Rallis India, a subsidiary of Tata Chemicals, has reported a 53% rise in net profits to Rs.92 crore for Jun-20 quarter. Total revenues were up by 6% at Rs.663 crore for the period. In terms of business units, Rallis registered 13.5% growth in its domestic crop care business and a 3% growth in its seeds revenues. EBITDA was up by 30% at Rs.128 crore for Q1.

What exactly triggered these good numbers? Rallis gained from better price realizations on its agrochemical and crop care products as well as a profitable product mix. The effective tax rate for the quarter was down sharply as the company had shifted last year to the concessional tax rate of 22% for Indian companies, while foregoing all exemptions.