RCF share price dips 1.5% on poor Q2 results

Rashtriya Chemicals & Fertilizers, the state-owned fertiliser company has registered an 80.5 percent on-year decline in consolidated profit at Rs 51 crore for quarter ended September FY24.

Shares of Rashtriya Chemicals & Fertilizers (RCF) dropped 1.5 percent in trade on November 13 post registering dismal Q2 numbers. At 12:12 pm, the RCF stock was trading at Rs 123.60 on the NSE.

Rashtriya Chemicals & Fertilizers, the state-owned fertilizer company has registered an 80.5 percent on-year decline in consolidated profit at Rs 51 crore for quarter ended September FY24, impacted by sharp decline in operating numbers and lower top line.

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RCF's revenue from operations also took a hit, falling by 25.5 percent to Rs 4,155.2 crore compared to Rs 5,576 crore in the corresponding period of the previous fiscal. At the operational level, the company's EBITDA (earnings before interest, tax, depreciation, and amortization) experienced a staggering 73.9 percent decline, dropping 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.

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The EBITDA margin, which measures profitability, saw a notable decrease as well, standing at 2.6 percent in the reporting quarter compared to 7.3 percent in the same period in the previous fiscal.

Rashtriya Chemicals and Fertilizers stock shareholding pattern

The Government of India owns 75 percent stake in the fertilizer company. This is followed by the public which holds a 22.11 percent stake. FIIs and DIIs own the remaining 2.55 percent and 0.34 percent stake in the company respectively.

Rashtriya Chemicals and Fertilizers stock performance

The Rashtriya Chemicals and Fertilizers stock has given a return of 17.45 percent over the last six months. The benchmark Nifty50 index has given a return of 5.71 percent over the same duration.

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