FACT nets a profit of ₹71 cr in Q4; announces a dividend of ₹20/share
Net profit declined to Rs 41.23 cr from 128.27 cr in the previous year
Net profit declined to Rs 41.23 cr from 128.27 cr in the previous year
Net profit declined to Rs 41.23 cr from 128.27 cr in the previous year
The Kochi-based Fertilisers and Chemicals Travancore Ltd (FACT) recorded a profit of ₹70.78 crore for the fourth quarter ended March 31. This is a healthy turnaround, as the company had posted a loss of ₹79.1 core in the same period of the previous year.
Compared to the previous quarter, the company's profit has grown by a whopping 784% from ₹8 crores recorded in the third quarter ended December 31, 2024. The central PSU's operating income increased slightly to ₹1,113.19 crore compared to ₹1,111.79 crore in the previous quarter.
However, the profit for the year declined to ₹41.23 crore from ₹128.27 crore. The 67.85 per cent drop was due to lower operating income.
According to the statutory filing with the exchanges, the company declared a dividend of 20 paise per equity share.
On NSE, the share rose 2.8 per cent from ₹899.95 to ₹925.70 on Monday.