Rallis India Q3 FY21: First cut Earnings Summary highlights II Details by ICICI Securities
ICICI Securities says Rallis India top-line and EBITDA mostly in line with estimates, however bottom-line beat due to lower than anticipated depreciation. Rallis India revenue for the quarter was up by 6.9% YoY to Rs 570.5 cr against estimates of Rs 580 cr. As the segmental details are still awaited, but expectations are that there has been clear demand revival in the international business for key molecules, which should have supported the growth for the quarter.
Rallis India operating margins for the quarter remained at 10.5% almost in line with estimates, leading to EBITDA growth of 7.9% YoY to Rs 60 cr against estimates of 61 cr: