Page 2 - Fertiliser Firms
Fertiliser body concerned as subsidy dues payable to cos cross Rs 33,000 cr
FAI Director General Satish Chander demanded that the government should clear subsidy arrears at the earliest as delay in payments is hurting liquidity of manufacturers
 "Fertiliser body concerned as subsidy dues payable to cos cross Rs 33,000 cr")
Fertiliser firms Q1 profits to jump 44% on monsoon-led sales volume bump
Q1FY18 Result EstimatesCompany (Rs crore) Sales EBIDTA PAT Q1FY18 Change (%) Q1FY18 Change (%) Q1FY18 Change (%)Chambal Fertilisers 1778.5 (6.8) 187.8 (22.8) 133.4 (5.1)Coromandel International 1871.4 (7.1) 187.2 111.1 94.8 1109.7GSFC 1068.5 (1.3) 106.7 8.9 53.5 15.6Tata Chemicals 2940.6 (8.5) 552.5 (3.4) 294.5 48.8Total 7659.0 (6.8) 1034.2 3.2 576.3 43.7Source : ICICI Securities, Change over YOYProfitability of fertiliser companies is likely to jump by a staggering 44 per cent in the April - June quarter due to a sharp increase in sales volume driven by expectations of normal monsoon this season, the second year in a row.A ICICI Securities study attributes to the staggering estimated net profit growth to the non-fertiliser business and low comparison base in fertilizer segment of some companies. The government's efforts to help companies reduce subsidy and thereby increase in working capital has also revived operating and net profits.While Coromandel International is likely to gain ..
 "Fertiliser firms Q1 profits to jump 44% on monsoon-led sales volume bump")
