RCF shares fall nearly 5% as Q1 net profit slumps over 84% YoY to ₹10.8 crore; check details

The chemical and fertilisers company’s consolidated net profit fell 84.06% year on year to ₹10.8 crore in Q1, compared to ₹67.79 crore in the same period last year. Sequentially, the net profit dropped 88.66% from ₹95.24 crore in the last quarter of FY24.

Revenue from operation rose 8.73% to ₹4,396.06 crore as against ₹4,042.95 crore in the year-ago period. On a quarter-on-quarter basis, the figures surged 13.31% from ₹3,879.65 crore in Q4FY24.

The stock opened 1.89% lower at ₹196.50 and slipped further to the day’s lowest point. RCF shares closed 4.8% lower at ₹190.65 per piece on NSE.

The stock, however, has performed well in the last six months, growing over 30% in the period. It has gained over 15% in 2024 so far.

RCF’s total expense grew by 10% to ₹4,409.93 crore in Q1 FY25 over ₹4009.02 crore in the year-ago period. The cost of materials in Q1 was at ₹1,195.78 crore down 16.62% YoY from ₹1434.23 crore reported a year ago.

The PSU’s revenue from fertilisers in Q1 slipped 11.69% to ₹2,140.36 crore from ₹2423.74 crore in Q1FY25. The revenue from the industrial chemical segment grew to ₹462.10 crore up from ₹454.71 crore reported in the first quarter of FY24.

On August 7, RCF said that its debenture allotment committee has approved and allotted 30,000, or 7.99%, listed, unsecured, redeemable, non-cumulative, taxable, non-convertible bonds like debentures (NCDs) with a face value of ₹1,00,000 each, aggregating to ₹300 crore, on a private placement basis placement.