21 July 2011

Rashtriya Chemicals and Fertilisers (RCF) Q1 FY12 Results : Net profit drops 80%


State owned Rashtriya Chemicals and Fertilisers Limited (RCF) has posted a huge drop  in net profit for the period Q1 (ending Jun 11) of the current fiscal (FY11-12). During the said quarter, net profit declines 79.97% to Rs 3.96 crores in comparison to Rs 19.78 crores of Q1 (ending Jun 10) of previous year (FY10-11). This seems that fall in net profit was primarily due to decline in Trombay complex’s profit before interest and tax (PBIT) to Rs 5.42 crore from Rs 27.80 crore. Rashtriya Chemicals and Fertilisers Limited (RCF) is a Government of India undertaking company which produces fertilisers and basic chemicals for agriculture like Methanol, Sodium Nitrate, Ammonium bicarbonate, Methylamines, Dimethyl Formamide and Dimethylacetamide.  

The company informed the share market (BSE/NSE) that the total income/sales rises 10.31% to Rs 868.36 crore in the Q1 (ending Jun 2011) of the current fiscal (FY11-12) when compared with the same period (ending Jun 2010) of previous year (FY10-11). Total income was Rs 791.34 crores in last year's Q1.

Share’s Data :-
BSE Code : 524230
Mkt. Cap : Rs 4,063.27 Crores
Rashtriya Chemicals and Fertilisers Ltd. share’s CMP is Rs 73.65 on 21st Jul 2011.

Stay tuned to Duncans Fertiliser Blog for more news on Rashtriya Chemicals and Fertilisers Limited (RCF) !

Source : Bell the Bull

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