Its web profit stood at Rs 91.87 crore within the year-ago interval.
The total income, nevertheless, rose to Rs 747.50 crore within the first quarter of this fiscal from Rs 674.45 crore within the year-ago interval, in accordance to a regulatory submitting.
Sanjiv Lal, Managing Director and CEO, Rallis India, stated, “India has witnessed an erratic monsoon this 12 months, however with its revival, we will anticipate the agricultural actions to choose up the tempo”.
“Q1 witnessed the second wave of COVID-19 that impacted our business to some extent and we continued to navigate our business with the principal focus firmly being on employee safety.”
Despite these challenges, he stated, the corporate has registered a 31.2 per cent revenue growth for the home crop care section and a 3.1 per cent improve in income from seed enterprise in Q1.
“Going forward, we will continue to focus on leveraging opportunities by making investments in new product introduction, manufacturing, R&D and automation,” Lal stated.