Chambal Fertilisers and Chemicals rallied 3.18% to Rs 358.45 after the company's consolidated net profit surged 41.78% to Rs 459.41 crore in Q3 FY24 as against Rs 324.50 crore recorded in Q3 FY23.
Revenue from operations stood at Rs 4,348.57 crore in Q3 FY24, registering de-growth of 47.58% from Rs 8,296.21 crore posted in Q3 FY23.Profit before tax increased 34.3% to Rs 664.19 crore in the third quarter of FY24 as against Rs 494.54 crore recorded in the same period last year.
Total expenses slipped 50.98% to Rs 3,835.68 crore in Q3 FY24 over Q3 FY23. Cost of raw material consumed was at Rs 1,869.12 crore (down 17.62% YoY) while employee benefit expenses stood at Rs 56.31 crore (up 17.66% YoY).
On nine-month basis, the company's consolidated net profit increased 25.45% to Rs 1,178.96 crore in 9M FY24 as compared with Rs 939.81 crore in 9M FY23.
However, net sales decreased 36.61% YoY to Rs 15,323.37 crore in the nine-months ended on 31 December 2023.
Chambal Fertilisers & Chemicals manufactures ammonia, urea, pesticides and other products for farming and other agricultural applications. The company also provides consulting services to farmers on their seeding programs.
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