NACL Industries Ltd Q2FY24; 86% fall in Profits

NACL is an established player and they deal in both technicals and formulations and they cater to the Indian market and to the international market as well. They have over 50 products covering all major crops. They have a strong logistic presence and the products are sold in more than 55,000 counters. NACL has become one of the reliable contract manufacturers for major MNCs. NACL exports products to over 30 countries and has forayed into International Brand business by registering brands in South-East Asia and Africa and are in the process of expanding reach in these regions.

Financial Results:

• NACL Industries Ltd reported Revenues for Q2FY24 of ₹580.26 Crores up from ₹564.91 Crore year on year, a rise of 2.72%.
• Total Expenses for Q2FY24 of ₹576.06 Crores up from ₹527.74 Crores year on year, a rise of 9.16%.
• Consolidated Net Profit of ₹4.08 Crores down 86.35% from ₹29.89 Crores in the same quarter of the previous year.
• The Earnings per Share is ₹0.21, down 86.09% from ₹1.51 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.