Shares of Chambal Fertilisers and Chemicals rose as much as 5.5 percent on November 7, after the company reported a sharp jump in its net profit for the September quarter, despite a dip in its quarterly revenue.
At 12.49 pm, shares of Chambal Fertilisers were trading at Rs 530.85 on the NSE. The surge in the stock was also supported by heavy trading volumes in the counter. As much as 75 lakh shares changed hands on the exchanges as yet, far higher than the one-month daily traded average of 18 lakh shares.
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The agrochemical company's net profit for the quarter soared nearly 41 percent on year to Rs 536.4 crore in Q2, up from Rs 381 crore in the year-ago period. The sharp surge in the bottomline was aided by a significant improvement in operational performance.
EBITDA margin for the agrochemical player expanded sharply to 18.2 percent in the quarter gone by, as compared to 11.4 percent in the prior-year period.
On the other hand, revenue dipped over 19 percent year-on-year to Rs 4,346.2 crore in Q2, as against Rs 5,385.5 crore in the year-ago period.
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