Financial
RCFL Q1 results: Net profit down 84% at Rs 11 crore
RCFL said the government has reduced rates of Nutrient Based Subsidy (NBS) since October 1, 2023, which has adversely impacted profitability of phosphatic and potassic fertilizers.
State-owned Rashtriya Chemicals and Fertilizers Ltd (RCFL) has posted an 84 percent fall in consolidated net profit at Rs 10.80 crore for the first quarter of 2024-25 on higher finance costs.
Net profit stood at Rs 67.79 crore in the same quarter previous year, according to a regulatory filing.
Total income increased to Rs 4,396.06 crore from Rs 4,042.95 crore in the year-ago period. Expenses rose to Rs 4,409.93 crore from Rs 4,009.02 crore.
RCFL said the government has reduced rates of Nutrient Based Subsidy (NBS) since October 1, 2023, which has adversely impacted profitability of phosphatic and potassic fertilizers.
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