | 303.60 |
8 | Tax expenses | 13.51 | 20.05 | 16.41 | 60.31 | 71.49 | 74.93 |
9 | NET PROFIT FOR THE PERIOD (7 - 8) | 39.55 | 56.44 | 45.63 | 178.41 | 220.45 | 228.67 |
10 | Other Comprehensive Income | 1.25 | 1.06 | (1.78) | (1.12) | 0.59 | 1.32 |
Items that will be reclassified to profit or loss | - | - | - | - | - | - | |
Items that will not be reclassified to profit or loss | 1.67 | 1.37 | (2.34) | (1.50) | 0.78 | 1.75 | |
Income tax relating to items that will not be reclassified to | (0.42) | (0.31) | 0.56 | 0.38 | (0.19) | (0.43) | |
profit or loss | |||||||
11 | TOTAL COMPREHENSIVE INCOME (9 + 10) | 40.80 | 57.50 | 43.85 | 177.29 | 221.04 | 229.99 |
12 | Paid up equity share capital | 19.45 | 19.45 | 19.45 | 19.45 | 19.45 | 19.45 |
(Face value ` 1 per share) | |||||||
13 | Other equity | 1,571.92 | |||||
14 | Basic and diluted earnings per share (in `) | 2.03 | 2.90 | 2.35 | 9.17 | 11.34 | 11.76 |
See accompanying notes to the standalone financial results |
Notes :
- The above results were reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on 19th January, 2022. The statutory auditors have expressed an unqualified review opinion.
- Financial results for all the periods presented have been prepared in accordance with the recognition and measurement principles of Ind AS notified under the Companies (Indian Accounting Standards) Rules, 2015 as amended from time to time.
- The Company's business is seasonal in nature and the performance can be impacted by weather conditions and cropping pattern.
- The Company has one reportable business segment viz. "Agri-Inputs".
- Exceptional item as disclosed in the column ("Quarter and period ended 31 December, 2020 and Year ended 31 March, 2021) comprises profit on sale of flats (net of costs).
- The Indian Parliament has approved the Code on Social Security, 2020 which would impact the contributions by the company towards Provident Fund and Gratuity. The Ministry of Labour and Employment has released draft rules for the Code on Social Security, 2020 on November 13, 2020, and has invited suggestions from stakeholders which are under active consideration by the Ministry. The Company will assess the impact and its valuation once the subject rules are notified and will give appropriate impact in its financial statements in the period in which, the Code becomes effective and the related rules to determine the financial impact are published.
- The MCA wide notification dated 24 March, 2021 has amended Schedule III to the Companies Act, 2013 in respect of certain disclosures. Amendments are applicable from 1 April 2021. The Company has incorporated the changes as per the said amendment in the above results and has also changed comparative numbers wherever it is applicable.
- The results of the Company are available for investors at www.rallis.co.in, www.nseindia.comand www.bseindia.com.
For B S R & Co. LLP | For and on behalf of |
Chartered Accountants | Rallis India Limited |
Firm's Registration No: 101248W/W-100022 |
TARUN KANAYA LAL KINGER
Digitally signed | Digitally signed by SANJIV |
by TARUN | LAL |
KANAYALAL | |
SANJIV LAL Date: 2022.01.19 16:59:19 | |
KINGER | |
Date: 2022.01.19 | +05'30' |
17:32:57 +05'30' |
Tarun Kinger | SANJIV LAL |
Partner | Managing Director & CEO |
Mumbai | Mumbai |
19 January, 2022 | 19 January, 2022 |
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Rallis India Ltd. published this content on 19 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 January 2022 13:21:10 UTC.