Chambal Fertilisers drops after poor Q3 outcome

Chambal Fertilisers & Chemicals lost 1.95% to Rs 37.80 at 12:42 IST on BSE after net profit declined 6% to Rs 90.28 crore on 13% growth in net sales to Rs 2359.25 crore in Q3 December 2013 over Q3 December 2012.

The Q3 result was announced after market hours on Monday, 3 February 2014.

Meanwhile, the S&P BSE Sensex was down 140.01 points or 0.69% at 20,069.25.

On BSE, so far 1.15 lakh shares were traded in the counter as against average daily volume of 1.87 lakh shares in the past one quarter.

The stock hit a high of Rs 39.30 and a low of Rs 37.35 so far during the day. The stock had hit a 52-week high of Rs 67.20 on 4 February 2013. The stock had hit a 52-week low of Rs 30.60 on 28 August 2013.

The stock had underperformed the market over the past one month till 3 February 2014, sliding 3.5% compared with the Sensex's 3.08% fall. The scrip had however, outperformed the market in past one quarter, advancing 6.34% as against Sensex's 4.85% fall.

The company has equity capital of Rs 416.21 crore. Face value per share is Rs 10.

Chambal Fertilisers & Chemicals is one of the largest private sector fertilizer producers in India.

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