Rallis India : Statement of Standalone Unaudited Financial Results for the quarter and nine months ended December 31, 2021

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 :

1. 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.
2. 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.
3. The Company's business is seasonal in nature and the performance can be impacted by weather conditions and cropping pattern.
4. The Company has one reportable business segment viz. "Agri-Inputs".
5. 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).
6. 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.
7. 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.
8. 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