Mangalore Chemicals & Fertilizers declines after reporting dismal Q1 results

Mangalore Chemicals & Fertilizers declined 2.72% to Rs 59.05 at 11:45 IST on BSE after company reported net loss of Rs 211.56 crore in Q1 June 2015 compared with net loss of Rs 9.76 crore in Q1 June 2014.

The company announced the results after market hours yesterday, 6 August 2015.

Meanwhile, the S&P BSE Sensex was currently unchanged at 28,298.35.

On BSE, so far 13,307 shares were traded in the counter as against average daily volume of 70,424 shares in the past one quarter.

The stock hit a high of Rs 61 and a low of Rs 58.80 so far during the day. The stock had hit a record high of Rs 104.65 on 8 October 2014. The stock had hit a 52-week low of Rs 51.20 on 8 June 2015.

The stock had underperformed the market over the past one month till 6 August 2015, falling 10.67% compared with Sensex's 0.32% gain. The scrip had also underperformed the market in past one quarter, dropping 25.15% as against Sensex's 5.92% gain.

The small-cap company has equity capital of Rs 118.52 crore. Face value per share is Rs 10.

Mangalore Chemicals & Fertilizers' net sales jumped 79.74% to Rs 774.66 crore in Q1 June 2015 over Q1 June 2014.

Mangalore Chemicals and Fertilizers is a fertilizer manufacturing company situated in Karnataka. The company's product range includes Urea, Di-Ammonium Phosphate, Muriate of Potash, Granulated Fertilizers, Micronutrients, Soil Conditioners and Specialty Fertilizers.

Powered by Capital Market - Live News