Rashtriya Chemicals and Fertilizers Ltd (RCF) witnessed a significant decline of 6% in its shares following a notable decrease in its EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization). The company’s EBITDA experienced an 81% drop, with margins shrinking to 1.7% compared to 7% year-on-year.
The financial results for the quarter ended December 2023 also revealed a sharp decline in sales, down by 21.36% to Rs 4903.52 crore. Furthermore, RCF reported a staggering 95.42% decrease in net profit, recording Rs 11.22 crore compared to Rs 245.20 crore in the same quarter of the previous year.
As of 10:47 am the shares were trading 6.02% lower at ₹138.90
These dismal figures indicate a challenging period for Rashtriya Chemicals and Fertilizers Ltd, raising concerns among investors about the company’s financial performance and future prospects.
