Chambal Fertilisers and Chemicals Ltd (CFCL) reported a strong increase in net profit for the first quarter ending June 30, 2024, despite a decrease in revenue. The company’s net profit jumped by 32.4% year-on-year to ₹448.3 crore.
Financial Highlights
- Net Profit: ₹448.3 crore, a 32.4% increase from ₹338.6 crore in the same quarter last year.
- Revenue: Decreased by 11.7% to ₹4,933.2 crore compared to ₹5,589.3 crore in the previous year.
- EBITDA: Increased by 18.7% to ₹751.9 crore from ₹633.3 crore in the year-ago period.
- EBITDA Margin: Improved to 15.2% from 11.3% in the first quarter of the previous fiscal year.
Business Performance
- Operational Efficiency: The increase in net profit and EBITDA margin reflects improved operational efficiency.
- Market Conditions: Despite challenging market conditions and a dip in revenue, the company managed to enhance profitability.
| Metric | Q1 FY25 | Q1 FY24 |
|---|---|---|
| Net Profit | ₹448.3 crore | ₹338.6 crore |
| Revenue | ₹4,933.2 crore | ₹5,589.3 crore |
| EBITDA | ₹751.9 crore | ₹633.3 crore |
| EBITDA Margin | 15.2% | 11.3% |
Future Outlook
- Sustainability Focus: CFCL continues to focus on sustainable practices and improving operational efficiencies.
- Market Strategy: The company aims to navigate market challenges by enhancing product quality and expanding its market reach.
TOPICS:
Chambal Fertilisers