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Fertilizers & Chemicals Travancore Ltd Q2FY24; 28% fall in Profits

Fertilizers & Chemicals Travancore Ltd (FACT), incorporated in the year 1943, is the first large-scale fertiliser plant in India at Udyogamandal, Kochi, Kerala. The company is engaged in the manufacturing and selling of fertilizers, its by-products and Caprolactam. It is under the administrative control of the Department of Fertilizers, Ministry of Chemicals & Fertilizers, Government of India.

Financial Results:

Fertilizers & Chemicals Travancore Ltd reported Revenues for Q2FY24 of ₹1,663.00 Crores down from ₹1,935.00 Crore year on year, a fall of 14.06%.

Total Expenses for Q2FY24 of ₹1,597.00 Crores down from ₹1,767.00 Crores year on year, a fall of 9.62%.

Consolidated Net Profit of ₹105.00 Crores down 27.59% from ₹145.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹1.63, down 26.91% from ₹2.23 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

Tags: Chemicals
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