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.
Rallis India Ltd. is a leading agrochemical company with a presence across agri input value chain and a strong, healthy pipeline of sustainable products.
Q3 FY22 numbers were largely in line with our estimates across all parameters. Revenues increased 10.1% to Rs 628.1 crore, led by 19% growth in the international market.
Rallis India’s gross margins expanded 170 basis points YoY to ~40.2% while Ebitda margin improved 20 bps YoY to 10.7%, due to higher employee and other expenses.
Ebitda was up 12.1% YoY to Rs 67.4 crore. Profit after tax fell 3.8% YoY to Rs 39.6 crore owing to higher depreciation and lower other income.
Click on the attachment to read the full report:
DISCLAIMER
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.