Revenue from operations grew by 8.73% year on year (YoY) to Rs 4,396.06 crore during the quarter ended June 2024.
Profit before tax tumbled 82.18% to Rs 16.34 crore during the quarter as compared with Rs 91.71 crore posted in the corresponding quarter last year.
Total expenses rose 10% to Rs 4,409.93 crore in Q1 FY25 over Q1 FY24. During the quarter, cost of materials consumed stood at Rs 1,195.78 crore (down 16.63% YoY) while employee benefits expense was at Rs 141.23 crore (up 1.69% YoY).
On segmental front, revenue from fertilizers stood at Rs 2,140.36 crore (down 11.69% YoY), trading income stood at Rs 1,790.69 crore (up 54.16% YoY) and industrial chemicals revenue was at Rs 462.10 crore (up 1.63% YoY).
Rashtriya Chemicals & Fertilizers (RCF) is engaged in the manufacturing and marketing of fertilizers and industrial chemicals. As on 30 June 2024, the Government of India held 75% stake in the company.