Shares of Rashtriya Chemicals & Fertilizers (RCF) experienced a 1.5 percent decline in trade on November 13 following lackluster Q2 financials. By 12:12 pm, the RCF stock was listed at Rs 123.60 on the NSE.
The state-owned fertilizer company, RCF, reported a substantial 80.5 percent year-on-year decline in consolidated profit, totaling Rs 51 crore for the quarter ending September FY24. This downturn was attributed to a sharp contraction in operating figures and a diminished top line. RCF’s revenue from operations took a substantial hit, plummeting by 25.5 percent to Rs 4,155.2 crore, in contrast to Rs 5,576 crore in the corresponding period of the previous fiscal.
Operating at the operational level, the company’s EBITDA (earnings before interest, tax, depreciation, and amortization) faced a substantial 73.9 percent decline, slipping to Rs 105.9 crore in the second quarter of this fiscal, down from Rs 405 crore in the same period in the previous fiscal. Simultaneously, the EBITDA margin, a key measure of profitability, witnessed a noteworthy decrease, settling at 2.6 percent in the reported quarter, compared to 7.3 percent in the same period in the previous fiscal.
The shares were trading 1.44 percent lower at ₹123.10.
