Latest News | Chambal Fertilisers Q1 Net Profit Dips 1 Pc to Rs 338.60 Crore

New Delhi, Aug 8 (PTI) Chambal Fertilisers and Chemicals Ltd on Tuesday posted a marginal drop of 0.9 per cent in consolidated net profit to Rs 338.60 crore in the April-June quarter due to poor sales.

The firm's net profit was Rs 341.71 crore in the same quarter of the previous fiscal, according to a regulatory filing.

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Total income on a consolidated basis declined 23.34 per cent to Rs 5,589.28 crore in the first quarter of the current fiscal from Rs 7,291.18 crore in the year-ago period.

The company said there were higher volumes of urea during the first quarter but the revenue decreased mainly due to lower gas prices. Similarly, there was lower revenue from phosphatic and potassium fertilisers because of lower volumes and prices.

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Expenses remained lower at Rs 5,087.96 crore in the first quarter as against Rs 6,821.97 crore a year ago.

The consolidated financial results include the financial details of four subsidiaries.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)