Rallis India Limited Earnings Summary — Q1 FY2027
Rallis India Reports 31% Net Profit Growth and Strong Margins in Q1 FY27
Quarterly Business Intelligence
AI Quarterly Scorecard™
Computed deterministically from the last 10 reported quarters.
Quarterly Business Momentum
- Revenue declined 19.2% sequentially in Q4 FY2022.
- Revenue of ₹508 Cr is 7.7% higher year-on-year.
- Revenue has compounded at -2.2% annualised over the last 10 quarters.
- Net profit of ₹-14 Cr is 274.8% below the same quarter last year.
- Profit growth is trailing revenue growth this quarter.
- Net profit has compounded at 1.8% annualised across the period.
- Operating margin stands at -0.6% in Q4 FY2022.
- Operating margin compressed by 432 bps year-on-year.
- Over the last two years operating margin has expanded by 227 bps.
- PBT margin is -3.2%.
- Expenses grew 12.5% against revenue growth of 7.7%.
- Operating profit of ₹-3 Cr is 116.0% lower year-on-year.
- Operating leverage has been under pressure recently.
- 6 of the last 6 measured quarters delivered year-on-year revenue growth.
- Overall quarterly business momentum scores 36/100 (Weak) on the latest 10 quarters.
- Business momentum has softened and warrants monitoring.
Quarterly Financials
Last 10 Reported Quarters • All figures in ₹ Crore • Margins in %
| Metric | Trend | Latest Q4 FY2022 | Q3 FY2022 | Q2 FY2022 | Q1 FY2022 | Q4 FY2021 | Q3 FY2021 | Q2 FY2021 | Q1 FY2021 | Q4 FY2020 | Q3 FY2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | Improving | 508 | 628 | 728 | 741 | 471 | 570 | 725 | 663 | 346 | 534 |
| Expenses | Improving | 510 | 561 | 640 | 619 | 454 | 510 | 608 | 534 | 356 | 478 |
| Operating Profit | Volatile | -3 | 67 | 88 | 122 | 18 | 60 | 117 | 128 | -10 | 56 |
| Operating Margin | Volatile | -0.6% | 10.7% | 12.1% | 16.4% | 3.8% | 10.5% | 16.1% | 19.4% | -2.8% | 10.4% |
| Other Income | Improving | 7 | 5 | 7 | 7 | 10 | 14 | 15 | 12 | 21 | 10 |
| Interest | Improving | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 1 | 2 |
| Depreciation | Improving | 20 | 18 | 18 | 18 | 15 | 11 | 20 | 18 | 13 | 16 |
| Profit Before Tax | Volatile | -16 | 53 | 77 | 109 | 12 | 62 | 110 | 120 | -3 | 48 |
| Tax | Volatile | -2 | 14 | 20 | 27 | 3 | 16 | 27 | 28 | -3 | 10 |
| Net Profit | Volatile | -14 | 40 | 56 | 82 | 8 | 46 | 83 | 92 | 1 | 38 |
| Net Margin | Volatile | -2.8% | 6.3% | 7.8% | 11.1% | 1.7% | 8.0% | 11.4% | 13.9% | 0.2% | 7.2% |
Key Takeaways
- Revenue grew 6.8% YoY to ₹1,022 Cr, driven primarily by the core Agri-Inputs segment.
- The Agri-Inputs segment showed significant improvement, with segment results increasing to ₹155 Cr from ₹130 Cr YoY.
- A one-time benefit of ₹35 Cr was recorded due to the reversal of performance incentive provisions and retiral benefits.
- Profit before exceptional items and tax jumped 28.7% YoY to ₹166 Cr.
- Exceptional gains of ₹2 Cr were realized from the sale of freehold land/flats during the quarter.
- The company maintains its debt-free status with a significant increase in total assets to ₹3,634 Cr as of June 30, 2026.
- Quarterly performance remains seasonally dependent, showing massive QoQ revenue jumps typical for the onset of the monsoon season.
Management Guidance
Management remains focused on digital transformation and expanding the distribution network to 80% of India's districts while addressing the challenge of protecting margins against global commodity cycles.
Sentiment Shift
Improving
The company demonstrated strong margin expansion and profit growth compared to the same quarter last year, reversing recent trends of margin contraction.
Outlook
The outlook remains tied to climatic conditions and monsoon patterns; however, the structural harmonization of salary structures and lean operational focus suggest improved profitability for the fiscal year.
From the Annual Report (Key Quotes)
“The Company's business is seasonal in nature and the performance can be impacted by weather conditions and cropping pattern.”
“During the quarter ended June 30, 2026, the Company recorded a reversal of provision for performance incentives... amounting to ₹35 crore.”
“The statutory auditors have expressed an unmodified review conclusion.”
Official Quarterly Documents
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This summary is AI-generated from Rallis India Limited's latest quarterly filing and earnings call. For informational purposes only — not investment advice.