Page 2 - Fertiliser Firms

Govt move to clear fertiliser firms' subsidy arrears gets tepid response

Combined market capitalisation of 10 fertiliser companies up 10% in Nov, against 12% rise in Sensex

India to be self-reliant in fertilisers production by 2023: Gowda

Currently, the fertiliser production of the country is 42-45 million tonnes, and imports are at around 18 million tonnes, according to the official data

Budget 2020: Govt may cut import duty on raw material for fertiliser sector

During April-December 2019-20, the country's crude and manufactured fertiliser imports grew by 8.47 per cent to USD 6.2 billion.

Fertiliser body concerned as subsidy dues payable to cos cross Rs 33,000 cr

FAI Director General Satish Chander demanded that the government should clear subsidy arrears at the earliest as delay in payments is hurting liquidity of manufacturers

Fertiliser firms Q1 profits to jump 44% on monsoon-led sales volume bump

Q1FY18 Result EstimatesCompany (Rs crore) Sales EBIDTA PAT Q1FY18 Change (%) Q1FY18 Change (%) Q1FY18 Change (%)Chambal Fertilisers 1778.5 (6.8) 187.8 (22.8) 133.4 (5.1)Coromandel International 1871.4 (7.1) 187.2 111.1 94.8 1109.7GSFC 1068.5 (1.3) 106.7 8.9 53.5 15.6Tata Chemicals 2940.6 (8.5) 552.5 (3.4) 294.5 48.8Total 7659.0 (6.8) 1034.2 3.2 576.3 43.7Source : ICICI Securities, Change over YOYProfitability of fertiliser companies is likely to jump by a staggering 44 per cent in the April - June quarter due to a sharp increase in sales volume driven by expectations of normal monsoon this season, the second year in a row.A ICICI Securities study attributes to the staggering estimated net profit growth to the non-fertiliser business and low comparison base in fertilizer segment of some companies. The government's efforts to help companies reduce subsidy and thereby increase in working capital has also revived operating and net profits.While Coromandel International is likely to gain ..