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Madras Fertilizers Ltd Q2FY24; 86% fall in Profits

Madras Fertilizers Limited is engaged in the manufacturing of Urea and Complex Fertilizers. It is also involved in manufacturing Bio-fertilizers and trading eco-friendly Agro Chemicals, Organic Manure, and City Compost under the brand name ‘Vijay’.

Financial Results:

  • Madras Fertilizers Ltd reported Revenues for Q2FY24 of ₹385.25 Crores down from ₹912.10 Crore year on year, a fall of 57.76%.
  • Total Expenses for Q2FY24 of ₹390.71 Crores down from ₹884.11 Crores year on year, a fall of 55.81%.
  • Consolidated Net Profit of ₹3.35 Crores down 85.99% from ₹23.92 Crores in the same quarter of the previous year.
  • The Earnings per Share is ₹0.21, down 85.81% from ₹1.48 in the same quarter of the previous year.

Tags: fertilizers
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