Explore Business Standard
Don’t miss the latest developments in business and finance.
Chambal Fertilisers and Chemicals Ltd on Friday reported a 39 per cent increase in its consolidated net profit at Rs 380.96 crore for the second quarter of this fiscal year. Its net profit stood at Rs 274.19 crore in the year-ago period. Total income fell to Rs 5,467.28 crore in the July-September period of 202324 fiscal, from Rs 8,675.59 crore in the corresponding period of the previous year, according to a regulatory filing. Total expenses declined to Rs 4,894.72 crore in the second quarter of this fiscal from Rs 8,305.42 crore in the year-ago period. The company declared an interim dividend of Rs 4.50 (45 per cent) per equity share of Rs 10 each.
Chambal Fertilisers and Chemicals Ltd on Tuesday posted a marginal drop of 0.9 per cent in consolidated net profit to Rs 338.60 crore in the April-June quarter due to poor sales. The firm's net profit was Rs 341.71 crore in the same quarter of the previous fiscal, according to a regulatory filing. Total income on a consolidated basis declined 23.34 per cent to Rs 5,589.28 crore in the first quarter of the current fiscal from Rs 7,291.18 crore in the year-ago period. The company said there were higher volumes of urea during the first quarter but the revenue decreased mainly due to lower gas prices. Similarly, there was lower revenue from phosphatic and potassium fertilisers because of lower volumes and prices. Expenses remained lower at Rs 5,087.96 crore in the first quarter as against Rs 6,821.97 crore a year ago. The consolidated financial results include the financial details of four subsidiaries.