Madras Fertilizers standalone net profit rises 86.60% in the March 2024 quarter

Sales decline 1.26% to Rs 758.48 crore

Net profit of Madras Fertilizers rose 86.60% to Rs 88.30 crore in the quarter ended March 2024 as against Rs 47.32 crore during the previous quarter ended March 2023. Sales declined 1.26% to Rs 758.48 crore in the quarter ended March 2024 as against Rs 768.13 crore during the previous quarter ended March 2023.

For the full year,net profit declined 97.00% to Rs 5.56 crore in the year ended March 2024 as against Rs 185.33 crore during the previous year ended March 2023. Sales declined 35.35% to Rs 2228.42 crore in the year ended March 2024 as against Rs 3447.09 crore during the previous year ended March 2023.

ParticularsQuarter EndedYear EndedMar. 2024Mar. 2023% Var.Mar. 2024Mar. 2023% Var.Sales758.48768.13 -1 2228.423447.09 -35 OPM %12.1610.97 -4.499.34 - PBDT89.5771.78 25 72.15258.25 -72 PBT88.2971.19 24 61.86248.66 -75 NP88.3047.32 87 5.56185.33 -97

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