RCF slides after Q1 PAT slumps 84% YoY to Rs 10 crore

Rashtriya Chemicals & Fertilizers fell 2.42% to Rs 195.50 after the company's consolidated net profit slipped 84.04% to Rs 10.80 crore in Q1 FY25 as compared with Rs 67.69 crore posted in same period last year.

Revenue from operations grew by 8.73% year on year (YoY) to Rs 4,396.06 crore during the quarter ended June 2024.

Profit before tax tumbled 82.18% to Rs 16.34 crore during the quarter as compared with Rs 91.71 crore posted in the corresponding quarter last year.

Total expenses rose 10% to Rs 4,409.93 crore in Q1 FY25 over Q1 FY24. During the quarter, cost of materials consumed stood at Rs 1,195.78 crore (down 16.63% YoY) while employee benefits expense was at Rs 141.23 crore (up 1.69% YoY).

On segmental front, revenue from fertilizers stood at Rs 2,140.36 crore (down 11.69% YoY), trading income stood at Rs 1,790.69 crore (up 54.16% YoY) and industrial chemicals revenue was at Rs 462.10 crore (up 1.63% YoY).

Meanwhile, the fertilizer maker informed that its debenture allotment committee allotted 30,000, 7.99% listed, unsecured, redeemable, non-cumulative, taxable, non-convertible bonds in the nature of debentures (NCDs) of face value of Rs 1 lakh only each, aggregating to Rs 300 crore for a period of 3 years on private placement basis.

Rashtriya Chemicals & Fertilizers (RCF) is engaged in the manufacturing and marketing of fertilizers and industrial chemicals. As on 30 June 2024, the Government of India held 75% stake in the company.

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