 "RCF declines as Q4 profit halves")
Shares of Rashtriya Chemicals & Fertilizers (RCF) have dipped 5% to Rs 58.25 on the NSE after reporting a 56.5% year-on-year decline in net profit at Rs 66 crore for the quarter ended March 2015 (Q4) due to higher expenditure. The government-owned company had posted a profit of Rs 152 crore in the same quarter last year.
During the quarter, the company’s total operational income grew single-digits by 5.4% at Rs 2,026 crore, while total expenditure increased by 13% to Rs 1,930 crore over the previous year's corresponding quarter.
EBITDA margins were down at 9.3% as against 13.7% for the same period last fiscal.
The stock opened at Rs 59.80 and touched a low of Rs 57.10 on the NSE. A combined 607,547 shares changed hands on the counter on the NSE and BSE till 1248 hours.
During the quarter, the company’s total operational income grew single-digits by 5.4% at Rs 2,026 crore, while total expenditure increased by 13% to Rs 1,930 crore over the previous year's corresponding quarter.
EBITDA margins were down at 9.3% as against 13.7% for the same period last fiscal.
The stock opened at Rs 59.80 and touched a low of Rs 57.10 on the NSE. A combined 607,547 shares changed hands on the counter on the NSE and BSE till 1248 hours.
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