Chambal Fertilisers Q1 profit down 6% at Rs 141 cr

Image
Press Trust of India New Delhi
Last Updated : Aug 10 2016 | 6:32 PM IST
Chambal Fertilisers and Chemicals today reported a 6 per cent fall in net profit to Rs 140.65 crore for the quarter ended June 30.
Its net profit stood at Rs 149.52 crore in the year-ago period.
Income from operations also fell to Rs 1,908.34 crore in the first quarter of this fiscal from Rs 2,348.05 crore in the corresponding period of the previous year.
Chambal Fertilisers and Chemicals is one of the largest private sector fertiliser producers in India. It has two urea plants located at Gadepan in Kota district of Rajasthan. The two plants produce about 2 million tonnes of urea per annum.
The company has diversified into other sectors. Its shipping division under the name India Steamship operates 5 Aframax tankers.
Chambal Fertilisers has other business interests through its subsidiary in the software sector. It also has a joint venture in Morocco for manufacturing phosphoric acid.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Aug 10 2016 | 6:32 PM IST

Next Story